Shares of Target fell $23.51, or 13.1 percent, to $155.47 Wednesday after the chain reported third-quarter profits plunged 52 percent and warned of a sluggish holiday, blaming inflationary pressures and a deteriorating economic outlook.
Category: Sports/Fitness
Play It Again Sports Parent Appoints Board Member
Winmark Corp., the parent of Play It Again Sports, named Amy C. Becker to its Board of Directors.
Fanatics Partners With UK’s Next
Fanatics and Next, the UK-based online retailer, entered into a long-term connected inventory partnership to broaden Fanatics’ officially-licensed sports merchandise assortment sold at Next.co.uk.
BSN Sports Acquires Donnelley Sports
BSN Sports has acquired Donnelley Sports, located in Twin Falls, ID.
Peloton Expands Relationship With Amazon In The UK And Germany
Peloton Interactive, Inc. expanded its collaboration with Amazon. The Peloton Bike, Guide and select accessories are being sold in Amazon’s UK store. Peloton will also launch its business in Amazon’s German store in the coming weeks.
On Again Lifts Guidance Following Strong Q3
On Holding AG raised its full-year outlook again after reporting earnings in the third quarter ended September 30 grew 20.5 percent on an adjusted basis on a 50 percent sales gain.
Katie O’Donohue Re-Joins SGB Media As Associate Publisher
SGB Media, LLC has announced that Katie O’Donohue has joined the company as Associate Publisher, effective immediately.
Nike Announces 11 Percent Increase In Quarterly Dividend
Nike Inc. announced that its Board of Directors approved a quarterly cash dividend of 34 cents per share on the company’s outstanding Class A and Class B Common Stock.
Planet Fitness Sets Three-Year Growth Target
During Planet Fitness’ first investor day, the company provided its three-year annual financial targets that call for annual growth in the low- to mid-teens in revenue, high-teens in adjusted EBITDA, and low- to mid-twenties in adjusted earnings per share.
Inpiretek Names Chief Executive Officer
Inpiretek, a wellness management system for youth athletes based in Brisbane, Australia, hired Rodney Rapson as CEO.
3Step Sports Names CEO
3Step Sports, the youth sports club and event operator, hired Tania King as CEO. Founder David Geaslen moves into the chairman role.
Dick’s SG Supply Chain Chief Retires
Dick’s Sporting Goods said in a regulatory filing that Donald J. Germano, EVP, stores and supply chain, retired from his position.
Nike Sued By Odell Beckham, Jr.
NFL wide receiver Odell Beckham, Jr. is suing Nike for refusing to pay him royalties and violating their contract, according to the Portland Business Journal.
Academy Sports To Open Two Stores In West Virginia And Florida
Academy Sports + Outdoors is opening new stores in Barboursville, WV and Tampa Bay, FL, with grand opening events held from November 18 to November 20.
Fila Sees Higher Sales But Lower Profits For 2022
Fila Holdings Corp.’s earnings were down in the third quarter on lower margins. Sales grew modestly as declines for the Fila brand, including a sharp drop in the U.S., were offset by healthy gains for Acushnet, the parent of Titleist and Footjoy. Fila raised its sales outlook for the year but lowered its earnings guidance.
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