This new share repurchase program totaling $700 million replaces the preceding share repurchase program, of which $423 million remained as of the end of the third quarter, and is effective as of December 4, 2024, for a period of three years.
Category: Sports/Fitness
Amer Sports Prices Upsized Public Share Offering at $23.00 Per Share
The parent of the Arc’teryx, Salomon and Wilson Sports, brands, among others, has priced its upsized public offering of 40.8 million ordinary shares at a price of $23.00 per share. The closing of the offering is expected to occur on December 6, 2024.
Duluth Trading Cites Weaker Web Conversion Rates, Slower Store Traffic, in Q3 Miss
The company said it saw growth in its average order value and a double-digit increase in digital traffic, but it was not enough to offset the year-over-year contraction in transactions. Top line trends improved leading into Black Friday week and continued through cyber Monday.
PGA of America Golf Pro and Board Director Earns PGA Master Pro Designation
The highest education designation a PGA of America golf professional can obtain, Steve Parker is a Northern Ohio PGA Section member. He joins a unique group as the 452nd to earn Master Professional status in Teaching and Coaching.
Famous Footwear Parent Cuts Full Year Guidance as Weak YTD Trends Flow into Q4
The parent company of Famous Footwear and the Naturalizer, Vionic, Allen Edmonds, Blowfish Malibu, and Sam Edelman brands is the latest retailer to reduce its full-year guidance as sales and earnings came in under expectations.
NBC Sports Names Kevin Kisner Lead Analyst for Golf Coverage
Kisner will serve as lead analyst for the majority of men’s golf events on NBC, including the U.S. Open, the Open Championship, the Players Championship, the FedExCup Playoffs, and the Ryder Cup. He will also maintain a limited playing schedule on the PGA Tour.
EXEC: Foot Locker Sees Nike Softness in Q3 While Adidas, NB, Asics, On, and Hoka Shine
Management pointed out that Foot Locker returns to growth with Nike on an allocation basis during the holiday season and also have a favorable launch calendar.
Salesforce: Global Online Sales Reach All-Time High of $315B During Cyber Week
The company said data analyzed for the Cyber Week period revealed a record $314.9 billion in global online sales, with U.S. consumers contributing $76 billion of the total number.
PGA of America Reach Foundation Names Executive Director
Jenny Lewis, a Northern Texas native will oversee strategy, impact and fundraising for the 501(C)(3) Foundation. From 2008 to 2023, she was the Foundation vice president for Kimberly-Clark Corporation in Irving, TX.
Foot Locker Lowers FY Outlook on Q3 Miss, Promo Pressures, and Weak Consumer
Excluding the effect of foreign exchange rate fluctuations, total sales for Q3 decreased 2.2 percent year-over-year. Comparable sales increased 2.4 percent year-over-year, including North America Foot Locker and Kids Foot Locker comparable sales growth of 6.4 percent.
Pvolve to Open First Studio in San Antonio
A new studio agreement with local San Antonio, TX, entrepreneur Rachel Neal, marks the fitness franchise’s 13th studio in Texas.
Crunch Franchise to Open in Augusta, GA
Crunch Augusta will be Fitness Ventures’ 60th location nationwide and the fifth location in Georgia. The franchise plans to open ten more locations across the U.S. next year.
StockX Breaks Pre-Cyber Weekend Trades Record; Sees Continued Momentum Into Holidays
Asics is one of the fastest-growing sneaker brands on StockX and will set a new sales record in 2024. Top picks throughout the weekend included the Asics Gel-1130 Black Pure Silver and the Asics Gel-Kayano 14 Cream Black Metallic Plum.
Report: Footwear and Apparel Among Bright Spots for Weaker Store Traffic
“Categories like Apparel, Footwear, and Jewelry saw notable traffic increases on the Saturday following Black Friday, indicating that consumers are spreading out their purchases, revealing a shift in shopping behavior, with extended promotions allowing for more flexibility and reducing reliance on Black Friday.
NRF Reports Thanksgiving Weekend Shopper Numbers Fell Short of 2023 Comp Period
The five-day holiday weekend from Thanksgiving Day through Cyber Monday saw an estimated 197.0 million shoppers, reportedly the second highest number in the NRF’s survey’s history after last year’s record of 200.4 million shoppers—exceeding its initial forecast of 183.4 million.
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