Sports/Fitness Financial

Former Nike Retail VP Joins Tailored Brands

May 7, 2021SGB Updates

Tailored Brands appointed Karla Gray, a former VP at Nike's retail operations, as EVP and chief stores officer. (Read More)

Puttshack Announces $60 Million In Growth Capital

May 7, 2021SGB Updates

Puttshack, which recently opened its first U.S. location, announced it has completed a growth capital round of $60 million led by Promethean Investments. The funds will continue to support the company's growth, including additional stores in the UK and U.S. (Read More)

Hibbett Sports Opens In Richmond, VA

May 7, 2021SGB Updates

Hibbett Sports announced the opening of the newest Hibbett Sports in Richmond, VA. (Read More)

Report: Icebreaker To Undergo Restructuring

May 7, 2021SGB Updates

Icebreaker plans to eliminate from 40-to-50 jobs in its home country of New Zealand in a reorganization designed to better support global growth, according to the NZ Herald. (Read More)

Dorel Sports Q1 Revenues Jump 44 Percent

May 7, 2021SGB Updates

Dorel Industries Inc. reported that its Dorel Sports' segment increased 43.6 percent in the first quarter as continued strong global demand for bikes offset supply chain challenges. (Read More)

Adidas Lifts Sales Guidance Despite Lockdowns, Supply Chain Issues

May 7, 2021SGB Updates

Adidas raised its 2021 sales outlook as first-quarter revenues grew 27 percent on a currency-neutral basis and profits returned to near pre-pandemic levels. Across the company’s three strategic markets, currency-neutral sales expanded at a triple-digit rate in Greater China (+156 percent) in the first quarter and increased in the high-single-digits in both North America (+8 percent) and EMEA (+8 percent). (Read More)