SGB Update Sports & Fitness
Helly Hansen, SportChek Parent Prices Private Placement Notes Offering
Canadian Tire Corporation, Ltd. intends to use the net proceeds from the offering and sale of the Notes for the repayment of short-term borrowings and general corporate purposes.
Nike Shareholders Reject Pay Equity Proposal
At Nike, Inc.’s annual meeting Tuesday, shareholders voted against a proposal seeking a more detailed report on pay gaps across race and gender. Shareholders also rejected a proposal over the disclosure of human rights commitments.
Fanatics Appoints New CEO for Commerce Business as Doug Mack Retires
Fanatics hired Andrew Low Ah Kee as CEO of Fanatics Commerce, effective immediately. Over the past decade-plus, Fanatics Commerce, the company’s largest business, reportedly “transformed from a domestic e-commerce company into a global omnichannel business.”
Nordstrom Rack to Open New Store in San Diego
With this new location opening in Fall 2024 and to other announced store openings, Nordstrom will operate 68 Nordstrom Rack stores, 22 Nordstrom stores, 5 Nordstrom Locals, and one asos | Nordstrom in California.
Rebel Athletic and Zer0 Cheer Expand Operations into Colombia
Zer0 Cheer is the exclusive distributor for select South American countries of Rebel Athletic shoes, bags and customized apparel, including practice wear and uniforms. The new office and warehouse will reportedly be fully operational this month.
Academy Sports Opens First Store in Brenham, TX
Academy Sports + Outdoors announced it opened its first store in Brenham, TX, with a grand opening planned from September 15-17.
Camping World Adding Another Indiana RV Dealership to Portfolio
The company is acquiring Edmundson RV in Edinburgh, IN, and the company’s first exclusive Forest River location in the state.
Champion to Open Store in Winston-Salem
Champion plans to open a full-price store in Winston-Salem—the first for the brand in North Carolina.
NRF Now Sees 2023 Retail Sales at Low End of Earlier Forecast
The March forecast called for 2023 retail sales to increase between 4 percent and 6 percent over 2022; however, the Fed’s interest rate increases slowed the economy and the NRF believes there is a good chance that sales will end up in the lower range of the forecast, if not lower.
NRF: Import Cargo Volume Could Hit 2 Million TEU Three Months in a Row
Import cargo volume at the nation’s major container ports is expected to hit the 2 million Twenty-Foot Equivalent Unit (TEU) mark for the second consecutive month in September and remain there in October.
Saucony Names New VP of U.S. Sales
Saucony, a division of Wolverine Worldwide, Inc., appointed Chris Deschenes as vice president of U.S. sales. Most recently, he was the vice president of sales for the company’s Wolverine Kids Group.
Volvik USA Announces New Leadership Team
Volvik USA, Inc., the golf ball manufacturer based in Orlando, reported it named Pete Kinney president and John Holst as president of sales
Nebraska Sports Card Retailers Merge Operations
Rickley Sports Cards, LLC, a sports card and memorabilia shop, has completed the acquisition of a sports card shop Perfect 10 Card Company. Financial terms of the private transaction were not disclosed.
Performance Health Acquires Sports Medicine Product Distributor Sissel France
With a legacy spanning over 30 years in the medical and paramedical product market, Sissel France’s brands and products are said to “align with Performance Health’s mission to help people feel good, perform better and live their best lives.”
Nike to Permanently Close NE Portland Store Following High Theft
Nike has decided not to re-open its factory store in Portland, OR, which it closed temporarily last fall due to theft and safety issues
