SGB Sports & Fitness

TJX’s Q1 Tops Street Estimates

The TJX Cos. Inc., which owns T.J. Maxx, Marshalls and Sierra Trading Post, reported first-quarter earnings rose 7.1 percent to $508.3 million, or 76 cents a share, easily exceeding Wall Street’s consensus estimate of 71 cents.

Newell Brands to Establish Global HQ in New Jersey

Newell Brands Inc. (NYSE: NWL), which closed its acquisition of Jarden Corp. and its $2.74-billion-a-year sporting goods segment last month, will establish a new global headquarters in Hoboken, N.J. after securing $27 million in economic incentives from the state.

76ers Sell First NBA Jersey Ad

The Philadelphia 76ers sold their first jersey patch sponsorship to StubHub, marking the first time a major professional sports league in the United States has sold advertising on its uniform.