TJX’s Q1 Results Beat Wall Street Expectations
TJX Cos. reported earnings and sales came in well ahead of year-ago pandemic-impacted levels and easily topped Wall Street targets. TJX’s report also indicated that Sierra Trading had 52 locations open at the close of the quarter, up from 48 a year ago.
Arizona’s First Scheels To Open Fall 2023 In Chandler
Scheels announced plans to bring its first location to Arizona, opening Fall of 2023 in Chandler. The shopping destination is planned for the Chandler Fashion Center after a full renovation and expansion of a vacant building, and will feature 220,000 square feet of retail space.
USTA Announces ‘Growing the Game’ Grants
The USTA (United States Tennis Association) announced the next phase of its funding to continue building the sport of tennis. The additional funding, with the support and services of the USTA and the 17 USTA sections amounted to a total of $50 million infused into the tennis economy by the sport’s national governing body.
Target’s Q1 Comps Jump 23 Percent
Target Corp. reported a significant hike in first-quarter earnings as same-store sales ran up 22.9 percent.
PGA Shows Sets Events For Orlando And Las Vegas
PGA Golf Exhibitions, in partnership with the PGA of America, announced several initiatives regarding its annual PGA Show and year-round programs to connect the industry and drive the golf business forward.
Patagonia Has Top Corporate Reputation In Axios Harris Poll
Patagonia sits atop the 2021 Axios Harris Poll 100 list of corporations that rank them by reputation, a 31 spot improvement from last year. Also scoring well on the list were Costco, Amazon, REI, Adidas, and Nike.
Outdoor Research Hires GM To Drive Military And Tactical
Building on its U.S. and off-shore manufacturing capabilities, Outdoor Research (OR) hired David Hein as General Manager, Military and Tactical.
Icon Source Closes $1.6 Million Funding Round
Icon Source closed a $1.6 million seed round. The funding will support the company’s expansion as it adds to its sales team, improves its digital platform and prepares to facilitate deals for college athletes on July 1, 2021.
The Running Event Partners With Running USA
The Running Event (TRE) announced a partnership with Running USA to develop and implement conference programming for race directors at the event taking place November 30 to December 2, 2021 in Austin, TX.
Macy’s Posts Surprise Profit
Macy’s Inc. reported a surprise first-quarter profit and lifted its outlook for the year.
Fila USA’s Q1 Sales Climb 25 Percent
Korea-based Fila Holdings reported Fila USA’s sales climbed 24.6 percent in the first quarter. Companywide sales rose 25.1 percent in the quarter and earnings more than doubled.
Moody’s Assigns B2 To Academy’s New Senior Secured Notes
Moody’s Investors Service assigned a B2 rating to Academy, Ltd.’s proposed term loan due 2027.
Run Show Boston Adds To Speaker Line-Up
The inaugural Run Show USA event, scheduled January 29-30, 2022,at Boston’s Hynes Convention Center, added Joe De Sena, Dave McGillivray and Chris Kostman to its roster of speakers.
Report: Authentic Brands Group Makes $1 Billion Bid For Reebok
Authentic Brands Group (ABG) last week submitted an offer of around $1 billion to acquire Reebok from Adidas, according to the New York Post. ABG reportedly plans to partner with Wolverine World Wide, the parent of Saucony, Merrell and Sperry, on the bid.
Saks.com Raises $465 Million
Saks.com LLC, the recently spun-off online operations of Saks Fifth Avenue, has closed on a syndicated $350 million asset-based five-year revolving credit facility arranged by Bank of America, N.A., and a $115 million senior secured term loan arranged by Pathlight Capital LP.
