Wolverine World Wide, Inc. reported it intends to improve operating performance, fuel global growth and enable future investments into Sweaty Betty, the women’s activewear brand it acquired in August 2021.
Category: Sports/Fitness
USA Cycling Names New National Team Coaches and Directors
USA Cycling added three members to the Sports Performance staff. Craig Griffin is the new senior director of Track, Tanner Putt is the director of Road and German Medina is the BMX Racing National Team coach.
NRF Forecasts Mid-Single-Digit Retail Sales Growth In 2023
The National Retail Federation issued its annual forecast today, anticipating that retail sales will grow between 4 percent and 6 percent in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion in 2023.
Dick’s SG To Open Store In Minnesota’s Rosedale Center
Dick’s Sporting Goods is opening an 80,000-square-foot store at Minnesota’s Rosedale Center. Poag Development Group, overseeing the construction of the store, formerly occupied by a Herberger, reported the news in a press release.
Outerstuff’s Debt Ratings Downgrade On Potential Default
S&P Global Ratings downgraded the debt ratings of Outerstuff LLC on an increasing likelihood of a default.
Massage Envy Names Chief Development Officer
Massage Envy hired Erich Melsheimer as chief development officer. He was Planet Fitness’ vice president of global real estate.
Adidas Retracts Opposition To BLM Trademark Application
Adidas AG, on Wednesday, reversed course 48 hours after asking the U.S. Trademark Office to reject a Black Lives Matter application for a trademark featuring three parallel stripes, according to Reuters.
Compass Diversified Re-Works Board As Sally McCoy Plans Departure
Compass Diversified (CODI), owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, announced that its Board of Directors had nominated a new director candidate for election at its 2023 Annual Meeting of Shareholders on May 25.
Lululemon’s Q4 Profits Drop On Mirror Impairment Charge
Lululemon Athletica Inc. reported a sharp decline in earnings for the fourth quarter due to an impairment charge of $442.7 million related to its Mirror connected-fitness business. Earnings on an adjusted basis grew 31 percent as comparable-store sales jumped 27 percent, topping analyst targets.
The Pro’s Closet Rebrands As TPC
The Pro’s Closet, the certified pre-owned bike dealer, rebranded as TPC.
K-Swiss To Sponsor Pickleball Slam
K-Swiss reported it signed on as a sponsor of the 2023 inaugural Pickleball Slam on April 2 at the Hard Rock Live at the Seminole Hard Rock Hotel & Casino in Hollywood, FL.
Varsity Brands To Pay $43.5M In Antitrust Settlement
Varsity Brands has agreed to pay $43.5 million to settle a federal lawsuit that the student apparel company and producer of cheerleading events abused its industry dominance, causing private gyms and spectators to pay artificially inflated prices.
Drive Shack Announces $26.5 Million Term Loan Facility
Drive Shack, Inc. announced today that it had obtained a $26.5 million senior secured term loan facility to fund the construction of its Puttery venues currently in development.
Rally House To Open Another Pittsburgh Store
Rally House has become a pillar of the Pittsburgh sports community in recent years. The retailer reported it intends to open a new store in the Monroeville area. Rally House Miracle.
Titleist Parent CFO To Resign
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported that Thomas Pacheco, its EVP, CFO and chief accounting officer, intends to resign, effective August 15, 2023, to pursue other interests.
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