SGB Update Apparel
Under Armour Retains Oberalp for Swiss Distribution
Since becoming its Italian distributor, Under Armour’s sales in Italy have expanded from €8 million to €50 million ($54 mm). Over the last years, the South Tyrolean group has been growing Under Armour’s business in the wholesale channel.
Dick’s SG Sets Store Opening in Houston Suburbs
Dick’s Sporting Goods announced plans to open a Dick’s store at Atascocita Commons in Humble, TX in early November. Humble is located in the Houston metro area.
SFIA Elects Rawlings’ Mike Zlaket as Board Chairman
Zlaket is the CEO and member of the Board of Directors for Rawlings Sporting Goods. As chairman of the Sports & Fitness Industry Association (SFIA) Board of Directors, his one-year term begins effective immediately.
Bass Pro to Open Location in Corpus Christi
The announcement came during a news conference led by local Bass Pro officials and Corpus Christi Mayor Paulette Guajardo. The opening is planned for 2025 and will be the retailer’s 21st in the state.
Nike Expected to Face Competition for Next NFL Uniform Contract
The NFL uniform and apparel rights, which Nike has controlled since 2012, are up for renewal for the 2028 season. Bidding is “open and active,” with “several” companies vying for the contract. Nike took over the NFL contract from Reebok in 2012 and renewed it in 2018.
Academy Sports to Open Location in Meridian, MS
The new store will open on November 11, in time to make the Holiday shopping season. The 55,000-square-foot space at the Meridian Crossroads shopping center will be the retailer’s ninth store in Mississippi.
Fanatics Commerce’s Debt Ratings Lowered on Weak Q2 Results
Moody’s Ratings downgraded Fanatics Commerce’s debt ratings as second-quarter results for the online retailer of licensed sports merchandise showed EBITDA and free cash flow remained negative.
Survey: SMB Retailers Optimistic on In-Store Holiday Shopping
The 5th Annual State of Small Business Survey by Verizon Business revealed that 52 percent of small and medium-sized businesses and retailers are gearing up for an in-store holiday season, an increase of 13 points from 2023.
ICSC Holiday Survey Sees Consumers Spending the Most Since 2018
ICSC also released its forecast for the Holiday selling season based on results gathered in its Annual Holiday Shopping Intentions Survey. It indicates that retail sales are expected to grow from 3.0 percent to 3.5 percent.
Needham Hires Tom Nikic as Apparel and Footwear Analyst
Needham & Co. has hired Tom Nikic, a veteran analyst in the active lifestyle space, as managing director, equity research, apparel & footwear.
TSG Consumer Partners Appoints Managing Director
TSG Consumer Partners announced the expansion of its portfolio operations group, TSG Vantage and appointed of Brian Crandall as managing director.
REI Sets Opening of First Kentucky Store
The store, located in the Paddock Shops in Louisville, KY, with a footprint of approximately 31,100 square feet, will open on November 8. It offers online pickup in-store and at curbside and employs 50 people.
Rural King Opens its First Store in Georgia
The store boasts a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
BOA and Primaloft Parent Launches Stock Buyback Program
Compass Diversified, owner of BOA, Primaloft, 5.11 Tactical, Velocity Outdoor and other active lifestyle brands, said its board authorized the repurchase of up to $100 million of stock.
Deloitte Forecasting 8 Percent Bump in 2024 Holiday Season Spending
The firm reported that consumers will bargain shop even if it means choosing value over loyalty. The business advisory firm also sees a ramp up in experience gifting to more than offset flat sales in traditional merchandise.
