A real deal to go private is finally on the table at Nordstrom Inc., with family members Erik Nordstrom and Pete Nordstrom at the center of a proposed $3.76 billion deal.
Category: Sports/Fitness
SFIA Appoints New President and CEO as Tom Cove Retires
Todd Smith will assume the president and CEO role for the association, effective October 1. Smith will succeed Tom Cove, who announced his retirement earlier this year as president and CEO after leading the organization since 2005.
Dick’s Sporting Goods Lifts Full-Year Guidance After Strong Q2 Results
Comparable store sales growth came in at 4.5 percent y/y, on top of the 2.0 percent y/y comp store sales growth in the year-ago Q2 period. Six-month year-to-date comps were up 4.9 percent y/y through August 3.
Report: Textile Mills Lead List of Declining Manufacturing Operations in August
The U.S. manufacturing sector’s economic activity contracted in August for the fifth consecutive month and the 21st time in the last 22 months as demand continued to be weak, output declined and inputs stayed accommodative.
Under Armour Divests MapMyFitness to Outside Interactive, Inc.
The fitness tracking app business re-joins one of its Co-founders, Robin Thurston, the CEO of Outside Interactive, Inc.
Barclays Names New Global Head of Retail within Investment Banking
Cathy Leonhardt has been appointed global head of Retail within Investment Banking. She is based in New York, reporting to Lowell Strug, global head of the Consumer and Retail Grou
Tara McRae Returns to Puma as Head of NA Brand Strategy and Marketing
Following a decade of marketing leadership roles at Puma, Clarks and TB12, McRae takes on a new leadership role, spearheading Puma’s North America brand strategy and marketing.
Academy Sports + Outdoors Opening Nine Stores This Fall
Academy has opened three of the new stores this year and plans to open 15-to-17 more in fiscal year 2024.
That’s a Wrap. What Was the Most Read News This Summer?
From the long Independence Day holiday weekend to the just-completed Labor Day weekend that signaled the end of another summer, SGB Media readers focused on reading about a wide variety of issues and opportunities that affected their businesses each day.
Rally House Opens in Wayne, PA and Austin, TX
Rally House opened new stores in Wayne, PA and near Austin, TX offering a selection of officially licensed apparel representing local NCAA, NFL, MLB, NBA, NHL, and MLS teams, in addition to local merchandise.
Under Armour Appoints VP Commercial for EMEA
Franck Denglos brings 25 years of experience in the sports, lifestyle and fashion industries to his role at UA as vice president of commercial for EMEA. He joined the company September 1 from Adidas, where, most recently, he was the president of Adidas Italy.
SGB Media Closed for Labor Day Holiday
SGB Media will not publish the SGB Evening Newsletter on Friday, August 30, and the SGB Morning and Evening Newsletters on Monday, September 2. SGB Media will return to the office and resume newsletter publication on Tuesday, September 3.
Asics to Exit Baseball Equipment Biz; Shifts Attention to Running Category
Following a review of its domestic business portfolio, Asics will exit the baseball business adding that its resources for baseball equipment are “limited” compared to other sports products it produces.
EXEC: Lululemon to Fast-Track New Product but Cuts 2024 Guidance
Lululemon reported second quarter net revenue increased 7 percent to $2.37 billion, or increased 8 percent on a constant-currency (cc) basis. Analysts were looking for $2.41 billion. Earnings came in at $3.15 per share, above consensus estimates for $2.93 per share.
EXEC: Athleta’s Q2 Comps Decline as Expected; Expects Return to Growth in H2
In the second quarter, Athleta was expected to lap the balance of last year’s heavy discounting, and, as a result, the company planned for second quarter net sales to be down in mid-single-digits year-over-year.
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