SGB Update Apparel
Report: Under Armour to Begin Move into New Headquarters in November
The space will also include a two-story, 30,000-square-foot Under Armour Brand House store and a two-story, 30,000-square-foot fitness performance center.
Momentec Brands Names Chairman, CFO and SVP of Product Development
Formed out of the merger of Augusta Sportswear Brands and Founder Sport Group, Momentec Brands appointed David Baxter as chairman, Mike Moore as chief financial officer, and Joel Bennink as SVP of product development. Most recently, Baxter was the president of Under Armour for the Americas Region. Bennink spent 13 years at Under Armour, where he led the growth and development across Team, Golf and Curry-branded apparel.
Lululemon Financial’s SVP Appointed Figs’ CFO
The medical apparel brand hired Sarah Oughtred, Lululemon’s SVP, financial planning & analysis since 2021, as its chief financial officer.
Super Retail Names New Chair to Replace Sally Pitkin
Super Retail Group, which owns Rebel, Supercheap Auto, BCF and Macpac in Australia, appointed Fonterra executive Judith Swales as its new Board chair replacing Sally Pitkin, who will retire from the Board after the company’s October annual general meeting.
Tommy Bahama Parent Sees Q1 Sales Decline
Continued choppiness in the market and lack of sustained positive momentum, coupled with the drop in consumer sentiment, led Tommy Bahama parent to take a more conservative outlook for the balance of the year, lowering its fiscal 2024 sales and EPS guidance.
Game-Set-Match to Open Fifth Store
Plans for the new store in Henderson, NV, include a soft opening in Fall 2024, pending store construction timing, with a grand opening in Spring 2025.
Target Raises Quarterly Dividend
The retailer reaffirmed announced a 1.8 percent increase in its quarterly dividend to shareholders, now set at $1.12 per common share, from the previous quarterly dividend of $1.10.
Patagonia Hires EMEA Marketplace Director
An outdoor veteran with over 20 years of experience in the industry, Stephan Hagenbusch, formerly at Black Diamond Equipment, assumes the role as marketplace director for the EMEA region.
Lotto Invests in Pickleball Team
Lotto announced a strategic partnership with the Brooklyn Aces, becoming the first athletic brand in the ownership group of a professional pickleball team. The Italian sports brand joined celebrity owners Kevin Durant, Rich Kleiman, Drake, and Michael B. Jordan.
BDA Acquires European Sports Merchandise Provider
Woodinville, WA-based branding giant Bensussen Deutsch & Associates completed the acquisition of UK-based sports, events and promotional products provider, The Great Branding Company.
Academy Sports’ Q1 Earnings Miss Wall Street Targets
Academy Sports and Outdoors, Inc. reported first-quarter earnings on an adjusted basis slid 20.8 percent and came in lower than analyst expectations for the second straight quarter. Same-store sales were down 5.7 percent, and gross margins were off slightly. Steve Lawrence, CEO, said, “Our customers remain under pressure in the current economic environment.”
Le Coq Sportif Parent Posts Loss In 2023
Airesis, the Swiss holding company that owns the Le Coq Sportif French sports brand and Movement skis, recorded a negative EBITDA of CHF 20 million ($22 mm) and a net loss of CHF 36 million ($40 mm) in 2023.
Waiting Period Ends In JD Sports Bid For Hibbett Sports
Hibbett, Inc. said in a regulatory filing that the Hart-Scott-Rodino waiting period for the proposed acquisition by JD Sports expired, effective June 7, removing any objections from the federal government to the deal on antitrust grounds.
Primark to Open Store in Tysons Corner
Tysons Corner Center in Tysons, VA, will open on July 16, increasing the retailer’s U.S. store count to 25 in 10 states and over 445 stores globally.
April Golf Rounds Show Slight Gain
Golf Datatech, which has agreed to be acquired by Circana, reported that the national rounds of golf played were up 0.8 percent for the month of April year over year and are up 4.2 percent in the first four months of the year.
