Sports fan apparel brand ’47 hired Steven Monti as VP of design and development, Ryan Cross as VP of merchandising and Brooke Thornton as VP of marketing.
Category: Sports/Fitness
Play It Again Sports Parent Posts Q3 Earnings Growth
Winmark Corp., the parent of Play It Again Sports, reported earnings improved 7.5 percent in the third quarter ended September 30, to $11.1 million, or $3.05 a share, from $10.4 million, or $2.93, a year ago.
Nike Launches Strength Equipment Range
Following its move to open fitness studios in partnership with FitLab, Nike has debuted Nike Strength, a line of premium strength training equipment.
Foresight Sports Partners with Awesome Golf
The golf-simulator maker owned by Vista Outdoor formed a partnership with Awesome Golf, a subscription-based maker of golf-simulation software enabling Foresight Sports’ GCQuad, GCHawk, GC3, and Bushnell Golf Launch Pro users to access Awesome Golf’s simulator software programs.
Peloton Forms Multi-Year Partnership with NBA/WNBA
Peloton signed on as an official fitness partner of the NBA and WNBA. As part of the multi-year deal, Peloton will introduce NBA- and WNBA-themed fitness classes to its members and be the first to launch content from NBA Fitness, which will be part of the NBA app.
Retail Sales Grew 3.8 Percent in September; Sporting Goods Trailing Market
The U.S. Census Bureau said overall retail sales in September were up 0.7 percent from August and up 3.8 percent year-over-year. The National Retail Federation (NRF) said the gains have moderated as consumers face continued pressures from the slowed economy.
EXEC: Adidas Ups Full-Year Guidance on Improved Preliminary Q3 Results
Adidas now expects full-year 2023 currency-neutral revenues to decline at a low-single-digit rate in 2023 compared to its previous forecast of a mid-single-digit decline. An operating loss of around €100 million is now forecast, compared to its previous estimates for a loss of €450 million for the year.
UYN Opens Academy for Research and Engineering
Italy’s Unleash Your Nature (UYN) a Trerè Innovation company, officially opened its 38,000-square-foot Academy for Research and Engineering in Apparel and Sport (AREAS) adjacent to its global headquarters in Asola.
Hybrid Apparel Appoints President, Hybrid Digital
Cypress, CA-based Hybrid Apparel hired Stephen Teglas as president of Hybrid Digital, the company’s print-on-demand apparel business.
G-Form Hires Chief Sales Officer
G-Form hired Jade Larrabee as chief sales officer at the end of October. Larrabee has held key sales roles at Fanatics, Under Armour and Nike.
EXEC: Sports Direct Parent Acquires Top Germany Sports Retailer
Frasers Group plc, the parent company of UK-based sports retailer Sports Direct, entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the top sports retailers in Germany.
Gildan to Close Salisbury Factory
Gildan Activewear plans to close its factory on Heilig Road in the Charlotte, NC, suburb of Salisbury, affecting 258 employees, according to a WARN notice first reported by the Salisbury Post.
Academy Sports to Open in Jefferson City
Academy Sports + Outdoors opened a store in Jefferson City, its eleventh location in Missouri, at 739 Stoneridge Parkway.
Topgolf Sets Opening For St. Louis-Midtown Location
Topgolf is poised to open its St. Louis-Midtown venue on October 20 at 3201 Chouteau Avenue; this will be Missouri’s second Topgolf venue in addition to Chesterfield.
Fanatics’ Debt Ratings Outlook Downgraded
S&P Global Ratings revised its debt ratings outlook on Fanatics Holdings, Inc. after the sports fan retailing giant reported meaningful margin deterioration through the first half of fiscal 2023 amid slowing consumer demand and cost pressures partly tied to strategic investments. Fanatics Commerce’s sales were approximately flat in the second quarter while Lids “experienced top line and bottom line pressures.”
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