SGB Update

Tiger Woods, Rory McIlroy And Mike McCarley Form TMRW Sports

Tiger Woods, Rory McIlroy, and veteran sports industry executive Mike McCarley founded TMRW (Tomorrow) Sports, a technology-focused startup that feature progressive approaches to sports, media, and entertainment. Dick Ebersol is an initial investor.

Academy Sports + Outdoors Opens 12th Store In Atlanta

Academy Sports + Outdoors opened its newest store in Atlanta, GA, its 12th location in the metro area and 20th in the state. Georgia. The 50,200 square-foot store is located at 130 Perimeter Center West in the Perimeter Square Shopping Center.

Les Mills Adds Two Executives

Les Mills has hired Amber Taylor as chief digital product officer and Luke Waldren as chief customer officer.

Clarus’ Top Shareholders To Increase Ownership Stakes

The Board of Directors for Clarus Corp. approved the respective requests of two of its largest shareholders, Brown Advisory Inc. and Greenhouse Funds LLP, to increase each of their respective beneficial ownership in Clarus to up to an aggregate of 12.5 percent of the company’s outstanding shares of common stock.

Vista Outdoor Closes Acquisition Of Simms Fishing Products

Vista Outdoor, Inc. announced the closing of its acquisition of Bozeman, MT-based Simms Fishing Products for a purchase price of $192.5 million, which includes a net present value of roughly $20 million in future tax benefits.

Macy’s Cuts Outlook Despite Q2 Beat

Macy’s, Inc. reported earnings and sales beat Q2 analyst views but reduced its outlook, citing weaker discretionary spending and the need to take markdowns to clear elevated inventories.

AGM Global Vision Opens Distribution Center In Texas

AGM Global Vision, based in Springerville, AZ, is opening a distribution center in Grand Prairie, TX. Due to growth in the thermal and night vision category, plans were discussed to open a larger more industry-central location earlier this year.

Canada Goose Appoints President, China

Canada Goose announced it had hired Larry Li as president, China, effective immediately. Most recently, LI was managing director, China at Dunhill, part of the Richemont Group.

Dick’s Sporting Goods Boosts 2022 Outlook As Q2 Tops Analyst Targets

Dick’s Sporting Goods reported second-quarter earnings and revenue that topped Wall Street estimates. The retailer raised its full-year EPS guidance and also increased the low end of its full-year comparable store sales guidance. Ed Stack, executive chairman, said in a statement, “The state of our industry is strong, and we remain in a great lane.”

Sportsman’s Warehouse Adds Board Member

Sportsman’s Warehouse Holdings, Inc. appointed Nancy Walsh as an independent Class III director to its Board of Directors and a member of its Audit and Compensation Committees.