“Fantastic Baseball” Launches with MLB as Partner and Aaron Judge as Cover Athlete
Global game developer Wemade launched “Fantastic Baseball,” a mobile game developed in partnership with Major League Baseball and endorsed by baseball superstar Aaron Judge as the cover athlete.
Revelyst Acquires PinSeeker a Golf Simulator Competition Platform
PinSeeker will be integrated into Foresight Sports, the maker of golf launch monitors and simulators, in Vista Outdoor’s Revelyst’s Precision Sports Technology platform. PinSeeker employees will relocate to San Diego, where Revelyst’s Precision Sports Technology platform is based.
EXEC: Academy Execs Break Down Q4 Hits and Misses, 2024 Outlook
Academy saw an improving comp store sales trend in its fiscal fourth quarter, and while still negative, it gave company management something to hold on to when assessing overall performance in Q4, the full year ended February 3 and planning the year ahead.
EXEC: Nike Admits it Has a Problem, and Its Solution is… Air?
The Swoosh is putting Nike Air ahead of its innovative solutions to its current stale product and sluggish sales problem. The other solution is to play nice and support those pesky retail partners now that the brand suddenly needs them again.
Algenesis Unveils Groundbreaking Biodegradable TPU Material
Algenesis’ partnership with Trelleborg underscores the material’s versatility and potential to disrupt industries ranging from aerospace applications to outdoor apparel.
Capstone Partners Releases Annual Consumer M&A Report
Personal consumption spending on services increased 7.4 percent YoY, over double the growth experienced by goods spending, the widest differential of services spending growth versus goods spending growth since 2009.
Topgolf Callaway Completes Debt Repricing
The company said it lowered its annual interest expense while maintaining the financial flexibility and liquidity needed to fund the continued growth of the business.
Currex Insoles Signs USWNT Team Captain Lindsey Horan
Sponsored Content: Currex, the leader in activity specific insoles inks agreement with Professional Soccer player, Lindsey Horan, to play in the brands Currex CleatPro insoles.
Nike Inc. Gets Wholesale Lift in Fiscal Q3 to Post Earnings Beat
Revenues for the Nike Brand were $11.9 billion, up 2 percent on a reported and currency-neutral basis, as currency-neutral growth in North America, Greater China and APLA was said to be offset by declines in EMEA.
EXEC: DSW Parent Sees Business on Right Track with New People and Processes
DBI expects net sales growth in the low-single-digits in 2024 versus 2023, even when considering the headwind of the extra week of sales in 2023. EPS is forecasted to range between 70 cents to 80 cents per share for 2024, representing a roughly 10 percent increase at the midpoint when compared to the 2023 results.
Lululemon Posted Strong Q4 Results but Guides to Slower Q1 Growth
The company’s net revenue increased 16 percent to $3.2 billion in Q4 and grew 12 percent in comparable sales terms. Diluted earnings per share were $5.29 in Q4 2023 compared to 94 cents per share in the fourth quarter of 2022.
Nike Becomes Kit Supplier for German Football Association in 2027
Adidas has been supplying German soccer with its gear since 1954, and last week it presented the new jerseys for the upcoming European Championship, which Germany is hosting this summer.
Allbirds Inc. Inks Two More International Distributor Deals
Alyasra Fashion will be the exclusive Allbirds distributor in the Gulf Countries territory, and Primer Group will distribute Allbirds products across Malaysia, Singapore, Indonesia, and the Philippines.
Academy Sports and Outdoors Sees Positive Change in Q4 Sales Trend
The retailer reported that it did not meet its own expectations for Fiscal 2023 but a trajectory change in the fourth quarter turned the frown upside down. Fourth quarter net sales were up 2.8 percent to $1.79 billion while comp store sales declined 3.6 percent for the period.
Golf Industry Veterans to Rep Sun Mountain Sports
Chivonne Wilson will represent Sun Mountain in the North Florida market. Tom Funderburk will represent Sun Mountain in the Oklahoma/Arkansas market.
