Over the decades, Foot Locker has marked its influence on sneaker culture with milestones, including the exclusive launch of the Nike Air Max Plus in 1998, the Foot Locker Slam Fest from 1988 to 1996, and introduced signature sneakers for athletes with top brands.
Category: Sports/Fitness
EXEC: Callaway and Topgolf Management Outline Separation Plan
The company said it expects to effect the separation by spinning off the Topgolf business to Topgolf Callaway Brands’ shareholders in a transaction that is intended to be tax-free for both the company and its shareholders for U.S. federal income tax purposes.
Helen of Troy Announces New $500M Share Repurchase Authorization
The repurchase program does not require purchasing any minimum number of shares and may be implemented, modified, suspended, or discontinued in whole or in part at any time without further notice.
Tilly’s Takes a Shifting Calendar Hit to Second Quarter Sales; Improves EPS Loss to Zero
The calendar shift impact of last year’s 53rd week in the retail calendar, which caused a portion of the back-to-school season’s sales volume to shift into the latter stages of the second quarter from the beginning of the third quarter last year.
Zumiez Gets Q2 Sales Lift From Year-over-Year Calendar Shift and Narrows Net Loss
The company experienced a noticeable acceleration in its sales trend as the second quarter unfolded, with July North America comparable sales increasing in the high-single digits and encouraged about prospects for growth over the remainder of fiscal 2024.
Freemotion Partners with Grupo Multi, Expands Presence in Brazilian Fitness Market
Freemotion entered into a strategic partnership with Grupo Multi, the Brazilian fitness distribution company. The announcement follows the appointment of Yvette Cisneros as Freemotion’s sales director for LATAM.
Tiger & Rory Tap PGA Tour VP as Business Development Chief for TMRW Sports
For the last 15 years, Brian Cleek has held business development roles at the PGA of America, Roush Fenway Racing and, most recently, PGA Tour.
United States Announces 2024 Women’s PGA Cup Team
The women’s 2024 U.S. PGA Cup Team includes Sandra Changkija, Joanna Coe, Stephanie Connelly Eiswerth, Ashley Grier and
Allie Knight. The biennial international competition includes teams from the U.S., Australia, Canada, the UK, Ireland, South Africa, and Sweden and will take place September 30 through October 5 on the Meadows Course at Sunriver Resort in Sunriver, OR.
G-III Inks Global Converse Apparel License; Ups EPS Guidance of Strong Q2
G-III said with Converse holding a position as an iconic American youth lifestyle brand the agreement represents a significant opportunity for the company to expand the G-III active lifestyle business.
National Academy of Sports Medicine Appoints VP of International
Vega Perry oversees NASM’s strategy for global expansion. She will focus on strengthening operations in existing markets and identifying new growth opportunities in new regions in the fitness and wellness space.
EXEC: Dick’s SG Tempers Outlook for H2 on Concerns Over Consumer
The largest sporting goods retailer in the country, which just posted 4.9 percent comp growth in the first half of the year, also has concerns about the consumer. As many others have noted in their earnings calls, DKS is clearly seeing something at the store level.
Fossil Group Snags Franco Fogliato as CEO and Board Member
New CEO Franco Fogliato most recently served as president and CEO of Salomon. Before that, he spent eight years working at Columbia Sportswear as CEO of Europe and at Billabong Group and held executive roles at The North Face earlier in his career.
Sacks Parente Golf Re-Brands as Newton Golf: A Sacks Parente Company
The company will now call the original Sacks Parente Golf putter division Newton Gravity within Newton Golf: A Sacks Parente Company, while Newton Motion Shafts will keep its segment name.
Currex and Powerstep Parent Acquired by Private Investment Firm
Bansk Group has acquired Foundation Wellness, the parent company of the Powerstep, Currex, Foot Petals, Flat Socks, Doctor Hoys, and other branded footcare-focused product companies from Gridiron Capital.
Mad Engine Global Adds Three Leaders to C-Suite
The senior team expands with the addition of Angelina Yagudayev as chief merchandising officer, Christine Bettles as chief financial officer and Gina Cappi as chief creative officer.
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