USA Cycling Appoints New CEO
USA Cycling appointed cycling industry veteran and USA Cycling Chairman of the Board, Brendan Quirk, to be its next CEO, replacing Rob DeMartini.
Shoe Carnival Adds Same-Day Delivery
Shoe Carnival Inc. has launched same-day delivery, in partnership with DoorDash, a first in the family footwear channel.
Academy Sports Appoints Board Member
Academy Sports and Outdoors Inc. announced the appointment of Chris Turner to its Board of Directors and Audit Committee. With this change, Academy’s Board now comprises ten directors. Turner has served as the chief financial officer of Yum! Brands since 2019.
Under Armour’s Debt Ratings Upgraded
Moody’s Investors Service upgraded Under Armour, Inc.’s debt ratings due to better-than-expected revenue and earnings growth. Mike Zuccaro, Moody’s vice president, said, “”With improved profitability, a much stronger balance sheet and very good liquidity, the company is well positioned to weather the lingering effects of the pandemic.”
OBIT: NSGA’s Paul Prince
Paul Prince, who was a prominent figure at the National Sporting Goods Association (NSGA) and in the sporting goods industry for four decades, passed away after a battle with cancer on December 14, 2021. Prince was 82.
Adidas Originals To Launch Debut NFT Collection
Adidas announced the launch of the company’s first Adidas Originals NFT collection. The drop is in partnership with the Bored Ape Yacht Club (BAYC), the cryptocurrency investor Gmoney and the comic series Punks Comics.
Pelé Soccer Store Opens At Downtown Disney District
Pelé Soccer celebrated its grand opening at downtown Disney district at the Disneyland Resort.
Adidas To Initiate €4 Billion Share Buyback Program
The Executive Board of Adidas has launched a multi-year share buyback program. Starting in January 2022, the company plans to buy back shares in an amount of up to €4 billion until 2025.
Retail Trade Groups Applaud Congressional Ban On Goods From Xinjiang
Retail Trade Groups, including American Apparel & Footwear Association (AAFA) and National Retail Federation (NRF), issued a joint statement cheering Congressional passage of the Uyghur Forced Labor Prevention Act, H.R. 6256, which bans the import of goods from areas of China allegedly using forced labor.
Skechers Expands Senior Unsecured Credit Facility Up To $1 Billion
Skechers USA Inc. announced that it has expanded its senior, unsecured credit facility to $750 million, which retains a $250 million accordion feature.
REI To Open Store In Glenwood Springs
REI Co-op will open a new store in Glenwood Springs, CO in summer 2022.
Scheels Secures Naming Rights For Legacy Sports Complex
Scheels has secured the naming rights for the multi-use sports facility that is under development in the vicinity of its store in the Legacy Pointe Town Center in Springfield, IL.
CriticalPoint Capital Completes Sale Of JackRabbit To Fleet Feet
Affiliates of CriticalPoint Capital, LLC announced the closing of the sale of JackRabbit to Fleet Feet.
November Retail Sales Put Holiday Season On Track To Set New Records
Retail sales continued to grow in November, putting the 2021 holiday season on the home stretch for record spending despite inflation, supply chain disruptions and COVID-19, the National Retail Federation said.
Reebok Secures India Licensee
Aditya Birla Fashion and Retail Ltd (ABFRL) has signed a long-term licensing agreement with Authentic Brands Group (ABG) to distribute and sell Reebok products in India and other ASEAN (Southeast Asian) countries.
