For the full year, like-for-like comp sales were up 4.2 percent, with all regions ahead of the previous year with organic sales growth of 8.4 percent.
Category: Sports/Fitness
EXEC: JD Sports Inks Partner for South Africa Expansion
The company signed a franchise agreement with Foschini Retail Group (Pty) Ltd, a subsidiary of South African retailer The Foschini Group Limited (TFG) to launch the JD brand in South Africa.
Moody’s Affirms Topgolf Callaway’s B1 Ratings, but Outlook Now Negative on EBITDA Concerns
The ratings agency said leverage is elevated due to weaker consumer demand at Topgolf than was expected a year ago and due to the company’s rapidly growing lease obligations to support the new Topgolf facility development.
Emerald Acres Sports Connection names GM for new $80M Complex
The 150-acre venue, funded by a $2 million state economic development program grant, includes multi-sport facilities, a family entertainment center and integrated hospitality and retail spaces.
Celsius Expanding to Australia and New Zealand with Suntory
Celsius selected Suntory Oceania to manufacture, sell and distribute its products in Australia and New Zealand. The company previously announced a sales and distribution agreement with Suntory Beverage & Food in Great Britain and Ireland.
EXEC: Researching Exposures & Effects from PFAS and Consumer Textiles on Human Health
The study provides insights into the measurement of PFAS in various consumer textiles and how they enter the body; however, the pattern of PFAS detection in the evaluated textiles does not fully align with reported human serum levels.
Report: 2023 Resale Grew 15X Faster than Retail
A new study found that 60 percent of consumers shop for secondhand apparel, giving them more for their money, while 55 percent said they would spend more on secondhand clothing if the economy does not improve.
EXEC: Amer Sports Majority Owner Posts Strong Year of Growing Retail Sales in China
Anta Sports, which runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and was the 53 percent majority owner of Amer Sports at year-end, reported that revenue reached another high in 2023. Anta’s stake in Amer Sports was diluted to 43 percent after the Amer IPO in February.
Pure Hockey to Open Store in Laguna Hills, CA
This will be the retailer’s fourth store in California, which also has locations in Anaheim, San Jose and San Marcos.
Report: Golf Rounds Played Rise in February, Helped by Nicer Weather in Central U.S.
National rounds of golf played in February 2024 were up 4.9 percent as warmer, drier weather in the middle of the country offset the effects of wetter, cooler weather in California and Florida.
Academy Sports + Outdoors Begins 2024 Store Expansion in Raleigh and Indy
The full-line sporting goods and outdoor recreation retailer will open 15 to 17 new stores in its fiscal 2024 year, starting with two new stores in the first quarter in Knightdale, NC and Greenwood, IN.
TRX Opens Global HQ and Training Center in Delray Beach, FL
TRX, the manufacturer of functional training products and training content, held a grand opening of its global headquarters and functional fitness gym, the TRX Training Center.
Perfect Moment Ltd. Posts Lower Fiscal Q3 Sales, Profits as Deliveries Pulled Forward
The sales decrease was said to be primarily due a substantial amount of wholesale revenue that historically was recorded in Q3 was instead accelerated into Q2 due to certain earlier-than-planned customer shipments.
Rhone Appoints Two New Board Members; will Launch First Women’s Collection in May
Bolsters its leadership team with the appointment of Athleta and CorePower Yoga veteran Tess Roering and ESPN Chairman Jimmy Pitaro.
Rally House Expands to 16 stores in Philly; Adds Storefront in Texas
Rally House opened a store at the Gloucester Premium Outlets in Philadelphia and one in Cedar Hill, TX.
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