SGB Update Sports & Fitness
Capgemini: Over 75 Percent Of Younger Sports Fans Prefer Watching Outside Of Venues
Seventy-seven percent of Gen Z and 75 percent of Millennials say they prefer to watch sports outside of venues, compared to 53 percent of Baby Boomers and 32 percent above 70 years old, according to Capgemini Research Institute’s latest report “A Whole New Ball Game: Why Sports Tech Is A Game Changer.”
Rally House Sets Three Store Openings
Rally House announced it opened stores in North Little Rock, Philadelphia and Iowa City.
Sports Inc. Renews Partnership With OrderMyGear
Sports, Inc. renewed its partnership with OrderMyGear. Under the multi-year agreement through 2025, OMG maintains the title of Sports, Inc.’s preferred provider of online team stores and group ordering for members.
Frasers Group Forms Joint Venture To Expand In Indonesia
Frasers Group Asia announced a new joint venture agreement with PT Map Active Indonesia to launch Sports Direct in the country. The retail group said the deal is “the first step in a region-wide expansion” between the two and will see the introduction of Sports Direct’s stores across Indonesia, including both the wholesale and retail components.
Vuori To Open Stores In Colorado And Michigan
Vuori reported it plans to open a store at Somerset Collection, the luxury shopping mall in Troy, MI, and a store at the Park Meadows shopping mall in Lone Tree, CO.
Uneekor Revamps Organizational Structure
Uneekor, the maker of golf simulator technologies based in Irvine, CA, announced a restructuring to its organizational setup, including new hires to its leadership team.
Gymguyz Names President
Gymguyz, the in-home and on-site personal training company, promoted Chief Marketing Officer Phil Brojan to company president,
Torrid Holdings Sees Q1 Net Income Halved As Comps Fall 14 Percent
Torrid Holdings Inc. reported that fiscal first quarter net sales decreased 11.8 percent to $293.9 million. Comparable sales decreased 14 percent. Net income was $11.8 million, or 11 cents per share, in the quarter, compared to net income of $24.1 million, or 23 cents per share in Q1 last year.
Recall: Giro Merit Bicycle Helmets
Bell Sports, Inc., in cooperation with the U.S. Consumer Product Safety Commission (CPSC) and in conjunction with the Canadian government, is recalling Giro Merit bicycle helmets manufactured before January 2023.
Adidas Offers Student Loan Assistance For U.S. Employees
Adidas announced a new program to help U.S. employees working in any area of the company pay off their student loans.
Tommy Bahama Parent Gets Lift From Johnny Was Acquisition To Post Solid Q1 Results
Oxford Industries, Inc. reported that consolidated net sales in the first quarter ended April 29 increased 19 percent to $420 million. On an adjusted basis, EPS increased to $3.78 compared to $3.50 in the first quarter of fiscal 2022.
HanesBrands Inks Primary Apparel Partnership Deal With The University Of Minnesota
HanesBrands signed a new primary apparel partnership with The University of Minnesota. The ten-year strategic agreement gives HBI exclusive rights to design, manufacture and distribute fanwear across mass and campus/local retail channels.
Puttshack Adds To Executive Team
Puttshack named Susan Burke as general counsel and chief risk officer and Rocio DeJesus as head of people and talent.
NRF Elects Five New Board Members At Summer Board Meeting
The National Retail Federation elected five new members to the organization’s Board of Directors during the trade association’s summer board meeting in Washington, D.C.
NRF Expects Imports For First Half To Be 22 Percent Below H1 Last Year
Import cargo volume at the nation’s major container ports is expected to be 22 percent lower during the first half of 2023 than the same time last year despite increased consumer spending, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
