Big 5 Sporting Goods reported second-quarter results that came in line with an upbeat forecast given on July 9. The West Coast retailer also said the strong recovery in sales seen in the latter part of the second quarter has accelerated in the third quarter with same-store sales increasing 31.9 percent in July.

J.C. Penney is reportedly close to accepting a $1.75 billion bid from Sycamore Partners to acquire the company in an auction in bankruptcy court. Sycamore intends to merge Penney with Belks, which operates 300 department stores mostly in the South.

Nike promoted Felicia Mayo, to head a newly formed team as chief talent, diversity and culture officer, replacing Kellie Leonard, who is leaving to pursue other interests. The promotion of Mayo will add a Black woman to Nike’s leadership team.

Running USA announced that Rich Harshbarger will be stepping down as CEO of Running USA effective August 1 as the organization has “determined that it is time for new leadership.” He has been CEO since 2014. 

Dick’s Sporting Goods has partnered with TikTok’s Nicole Laeno, actor Miles Brown and NBA Stylist Calyann Barnett on a 30-second digital spot, “Your Day Starts Here,” supporting back-to-school fashions.

S&P Global Ratings downgraded the ratings of Iconix Brand Group to ‘CCC+’ from ‘B-‘ on the elevated likelihood for a debt restructuring. The outlook is negative.

Under Armour has signed Bella Alarie and Tyasha “Ty” Harris, both recently drafted by the rising Dallas Wings, and fellow WNBA rookie Kaila Charles of the Connecticut Sun to its team of ambassadors.

Under Armour Inc. said it will commit to ensuring 12 percent of its employees at the director level or higher are Black by 2023 as part of a series of initiatives “to support a more diverse and inclusive future.”