PGA Tour Superstore Owner Grants $10M to Non-Profit The First Tee
Arthur Blank, owner and chairman of the Blank Family of Businesses and the Arthur M. Blank Family Foundation, joined First Tee as a National Trustee in 2011. Since then, support from Blank’s PGA Tour Superstore and the family’s foundation has helped fuel the growth of First Tee’s programs.
Life Time Closes on $150 Million Sale-Leaseback Transaction
The company has closed on its sale-leaseback transaction of three properties for approximately $150 million in gross proceeds. Terms were reportedly similar to previous transactions.
Report: Dick’s SG Seeking Orland Park Financial Support for New House of Sports Project
The sporting goods retailer is looking to convert a 200,000-square-foot former Sears anchor space at the Orland Square shopping center, in a Chicago suburb, which has been empty since 2018.
EXEC: Wall Street Remains Skeptical of Any Nike Recovery in Fiscal Q4
Analysts expect Nike, Inc. will meet or exceed conservative guidance when it reports earnings for the fiscal fourth quarter ended May 31 on Thursday evening, June 24; however, results will again be well below year-ago levels.
Life Time Inks Lease Agreement for Urban Country Club at 10 Bryant in NYC
The planned four-floor 52,000-square-foot Life Time athletic club will be housed within the 30-story tower located directly across from Bryant Park and the New York Public Library.
Eastside Golf Expands Into Australia and New Zealand with New Distribution Deal
The brand’s regional debut includes a soft launch of its Core collection. TheFall 2025 collection will be its first full seasonal prebook in the market, supported by a curated group of golf, streetwear and lifestyle retailers.
JD Sports Opens First Canadian Flagship
The Robson Street store is JD’s first exterior street-front location in Canada and features the largest LED display in JD’s Canadian footprint, a DJ booth, and shop-in-shops for Nike, New Balance and Adidas brands.
Dick’s SG Sees Strong Response to Foot Locker Debt Exchange Offer
The retailer reported that 92.5 percent of Foot Locker’s note holders have agreed to exchange their debt for Dick’s notes as part of an early tender offer. The debt swap supports the retailer’s acquisition of Foot Locker.
Belgian Cycling Factory Retains New International Distributors
The owner of bike brands Ridley, Eddy Merckx, Nukeproof, and Aeres, signed with several new distribution partners across Europe, the Middle East, the Americas, and Asia.
Castore Partners with English Rugby Club Leicester Tigers
The deal will see the British sportswear brand providing the club with player kits, training wear and athleisure for the men’s, women’s, wheelchair, and academy squads. Castori will launch its first range of products for the Leicester Tigers this August, ahead of the new season.
EXEC: Bain Study Sees Luxury Sector Facing Soft Second Half
Luxury consumption is expected to contract 2 percent to 5 percent for the year, according to a recent report from Bain & Company, across key luxury categories, as price fatigue and macroeconomic turbulence continue to weigh on consumers
Nike Board Member Plans to Retire from Board
Cathleen Benko, a former leader in Deloitte’s “Digital Giants” practice, plans to retire as a member of Nike’s Board of Directors, effective as of the company’s 2025 annual meeting of shareholders.
Fanatics Establishes Operations in the Middle East
The Middle East office in Doha, Qatar will serve as a hub for operations across the Fanatics enterprise and host members from various departments.
Fabletics Appoints President and Chief Marketing Officer
The operater over 100 stores, announced the expansion of Meera Bhatia’s role from chief operating officer to president and chief operating officer and the promotion of Carly Gomez to chief marketing officer.
Tom Brady Unveils Hall of Excellence at Fontainebleau Las Vegas
The first-of-its-kind museum features artifacts celebrating the moments, milestones, people, and plays in sports that have inspired generations. It officially opens to the public on Friday, June 20.
