Signa Sports United (SSU) announced a binding agreement to acquire Tennis Express, an online tennis retailer in the United States.
Category: Footwear
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.
Rocky Brands Sees 57 Percent Q1 Sales Surge
Rocky Brands Inc. reported earnings catapulted 278.1 percent on significantly higher margins and a 57 percent revenue gain.
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.
Academy Sports Sees First-Quarter Same-Store Sales Surge 39 Percent
Academy Sports + Outdoors, Inc. reported preliminary results for its first-quarter showing comparable sales jumped 38.9 percent during the thirteen-week period ended May 1.
Under Armour Lifts Outlook After Q1 Tops Wall Street Targets
Under Armour raised its guidance and now expects a net profit for 2021 after reporting first-quarter results that topped Wall Street’s targets. Sales in the first quarter rose 35 percent.
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.
Report: On Exploring Initial Public Offering
On AG, the Swiss running shoe maker, is preparing to go public with a potential U.S. stock market listing as early as this fall, sources told Reuters. The deal reportedly aims to value the firm at about $5 billion.
L Catterton Completes Acquisition Of Birkenstock
L Catterton announced that it has completed the previously announced acquisition of Birkenstock. In conjunction with the closing, Birkenstock has formed and appointed six members to the company’s Supervisory Board.
Caleres’ Debt Rating Outlook Revised To Stable
S&P Global Ratings raised its debt ratings outlook on Caleres to Stable From Negative as it expects the company’s operating performance to continue to gradually improve in 2021, spurred by the expected healthy recovery in sales of its retail business’ wellness, comfort, and sport styles apparel shoes.
Amazon Appoints Nike Alum As Global Head of Sports Marketing
Amazon appointed Marc Patrick, a former top Nike marketing manager, as its new global head of sports marketing.
SFIA Sets Virtual Conference For November
The Sports & Fitness Industry Association (SFIA) will hold its annual industry event in a virtual format from November 9-11, 2021. The “SFIA Trends & Insights 2021,” will feature sports & fitness executives and experts discussing strategic issues and opportunities in a post-pandemic market.
Emerald Holding Sees Steep Q1 Revenue Drop
Emerald Holding Inc. reported revenues tumbled 87 percent as results continue to be negatively impacted by event cancellations due to the COVID-19 pandemic.
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