Academy Sports’ Debt Ratings Outlook Raised
S&P Global Ratings revised its debt rating outlook for Academy Sports + Outdoor, Inc. following a debt repayment. The positive rating outlook reflects the potential for an upgrade if Academy consistently performs during an uncertain economy while sustaining low S&P Global Ratings-adjusted leverage of about 1x.
Report: U.S. Outdoor And Sports Toy Category Sales Fall 11 Percent In 2022
The NPD Group reported that U.S. retail sales of toys generated $29.2 billion in 2022, a decrease of 0.2 percent.
Giant Group Acquires Minority Stake In Stages Cycling
Giant Group, headquartered in Portland, OR, acquired a 32.5 percent stake in Stages Cycling, a maker of stationary smart bikes for the commercial gym and home markets and crankarm-based power meters.
BRC Report: Fewer Retail Vacancies Seen In Q4 2022
The British Retail Consortium is reporting that the overall GB retail vacancy rate improved to 13.8 percent in the fourth quarter of 2022.
Hurley x Nascar Partner On Apparel Line
Hurley and Nascar collaborated on a collection of men’s and women’s beach and surf apparel. Two racing-themed product lines will drop during this year’s Nascar 75th anniversary season.
JD Sports Reports Cyber Security Issue Includes Customer Data Access
JD Sports Fashion Plc, the parent company for Finish Line, Shoe Palace and DTLR, among others, has been the target of a cyber incident that resulted in unauthorized access to a system that contained customer data relating to online orders placed between November 2018 and October 2020.
Dick’s SG Closes Midwest City Location
Dick’s Sporting Goods has closed its location in Midwest City, OK.
University Of Michigan Reports Consumer Sentiment Recovery In January
Consumers are feeling better about the economy for the second month, according to The University of Michigan’s closely watched Consumer Sentiment Index, which measured 64.9 for January, up slightly from the preliminary reading of 64.6 earlier this month and up from 59.7 in December.
Sapphire Sport Venture Fund Raises $181 Million
Sapphire Sport, a venture fund, raised $181 million from a group of investors, including Adidas, Sinclair Broadcast Group, Madison Square Garden Sports, Arctos Sports Partners, City Football Group, and AEG Worldwide.
Nike Opens Store In Hoboken
Nike opened a Nike Live store in Hoboken, NJ.
Enve Names New General Manager
Enve Composites, owned by Amer Sports, hired Mike Stimola as general manager.
Vista Outdoor Resets Action Sports Platform
Vista Outdoor announced internally that the company had realigned its cycling, snow and powersports platform, according to a media statement attained by SGB Media.
Vuori Becomes Apparel Partner For Exos
Exos, the coaching and corporate wellness company, signed a deal with Vuori making it the brand’s exclusive performance apparel partner.
Sport Chek To Close Store In Edmonton City Centre Mall
Sport Chek is closing its location at the Edmonton City Centre Mall, according to the Edmonton Journal.
Golftec Opens Location In Connecticut
Golftec opened an instruction and club fitting center in Trumbull, CT.
