Penn Athletics Renews Relationship With Nike

The University of Pennsylvania Division of Recreation and Intercollegiate Athletics and Nike have reached an agreement on a new five-year contract that will keep the Quakers in Nike through the 2025-26 athletic year.

Bogs’ Sales Climb 32 Percent In First Quarter

Weyco Group, Inc. reported North American wholesale sales for the Bogs outdoor brand rose 32 percent in the first quarter of 2021, as consumers continue to spend more time outdoors during the pandemic. Bogs also saw strong online sales.

Ames Watson Acquires South Moon Under

An affiliate of investment holding company Ames Watson is acquiring the Annapolis, MD-based surf chain, South Moon Under. Ames Watson acquired the Lids hat chain two years ago.

Big 5 Posts 32 Percent Q1 Comp Gain

Big 5 Sporting Goods Corp. reported same-store sales jumped 31.8 percent in its first quarter ended April 4, well above guidance calling for a gain of 20 percent. Earnings likewise soared and came in about double guidance.

Dick’s SG Announces Grand Opening Of Four Stores

Dick’s Sporting Goods will expand its nationwide footprint with the grand opening of one Dick’s Sporting Goods location, one Warehouse Sale location and two locations of a new off-price store concept—Going, Going, Gone!—in May.

Under Armour To Pay $9 Million To Settle SEC Revenue Probe

Under Armour agreed to pay $9 million in fines as part of a settlement of an investigation by the Securities and Exchange Commission. The case related to misleading its revenue growth to investors from the third quarter of 2015 through the fourth quarter of 2016, the agency said Monday.

Academy Sports Announces Secondary Stock Offering

Academy Sports and Outdoors Inc announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 14 million shares of common stock of Academy.