SGB Update

Manchester United And Alibaba Group Announce New Partnership

Manchester United announced a new partnership with Alibaba Group that will bring exclusive rights to club content in China to Alibaba’s ecosystem for the first time, further extending the club’s engagement with its massive Chinese fanbase.

RECALL: Trek Super Commuter+ 8S

About 2,840 Trek Super Commuter+ 8S bikes are being recalled, according to a statement from the U.S. Consumer Product Safety Commission.

Genesco Lifts Full-Year Guidance On Journeys’ Q3 Momentum

Genesco Inc. raised its outlook for the year after reporting third-quarter profit and same-store sales rose above expectations.
Among its segments, same-store sales grew 4 percent at Journeys and improved 3 percent for Schuh while falling 6 percent at Johnston & Murphy.

Report: Kering In Talks To Acquire Moncler

Kering, the parent of Gucci and Balenciaga, is in exploratory talks to acquire the Italian skiwear brand Moncler, according to a report from Bloomberg.

Adidas Partners With Fresno State Athletics

Fresno State Athletics announced that Adidas will replace Nike as its official athletic footwear, apparel and accessory brand in a 6-year partnership through the 2026 season. The agreement is effective June 1, 2020.

True Sports Acquires Aerotech Golf Shafts

True Sports, the parent of True Temper, Project X and ACCRA, has acquired Aerotech Golf, a designer and distributor of high-end composite golf shafts.

Zumiez Notches Another Quarter Of Positive Comps

Zumiez Inc. on Thursday reported comparable sales for the third quarter ended November 2 increased 5.5 percent, up from a 4.8 increase in the year-ago quarter and the 13th straight quarter of positive comps.

AOBC Beats EPS Estimates in Fiscal Q2 As Spinoff Looms

American Outdoor Brands Corp. on Thursday reported non-GAAP net income for the fiscal second quarter ended October 31 of $5.2 million, or 9 cents per diluted share, down from $11 million, or 20 cents per diluted share, in the year-ago period. EPS topped Wall Street’s estimates by 2 cents.

Picture Organic Clothing Certified As B Corp

Picture Organic Clothing, makers of recycled, organic, and bio-sourced products for board sports, announced Thursday it has earned B Corp certification, a distinction for companies committed to making environmental and social responsibility a core part of their business operations.

The Buckle’s November Comps Dip

The Buckle Inc. announced Thursday that comparable store net sales, for stores open at least one year, for the 4-week period ended November 30, 2019 decreased 1.6 percent from comparable store net sales for the 4-week period ended December 1, 2018.

Yakima Acquires Road Shower

Yakima, a maker of recreational cargo management solutions and outdoor specialty products, announced Thursday that it has completed an asset acquisition of Road Shower, the on-vehicle outdoor recreation water transport system. Financial terms of the deal weren’t disclosed.