SGB Update Apparel
Hibbett Sports To Open Second Location In Winston-Salem
Hibbett Sports announced a new location will soon be opening in Winston-Salem, its 56th store in North Carolina.
5.11 Reopens Retail Stores
5.11, Inc., the maker of technical apparel, footwear and gear, announced it is gradually reopening its U.S.-based retail stores in light of the restriction lifts surrounding COVID-19.
Burton U.S. Open Canceled
Burton Snowboards announced that due to ongoing uncertainties around COVID-19, the company has made the difficult decision to cancel the 2021 Burton U.S. Open Snowboarding Championships, which was slated to take place March 1 to 6, 2021 at Vail Mountain Resort in Vail, CO.
Big 5 Posts Q1 Loss, Sees May Sales Recovering
Big 5 Sporting Goods Corp. reported a loss in the first quarter ended March 30 that came in line with projections provided in late February and said April’s comps tumbled 39 percent due to store closures tied to the pandemic. However, May’s sales and merchandising margins are seeing an uptick as stores reopen.
Nike Announces Retirement Of John Thompson From Board
Nike Inc. announced that John Thompson, Jr., a director of the company since 1991 and legendary coach of the Georgetown University men’s basketball team, has decided to retire.
Golf Retailing Recovering
As the percentage of golf retail stores open to foot traffic continues to increase, a growing number of golfers indicate their concern for visiting physical store locations is subsiding, according to the National Golf Foundation’s latest industry-wide surveys.
Li & Fung Completes Privatization
Li & Fung Limited, the largest sourcing agent in the global apparel business, announced the company will delist from the Hong Kong Stock Exchange at the close of trading on Wednesday, marking the successful completion of its privatization process.
Adidas Partners With Yavapai College
Yavapai College in Prescott, AZ announced that Adidas will be its official uniform apparel and footwear supplier starting on July 1, 2020.
Shawnee State Partners With BSN, Nike
Shawnee State University in Portsmouth, OH entered into a multi-year partnership with Nike through BSN Sports to continue to make Nike the official apparel of SSU Athletics.
SquadLocker Appoints Chief Revenue Officer
SquadLocker, a leading uniform and custom team gear provider, appointed Jeanne Hopkins as chief revenue officer. Previously, she was chief marketing officer at travel management company Lola.com.
Afterpay Offers COVID-19 Support To Retail Community
Afterpay is teaming up with A Common Thread, an initiative led by Vogue and the CFDA, which raises funds and awareness for the American fashion community and Baby2Baby, which provides children living in poverty with diapers, clothing and all the basic necessities.
ISPO To Launch Digital Live Conference
ISPO has developed a digital live conference, ISPO Re.Start Days, for the sports and outdoor industry. The event, to be held between June 30 and July 1, will offer orientation for the “new normality” during and after COVID-19.
Descente’s Revenues Sink In Fiscal Year
Descente Ltd. reported sales dropped 12.6 percent in its fiscal year ended March 31, to Japanese ¥124.6 billion ($11.6 bn).
OBIT: Dick Lipsey
Richard “Dick” Lipsey, founder, president, and CEO of SBRnet with a long career in supporting research for the sporting goods industry, passed away on May 15, 2020 at the age of 89. Lipsey underwent bypass surgery for a heart attack and was set to return home when he contracted COVID-19.
Consumer Confidence Ticks Up In May
The Conference Board Consumer Confidence Index held steady in May, following a sharp decline in April. The Index now stands at 86.6 (1985=100), up from 85.7 in April.
