SGB Update Apparel

Nike Acquires Data Analytics Leader Zodiac

Nike Inc. announced it has acquired Zodiac Inc., a leading consumer data analytics firm based in New York City and Philadelphia, as it accelerates its Consumer Direct Offense strategy to serve consumers faster and more personally at scale.

TYR Sport Re-Signs Craig Alexander

TYR Sport announced the re-signing of 3X Ironman and 2X Ironman 70.3 World Champion Craig “Crowie” Alexander to its roster of sponsored athletes.

JD Sports Agrees To Acquire The Finish Line

The Finish Line, Inc. announced that it has entered into a merger agreement providing for JD Sports Fashion Plc (JD.L) to acquire 100 percent of the issued and outstanding Finish Line shares at a price of $13.50 per share in cash representing an aggregate deal value of approximately $558 million.

Nike Seeing “Significant” North America Reversal

Nike Inc.’s earnings in its third quarter ended February 28 came in well-ahead of Wall Street guidance while sales were slightly ahead. North American sales were down 4 percent in the period but Mark Parker, president and CEO, said the company is seeing “a significant reversal of trend in North America, as momentum accelerates through the scaling of new innovation platforms and differentiated Nike Consumer Experiences expand across the marketplace.”

Easter Spending Expected To Be Second Highest In NRF Survey History

Easter spending is expected to total $18.2 billion this year, almost on par from a record $18.4 billion in 2017 but still the second-highest level on record, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.

Dick’s CEO Pens Op-Ed Urging Congress To Act On Guns

In an op-ed in the Washington Post,  Ed Stack, CEO of Dick’s Sporting Goods, urged Congress to pass stricter gun laws. He wrote in part, “The majority of Americans are demanding that members of Congress take a stand and be brave enough to do their jobs.”