SGB Update Footwear
Authentic Brands Group Nearing Deal To Acquire Boardriders, Inc. For $1.3 Billion
Authentic Brands Group, Inc. is nearing a deal to acquire Boardriders, Inc., the parent of Quiksilver and Billabong, for $1.3 billion, sources told Bloomberg.
Camping World Closing Down Active Sports
In a regulatory filing, Camping World Holdings said it plans to “exit and restructure operations of its indirect subsidiary, Active Sports,” which includes its retail store and warehouse in Little Canada, a suburb of Minneapolis-St. Paul, MN, as well as the The-House.com website.
Dick’s SG Sees Q4 Comp Sales Up 5.3 Percent; Net Income Falls 32 Percent
Dick’s Sporting Goods, Inc. revenues increased 7.3 percent to $3.60 billion for the fourth quarter ended January 28. Comp-store sales increased 5.3 percent for Q4. Net income fell 32 percent to $236 million, or $2.60 per share, for the fourth quarter.
SGB Media Reports Most-Read Stories, Key Metrics For February 2023
SGB Media posted another strong month in February 2023, with total pageviews rising 15 percent to over 164,000 pageviews for the shortest month of the year. SGBonline.com generated over 1.7 million pageviews for the trailing 12-month period ended February 28.
Foot Locker Expands FLX Rewards Program To Canada
Foot Locker, Inc. is expanding its FLX Rewards program to Canada. The free membership program was initially launched in the U.S. in March 2020.
Sun & Ski Sports To Open Second Store In Utah
Sun & Ski Sports reported it plans to open a store in Salt Lake City following the recent opening of its first store in Park City, UT.
Ross Stores Opens 19 New Locations
Ross Stores, Inc. opened 11 Ross Dress For Less and eight dd’s Discounts stores in 13 states in February and March. Both chains expanded into existing markets, including California, Texas and Florida.
Costco Reports 7 Percent Comp Gain In Fiscal Second Quarter
Costco Wholesale Corp. reported profits rose 12.9 percent in the second quarter ended February 12 as same-store sales on an adjusted basis grew 6.8 percent.
Cleveland’s REI Workers Vote To Unionize
Workers at an REI store near Cleveland voted 27 to 12 in favor of unionizing on Friday, becoming the co-op’s third store to unionize.
Bob’s Store Opens In Watchung
Bob’s Stores relocated from its Springfield, NJ location to Watchung, NJ. The 20,000-square-foot space is located at 1501 U.S. 22.
Half-Moon Outfitters Acquired By Shoe Show
Half-Moon Outfitters, the outdoor retailer based in Charleston, SC, has been acquired by Shoe Show Inc.
Amer Sports’ Debt Ratings Upgraded
Moody’s Investors Service upgraded Amer Sports Holding 1 Oy’s debt ratings due to the company’s healthy sales and earnings improvement in 2022 and overall improving performance over the pandemic. Sales grew 22 percent currency-neutral in 2022, led by China.
Adidas Extends Deal With Union Berlin Until 2030
Union Berlin extended its kit deal with Adidas prematurely with the new deal expiring in 2030.
Bealls, Inc. Appoints New Company President
Bealls, Inc. promoted Tianne Doyle to president. Doyle joined Bealls in 1991 and has held leadership positions across the company, rising to EVP and chief merchandise officer in 2020.
Academy Sports And Outdoors Ups Quarterly Dividend By 20 Percent
Academy Sports + Outdoors, Inc.’s board of directors has declared a cash dividend with respect to the fiscal quarter ended January 28, 2023 of 9 cents per share of common stock of the company, a 20 percent increase from the previous quarterly dividend payment.
