SGB Update

February Retail Sales Increase 4.4 Percent Over Last Year

February retail sales increased 0.3 percent seasonally adjusted over January and 4.4 percent year-over-year as the economy continued to grow, the National Retail Federation said. Sporting goods stores were down 3.4 percent year-over-year but up 2.2 percent from January seasonally adjusted.

VF Corp. To Acquire Altra

VF Corp. signed a definitive purchase agreement to acquire the Altra footwear brand from Icon Health & Fitness, Inc.

Adidas Initiates Multi-Year Stock Buyback Program

With the approval of the Supervisory Board, the Executive Board of Adidas AG has decided to launch a multi-year share buyback program of up to €3.0 billion ($3.7 bn) in total until May 11, 2021.

Caleres Sees Robust Q4 Earnings Gains

Caleres Inc. reported healthy gains in earnings in the fourth quarter as Famous Footwear’s comps grew 2.8 percent and sales in its Branded Portfolio gained 13.8 percent.

Outdoor Voices Secures More Funding

Outdoor Voices, the women’s fitness apparel startup, has raised $34 million in a series C round, according to a regulatory filing.

2nd Chance Sports Appoints Anthony Sica As President

2nd Chance Sports, a non-profit organization that donates gently used and new sporting equipment to children in need throughout the New York City area, has appointed Anthony Sica as president.

Fitbit Launches Fitbit For Kids

Fitbit  introduced Fitbit Ace, an activity tracker that makes fitness fun for kids while inspiring the entire family to build healthy habits together and help fight decreasing levels of activity in children.

NSGA Welcomes Speakers To Management Conference

Speakers will include Michigan State University basketball coach Tom Izzo, Beth Porreca of USA Football, David James of Major League Baseball. The conference will also include a number of sessions focusing on how to compete with Amazon.