SGB Update

Peloton Launches Products, Apparel And Accessories In Amazon’s U.S. Stores

Peloton Interactive, Inc. announced that the Peloton Bike, Guide, select accessories, and apparel are selling through Amazon’s U.S. stores, with Bike delivery available to most of the U.S. The arrangement marks Peloton’s first wholesale partner. Until now, Peloton relied on its website and physical showrooms.

Anta Sports Sees 13 Percent Growth In Six Months

Hong Kong-based Anta Sports Products Limited reported a slight decline in profits in the six months ended June 30 as lower gross margins offset a 13.8 percent climb in sales. Amer Sports showed a 23.2 percent sales gain.

Nordstrom Slashes EPS Outlook As Traffic Slows

Nordstrom, Inc. significantly reduced its EPS guidance for the year due to a decline in customer traffic beginning in late June, mainly at Nordstrom Rack, and expectations that promotions would be required to clear elevated inventories in the second half.

Caleres Sees Second-Quarter Sales Climb 9.3 Percent

Caleres saw sales expand 9.3 percent in the second quarter that ended July 30 as a 35.6 percent increase in its Brand Portfolio segment offset a 3.8 percent decline at Famous Footwear. Caleres reiterated its guidance for the year.

Stewart Surfboards Adds New Licensee And Distributor For Europe

California-based Stewart Surfboards retained Sample N Co., the French-based distribution company, as a licensee and distributor for Europe. Sample N Co. has been licensing, distributing and selling surf and outdoor brands in Europe for the past ten years.

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.