SGB Update Sports & Fitness
Wilson To Expand Football Production Facility In Ohio
Wilson is building a manufacturing plant in Ada, OH, just east of its current factory that manufactures NFL footballs. The site will double its production capacity.
Ross Stores Posts 10 Percent Earnings Growth As Q1 Comps Inch Up 1 Percent
Ross Stores, Inc. reported sales for the first quarter of 2023 were $4.5 billion for the 13 weeks ended April 29. Comparable store sales were up 1 percent. EPS were $1.09 on net earnings of $371 million for the quarter.
Pacsun Sets Leadership And Board Changes
Pacsun announced a series of leadership changes whereby Brie Olson, Pacsun co-chief executive officer and Board member, will be appointed chief executive officer, effective June 15. Mike Relich will retire as co-CEO and will continue to serve on the Pacsun Board of Directors in a new role as vice chairman. Russell Bowers will be appointed chief operating officer and will continue to serve as Pacsun chief financial officer,
CPSC Approves Peloton Tread+ Rear Guard Repair
The U.S. Consumer Product Safety Commission (CPSC) approved a rear guard repair for Peloton’s recalled Tread+ treadmill.
Shimano Recalls Pro Vibe Alloy Stems For Road Bikes
In cooperation with the U.S. Consumer Product Safety Commission (CPSC), Shimano North America recalled Shimano Pro Vibe Alloy stems for road bikes. The recalled bike stems could crack and break while in use.
Cycle Force Recalls Adult Bike Helmets Due To Risk Of Head Injury
Cycle Force, in cooperation with the U.S. Consumer Product Safety Commission, recalled certain Ventura Adult Bike Helmets. The recalled helmets do not comply with the positional stability requirement of the CPSC.
LL Bean’s New HQ Grand Opening Set For June 15
L.L.Bean will celebrate the completion of its new 390,000-square-foot corporate headquarters in Freeport, ME on June 15, marking the close to an eight-year, $110 million campus redevelopment in the company’s longtime hometown.
Walmart Rides Strong Q1 Comp Sales Growth To 13 Percent Adjusted EPS Gain
Walmart, Inc. reported first-quarter consolidated revenue of $152.3 billion, up 7.6 percent, or 7.7 percent in constant-currency. Walmart U.S. posted 7.4 percent comp store sales growth. Adjusted EPS was up 13 percent to $1.47 a share.
Pou Chen To Lay Off 5,700 Workers In Vietnam
Taiwan’s Pou Chen, the world’s largest maker of branded athletic footwear, has announced layoffs for 5,744 workers at factories in Vietnam, according to multiple reports.
Wahoo Fitness Wipes Debt Line Clean With Recap
Wahoo Fitness reported it had eliminated all its debt with a recapitalization led by founder Chip Hawkins. Terms were not disclosed.
Golftec Relocates San Diego Center
Golftec relocated its instruction and club fitting center in San Diego.
EoS Fitness Opens Latest Florida Location In Tampa Bay Market
The latest EoS Fitness location will open in Lutz, FL, expanding the company’s footprint in the Tampa Bay area, where EoS has five of its eight Florida locations open.
BSN Sports Extends Partnership With The University Of Cincinnati
The University of Cincinnati Athletics Department announced an apparel agreement with BSN Sports. Within the deal, Cincinnati has elected to equip its programs with Jordan Brand and Nike products. The Bearcats were slated to wear Under Armour through 2024.
Five Iron Golf Launches Franchising Program
Five Iron Golf, with 18 locations across the U.S., has introduced its franchising program.
Fabletics Opens Store At University of Southern California
Fabletics opened its first on-campus retail store at the University of Southern California.
