SGB Update Sports & Fitness
Hibbett Reduces Full-Year Guidance On Q1 Miss
Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, “”Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss.”
Athleta’s Q1 Revenues Slide 11 Percent
Gap Inc. reported net sales at its Athleta women’s activewear chain fell 11 percent in the first quarter to $321 million. Gap said Athleta’s sales “were impacted by continued product acceptance challenges.”
Deckers Brands Gets Another Big Lift From Hoka In Q4 As Ugg Declines
Deckers Brands reported net sales increased 7.5 percent to $791.6 million in the fiscal fourth quarter ended March 31. On a constant-currency basis, net sales increased 10.2 percent. Hoka brand net sales increased 40.3 percent while Ugg brand net sales decreased 2.7 percent.
Lolë Acquires Époque Évolution
Lolë, the Montreal-based activewear and outerwear brand, reported it acquired Époque Évolution a sustainability-focused women’s apparel brand based in San Anselmo, CA.
Cap America Names VP Of Sales
Cap America, the headwear manufacturer, promoted Grace Schettler to senior vice president of sales.
G.O.A.T. Fuel Completes Funding Round
G.O.A.T. Fuel, the sports energy drink co-founded by pro football Hall of Famer Jerry Rice, closed on its initial Series Seed round of financing, was oversubscribed and raised $5 million.
DXL Posts Q1 Sales Decline After Strong Comp Sales Growth To Start The Year
Destination XL Group, Inc. reported total sales for the first quarter were $125.4 million, down 1.7 percent from $127.7 million in the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 increased 0.6 percent as compared to the first quarter of fiscal 2022, with comparable sales from stores up 1.5 […]
Crunch Franchise Opening Newest Location In Nashville
Crunch Franchise announced the upcoming May 26 opening of Crunch Priest Lake, a 34,000-square-foot fitness facility, with the latest in cardio and strength training equipment.
Amazon: Independent Sellers In The U.S. Sold More Than 4.1 Billion Products In 2022
More than 60 percent of sales in Amazon’s store are from independent sellers—most of which are small and medium-sized businesses—providing a vast selection of amazing products, competitive prices, and great convenience for consumers.
Qurate Retail Sells Zulily To Investment Firm
Regent, a Los Angeles-based investment firm with expertise in the retail and apparel sectors, has acquired online retailer Zulily, formerly a wholly-owned subsidiary of Qurate Retail, which also owns the QVC and HSN businesses and the owner of Cornerstone Brands.
Nike Announces Senior Leadership Realignment
Nike said Heidi O’Neill, president of Consumer & Marketplace, will become president of Consumer, Product & Brand, Nike, Inc. Craig Williams, president of the Jordan Brand, will become president of Geographies & Marketplace, Nike, Inc. as part of several leadership changes. Matthew Friend, EVP and CFO, will expand his responsibilities to include Procurement, Global Places & Services and Demand and Supply Management.
NBA Sponsorship Revenue Reaches Record $1.4B In 2022/23
NBA team sponsorship revenue grew more than $100m from last season, reaching a record $1.4 billion in the 2022/23 season, according to SponsorUnited*, the sports and entertainment intelligence platform.
Golftec Opens Location Near Chicago
Golftec opened an instruction and club fitting center in Geneva, IL, on the western side of the Chicago suburbs at 1492 S. Randall Road.
EoS Fitness Opens Fifth Texas Location In Houston Suburb
A fifth EoS Fitness location opened in the Houston suburb of Spring. EoS Fitness reported it plans to open several more gyms in Texas later this year.
Lids Promotes Durda To President
Lids promoted Bob Durda to company president. Over a 13-year career at the company, Durda has been at the forefront of Lids’ focus on building its product portfolio and leading some of its more successful programs.
