SGB Update Sports & Fitness
Play It Again Sports Parent Sees Q1 Revenues Up Slightly Despite Sharp Leasing Decline
Winmark Corporation, the parent of Play It Again Sports, reported net income for the first quarter ended April 1, 2023, of $8.94 million, $2.49 per share, down 9.2 percent from $9.85 million, or $2.65, a year ago.
Fanatics Signs Retail Partnership Deal With England’s Millwall F.C.
Fanatics reported signing a long-term multichannel retail partnership with Millwall F.C. to enhance its worldwide shopping experience.
Dick’s SG Hires New Chief Marketing Officer
Dick’s Sporting Goods’ Chief Marketing Officer Ed Plummer is retiring and will be replaced by PepsiCo’s Emily Silver.
Reima Appoints New Head Of Cluster For North America
Finnish kids’ activewear brand Reima, founded in 1944, hired Marc Cutilletta as head of North America, responsible for business and operations in the U.S. and Canada.
Anta Sports To Raise $1.5 Billion From Stock Placement
Anta Sports Products is seeking to raise HK$11.8 billion (U.S.$1.5 billion) from a stock placement to reduce debt.
China’s Economic Growth Accelerates With Consumption Boost
According to China’s National Bureau of Statistics, China’s economy grew 4.5 percent in the first quarter. The accelerated growth marked the fastest pace in a year and relieved Nike, Adidas, VF Corp., and several industry-leading vendors with heavy exposure in the world’s second-largest economy.
Nike And Jordan Combine For 75 Percent Share Among NBA Players
Nike-branded shoes were worn by 67.2 percent of players in the NBA this past regular season, while its Jordan brand was third with 7.5 percent, according to new data compiled by BasketballInsiders.
Vuori Taps Big Brands For Four New C-Suite Hires
Vuori has hired a chief operating officer, general counsel/corporate secretary, chief people officer and chief information officer, each with big brand experience with Yeti, Vans, Starbucks and Beachbody, respectively.
Fanatics And WWE Expand Partnership To Include All Global Event Merchandise
Fanatics reported that it expanded its long-term sports and entertainment agreement with the WWE to include operating its global event merchandise business. The deal goes into effect May 1 before WWE’s live event, Backlash.
Rally House Goes Bigger In Wichita, Adds New Stores In Ames, IA And Pittsburgh, PA
National sports and merchandise retailer Rally House continues its fast-paced expansion in the U.S., opening a larger store in Wichita, KS, new stores in Ames, IA and expanding its presence in Pittsburgh, PA.
Academy Sports + Outdoors To Open New Store In Lafayette, IN
Academy Sports + Outdoors reported it will open its first store in Lafayette, LA, on April 21. The approximately 60,000-square-foot store marks the first retail store the company will open in 2023.
Nike Becomes Presenting Sponsor Of MLB’s RBI Program
Nike, Inc. announced a partnership with Major League Baseball as the presenting sponsor of the Reviving Baseball in Inner Cities (RBI) Program, the MLB’s youth initiative to provide baseball and softball playing opportunities for kids living in areas that are underserved.
SFIA: Sporting Goods Industry’s 2022 Growth Boosted By Inflation
The Sports & Fitness Industry Association (SFIA) released its 2023 State of the Industry Report, showing 4.3 percent revenue growth in U.S. wholesale sales of athletic footwear, apparel, sports and fitness equipment, and licensed products in 2022.
Golftec Opens Locations In Dubai And South Africa
Golftec reported it would open two training centers in Dubai and South Africa in the coming months.
PXG Opens Location In Cincinnati
PXG, the golf equipment and apparel manufacturer, opened its first brick-and-mortar store in Ohio.
