Spending during the Thanksgiving week period is expected to be up 13 percent from last year, with shoppers expected to spend an average of $567 during the Black Friday-Cyber Monday (BFCM) shopping events, according to Deloitte’s 2023 Black Friday Cyber Monday Survey.
Category: Sports/Fitness
Xponential Fitness Hits Major Milestone
Xponential Fitness, Inc. opened its 3,000th studio, with the debut of CycleBar Loveland located in Fort Collins, CO.
Kohl’s Sees Q3 Comps Down 5.5 Percent; Narrows Full-Year Guidance
Kohl’s reported fiscal third quarter net sales decreased 5.2 percent year-over-year, to $3.8 billion, with comparable sales down 5.5 percent. In other news, Dave Alves, who joined the retailer as president and COO in late February, has left the company.
Dick’s SG Lifts Guidance as Q3 Results Fly Past Expectations
Dick’s Sporting Goods raised its outlook for the year after reporting sales and earnings easily topped analyst targets with the help of healthy back-to-school selling. Same-store sales in the quarter improved 1.7 percent with gains in transaction and average ticket prices.
Hibbett Sports Shares Jump in Early Trading as Retailer Raises Guidance
Fiscal third quarter net sales decreased 0.3 percent to $431.9 million, compared with $433.2 million for the corresponding period in 2022. Comparable sales decreased 2.7 percent year-over-year. HIBB shares were up nearly 17 percent in pre-market trading
New Balance Breaks Ground on Londonderry Factory
New Balance broke ground on its sixth U.S. athletic footwear manufacturing plant in Londonderry, NH.
Fanatics Partners with Minnesota Timberwolves and Lynx
Fanatics announced a partnership to become the Minnesota Timberwolves and Minnesota Lynx. Fanatics will take over the official e-commerce business for both teams, and also operate the in-venue retail touchpoints on gamedays at Target Center.
Ciele Athletics Hires Nike Vet as Head of N.A. Sales
Montreal-based performance apparel and accessories brand Ciele Athletics hired running industry veteran Scott Gravatt as head of sales for the U.S. and Canada. Gravatt joins the company following a 15-year tenure at Nike.
Report: Consumers Expected to Spend $130 Billion During Holiday Weekend
According to the latest International Council of Shopping Centers (ICSC) Thanksgiving Weekend Intentions survey, consumers will spend $130 billion during the upcoming holiday shopping weekend, a 4 percent increase from last year’s spending expectations.
Nike Tops List of Brands Supporting Women’s Sports
A survey conducted by Aggregate Sports found Nike to be the top brand respondents felt supported women’s sports the most, followed by Gatorade and Coca-Cola.
Sacks Parente Golf Expands into Golf Club Shafts
Sacks Parente Golf, Inc. expanded its product portfolio, adding a business division, Newton, the company’s entry into golf club shafts. SPG manufactures the golf shafts in its St. Joseph, MO factory and includes a shaft adapter and grip, a Lamkin Crossline 360.
Able Carry adds Thirteen Daybag to 2024 line
Originally made as a smaller companion to Able Carry’s Daily Backpack, the Thirteen Daybag offers a compact silhouette, maintaining its shape empty or full and is slightly taller with 13 liters of space.
ATSports Merges with Ace Sport Surfaces
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.
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.
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