ATSports, Inc. (Acrytech), the manufacturer of surface coatings for tennis, pickleball, basketball courts, and track fields, reported a strategic merger with Ace Sport Surfaces and launched its ATSports installation training division.
Category: Sports/Fitness
Cycloc, the Bike Storage Solution Company, to Close
London-based wall-mounted bike storage company Cycloc reported it would cease production, with its founder, Andrew Lang, citing the impact of Brexit as one of the principal reasons.
Rally House Opens in Dallas
Rally House opened its first store in Dallas, TX. Rally House Cityplace Market opened on the north side, off US-75 and Lemmon Avenue.
Record Traffic Forecasted for Thanksgiving Holiday Weekend
An estimated 182 million U.S. consumers plan to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is 15.7 million more consumers than last year and is the highest estimate since the NRF started tracking the data in 2017.
TYR Sport Opens Second Store in Costa Mesa
TYR Sport announced the opening of the swim brand’s second store in South Coast Plaza in Costa Mesa, CA. TYR Sport’S first-ever brick-and-mortar store opened last month at Roosevelt Field Mall in Garden City, NY.
EXEC: Gap Sees Athleta’s Recovery Taking Longer Than Planned
Athleta’s sales declined 18 percent in the third quarter against “heavy discounting” a year ago and are expected to decline double-digits in the fourth quarter as the retailer’s recovery from recent fashion miscues has taken longer than expected.
Fleet Feet Expands Kentucky Footprint with Louisville Store
Fleet Feet reported it plans to open a second store in Louisville, KY, in November in Fern Creek’s Cedar Creek Crossing Shopping Center.
HanesBrands Appoints Three New Independent Directors
HanesBrands announced that it has appointed Colin Browne, Natasha Chand and John Mehas as independent directors to the Board, effective immediately. It also reached a cooperation agreement with Barrington Capital Group, an activist investor group.
Athleta’s Q3 Sales Tumble 18 Percent
Gap, Inc. reported sales at its Athleta banner were down 18 percent in the third quarter to $279 million with same-store sales sliding 19 percent.
Dick’s SG’s Chief Comms and Sustainability Officer Announces Retirement
Dick’s Sporting Goods Chief Communications and Sustainability Officer Peter Land announced his retirement after three years working for the retailer. Dick’s declined to comment on his departure.
Life Time Opens Club and Co-working Facility in Houston
Life Time opened Life Time Shenandoah and Life Time Work Shenandoah, the company’s 31st athletic country club in Texas and third coworking space in Houston.
Skechers Responds to Nike Patent Lawsuit
Skechers U.S.A., Inc. said it will vigorously defend a patent lawsuit filed by Nike., Inc. in California Federal Court on November 6, in which claims Skechers’ Ultra Flex and Glide Step, among other shoe models, infringed on patents for its Flyknit upper technology for running, soccer and basketball shoes.
Walmart Raises Outlook as Q3 Surpasses Analyst Targets
Walmart raised its annual sales and profit forecast for the second straight quarter after third-quarter exceeded analyst estimates. Sales in the quarter grew 5.2 percent with strength across segments and comps rising 4.9 percent for Walmart U.S.
Baird Sees Reawakened Investment Opportunity For Team Sports
In a recent analysis from Baird, the investment firm and financial services company forecasted that tech advances, improved player performance and safety features, elevated traditional and social media exposure, and other economic factors will accelerate the future of team sports participation, benefiting from both the sporting goods industry and its investors.
Shoe Carnival Again Reduces Guidance, Blames Hot Weather
Shoe Carnival, Inc. reduced its annual guidance for the third straight quarter after reporting sales softened after Labor Day in part due to unseasonably hot weather in September and October. Same-store sales declined 7.4 percent in the quarter and are expected to decline in the range of 9 percent to 12 percent in the fourth quarter.
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