SGB Update Sports & Fitness
Under Armour Debt Rating Outlook Lowered
S&P Global Ratings revised its outlook on the debt ratings of Under Armour to stable from positive as the company’s operating performance has weakened, leading S&P to expect soft demand and margin pressure to last longer than previously anticipated.
Fitbench Adds Two Key Hires To Sales Team
Fitbench added two sales leaders to its team—Mike Meluch, director of sales and national accounts, and Matt Hennessey, national dealer sales manager responsible for commercial and consumer sales.
Report: Online Prices Fall For Fifth Consecutive Month
According to data from Adobe’s Digital Price Index, online prices in January 2023 fell 1 percent year-over-year, the fifth consecutive month of year-over-year declines. Half of the 18 categories tracked by Adobe saw falling prices year-over-year.
Alo Yoga Opens Virtual Store
Alo Yoga opened a virtual store offering digital styling services where customers can browse the brand’s collections, customize outfits and view selected videos from the company’s Moves workout platform.
Dick’s House Of Sport To Open In Scranton
Dick’s Sporting Goods and Field & Stream store in the Viewmont Mall in Scranton, PA, closed its doors with plans to convert the space to a Dick’s House Of Sport.
Puma Joins Zero100
Puma joined Zero100, a community-based education and research platform aiding organizations to reduce carbon emissions through digitization.
Drive Shack To Open Puttery Location In Pittsburgh
Drive Shack, Inc., will open a Puttery in Pittsburgh on February 17, spanning two levels and covering 19,000 square feet, featuring three nine-hole golf courses.
Mindbody Survey: San Francisco Tops List Of Healthiest Cities
San Francisco ranked the No. 1 city for the first time on Mindbody’s Annual Top 10 Healthiest Cities In America*, replacing three-time winner Miami. In 2022, San Francisco ranked sixth in the company’s survey.
HanesBrands To Offer Senior Notes
HanesBrands, Inc. reported it plans to offer a $600 million aggregate principal amount of senior unsecured notes due 2031 in a private offering.
Topgolf Callaway Posts Wider Q4 Loss On Strong Double-Digit Growth
Topgolf Callaway Brands Corp. posted another strong quarter to end 2022, delivering a 19.6 percent increase in revenue to $851.3 million in Q4, reflecting growth in each operating segment, major product category and region.
Nautilus Slashes Full-Year Guidance On Weakness In Retail Segment
Nautilus Inc. reported a loss of $11.1 million in the fiscal third quarter ended December 31 as sales slumped 33.4 percent. The sales outlook was significantly reduced and the expected loss also widened for the fiscal year due to lower expectations in the Retail segment.
Adidas Says Yeezy Fallout Could Result In Billion Euro Loss
Adidas in an outlook update warned it expects a loss in the range of €500 million to €1 billion ($534 million to $1.07 billion) in 2023 from the exit of its Yeezy business.
Adidas’ Head Of Global Marketing Departs
Vicky Free has left her role as global head of marketing at Adidas, according to Adweek.
New Balance Opens Retail Concept In Boston
New Balance opened the second experiential store concept at 124 Newbury Street in Boston. The first store opened in Guangzhou, China, in December 2022.
Kohl’s Names New Chief Merchant
Kohl’s named 25-year retail veteran Nick Jones as chief merchandising and digital officer, reporting to CEO Tom Kingsbury, effective in March.
