Academy has opened three of the new stores this year and plans to open 15-to-17 more in fiscal year 2024.
Category: Sports/Fitness
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.
Golftec Continues U.S. Expansion, Opens Second Center In Omaha
The 3,300 square foot facility, has five hitting bays for lessons with in-house instructors, the latest technology for use to practice and a fitting service to select the best clubs for play.
Perry Ellis x Original Penguin Expand Partnership with University of Miami Athletics
The extended partnership will include a student-athlete brand ambassador program and a Community Suits program to outfit students with professional attire for success on and off campus.
Topgolf to Open Doors in Greensboro
Topgolf will open its doors in Greensboro on September 13—its fourth venue in North Carolina, with locations in Charlotte and Durham. The site will employ roughly 300 people and is its 102nd global outdoor venue.
Duluth Trading Returns to Top-Line Growth in Q2 Despite Store Decline
Direct-to-consumer net sales increased by 5.6 percent to $91.7 million and Retail store net sales decreased 4.4 percent to $49.9 million, reportedly due to slower store traffic, partially offset by strong conversion rates.
KT Adds Turf Tape to Lineup Ahead of 2024 Football Season
Based in Utah, KT entered a new segment within the football market with KT Turf Tape, underscoring the brand’s commitment to empowering athletes’ performance at all levels.
Walmart Building More Than A Marketplace for Sellers
Company leaders outlined category expansions, multichannel fulfillment and new features that Walmart believes will simplify selling across markets to the thousands of sellers attending its “Let’s Grow” 2024 Marketplace Summit on August 27.
EXEC: Foot Locker Gives Q2 Nod to Nike in Basketball, Adidas and New Balance in Lifestyle
North America overall comps were up 1.7 percent for the quarter, led by Foot Locker North America, which delivered a comp increase of 5.9 percent.
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