SGB Update Sports & Fitness
Kohl’s Sees Q3 Comps Down 5.5 Percent; Narrows Full-Year Guidance
Kohl’s reported fiscal third quarter net sales decreased 5.2 percent year-over-year, to $3.8 billion, with comparable sales down 5.5 percent. In other news, Dave Alves, who joined the retailer as president and COO in late February, has left the company.
Dick’s SG Lifts Guidance as Q3 Results Fly Past Expectations
Dick’s Sporting Goods raised its outlook for the year after reporting sales and earnings easily topped analyst targets with the help of healthy back-to-school selling. Same-store sales in the quarter improved 1.7 percent with gains in transaction and average ticket prices.
Hibbett Sports Shares Jump in Early Trading as Retailer Raises Guidance
Fiscal third quarter net sales decreased 0.3 percent to $431.9 million, compared with $433.2 million for the corresponding period in 2022. Comparable sales decreased 2.7 percent year-over-year. HIBB shares were up nearly 17 percent in pre-market trading
New Balance Breaks Ground on Londonderry Factory
New Balance broke ground on its sixth U.S. athletic footwear manufacturing plant in Londonderry, NH.
Fanatics Partners with Minnesota Timberwolves and Lynx
Fanatics announced a partnership to become the Minnesota Timberwolves and Minnesota Lynx. Fanatics will take over the official e-commerce business for both teams, and also operate the in-venue retail touchpoints on gamedays at Target Center.
Ciele Athletics Hires Nike Vet as Head of N.A. Sales
Montreal-based performance apparel and accessories brand Ciele Athletics hired running industry veteran Scott Gravatt as head of sales for the U.S. and Canada. Gravatt joins the company following a 15-year tenure at Nike.
Report: Consumers Expected to Spend $130 Billion During Holiday Weekend
According to the latest International Council of Shopping Centers (ICSC) Thanksgiving Weekend Intentions survey, consumers will spend $130 billion during the upcoming holiday shopping weekend, a 4 percent increase from last year’s spending expectations.
Sacks Parente Golf Expands into Golf Club Shafts
Sacks Parente Golf, Inc. expanded its product portfolio, adding a business division, Newton, the company’s entry into golf club shafts. SPG manufactures the golf shafts in its St. Joseph, MO factory and includes a shaft adapter and grip, a Lamkin Crossline 360.
ATSports Merges with Ace Sport Surfaces
ATSports, Inc. (Acrytech), the manufacturer of surface coatings for tennis, pickleball, basketball courts, and track fields, reported a strategic merger with Ace Sport Surfaces and launched its ATSports installation training division.
Cycloc, the Bike Storage Solution Company, to Close
London-based wall-mounted bike storage company Cycloc reported it would cease production, with its founder, Andrew Lang, citing the impact of Brexit as one of the principal reasons.
Rally House Opens in Dallas
Rally House opened its first store in Dallas, TX. Rally House Cityplace Market opened on the north side, off US-75 and Lemmon Avenue.
Record Traffic Forecasted for Thanksgiving Holiday Weekend
An estimated 182 million U.S. consumers plan to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is 15.7 million more consumers than last year and is the highest estimate since the NRF started tracking the data in 2017.
TYR Sport Opens Second Store in Costa Mesa
TYR Sport announced the opening of the swim brand’s second store in South Coast Plaza in Costa Mesa, CA. TYR Sport’S first-ever brick-and-mortar store opened last month at Roosevelt Field Mall in Garden City, NY.
Fleet Feet Expands Kentucky Footprint with Louisville Store
Fleet Feet reported it plans to open a second store in Louisville, KY, in November in Fern Creek’s Cedar Creek Crossing Shopping Center.
HanesBrands Appoints Three New Independent Directors
HanesBrands announced that it has appointed Colin Browne, Natasha Chand and John Mehas as independent directors to the Board, effective immediately. It also reached a cooperation agreement with Barrington Capital Group, an activist investor group.
