SGB Update Sports & Fitness
Club Champion Opens Location In Crawley, England
Club Champion reported opening a fitting studio at Platinum House, Sussex Manor Business Park in Crawley, a borough in West Sussex, England.
Precor To Close North Carolina Plant
Precor, the fitness equipment manufacturer acquired by Peloton in early 2021, is closing its plant in Whitsett, NC, affecting 123 employees.
Moody’s Upgrades Hanesbrands’ Speculative Grade Liquidity Rating
Moody’s Investors Service upgraded Hanesbrands, Inc.’s speculative grade liquidity rating (SGL) to SGL-2 from SGL-3 to reflect Hanesbrands’ improvement in liquidity as it has addressed all of its 2024 debt maturities.
Start 2 Finish Acquires Fleet Feet Race Productions
Start 2 Finish Event Management, with offices in Atlanta, GA; Charlotte, NC; and Memphis, TN, reported it had acquired the Race Productions division of Fleet Feet St. Louis to expand its reach in the Midwest and further establish itself in the event management industry.
Topgolf Callaway Brands Completes Debt Refinancing
Topgolf Callaway Brands Corp. completed a series of related transactions in support of a comprehensive plan to refinance its capital structure. Through these transactions, the company simplified and unified its financial reporting, extended its debt maturities, and improved liquidity.
Wolverine Worldwide Announces New Board Chairman And Directors
Wolverine World Wide, Inc. reported today that its Chairman and retired CEO, Blake Krueger, will retire from the Board on May 4. Tom Long, the Board’s lead independent director, will assume the role of Chairman on May 4. The company also elected three new board members—Stacia Andersen, Jodi Bricker and DeMonty Price.
361 Degrees Posts 17 Percent Revenues Growth In 2022
Hong Kong-based 361 Degrees International Ltd. reported earnings grew 24.2 percent in the year ended December 31 as sales expanded 17.3 percent.
Whing Golf Names National Sales Manager
Whing Golf hired Joseph De Peralta national sales manager in a newly-created position.
TuffStuff Fitness Acquired By Brooks Industrial Marketplace
TuffStuff Fitness International, Inc., the 52-year-old strength equipment manufacturer, was acquired by metals processing and fabrication specialist Brooks Industrial Marketplace.
Fanatics Enters Into Partnership Deal With Royal Belgian Football Association
The Royal Belgian Football Association (RBFA) has entered into a long-term e-commerce and merchandising partnership with Fanatics to enhance the shopping experience for fans of the Belgium National Football Team.
Signa Sports Fiscal Q1 Sales Up 27 Percent But Margins Suffer From Inventory Woes
Signa Sports United N.V. reported that the operating environment in the first quarter of fiscal 2023 was a continuation of the prior quarter, with depressed consumer sentiment and a promotional overstocked market, in particular in the bike category.
Academy Sports Q4 Earnings Fly Past Wall Street Targets
Academy Sports and Outdoors Inc. reported earnings on an adjusted basis increased 12.5 percent in the fourth quarter ended January 28 as lower freight costs and overall operating expenses offset a 5.1 percent decline in same-store sales. EPS easily topped analysts’ consensus estimates while sales were below.
February Retail Sales Rise 5.4 Percent Year-Over-Year
Overall retail sales dipped slightly in February, but core spending rose, according to data reviewed by the National Retail Federation.
Nike To Stop Using Kangaroo Leather In Soccer Cleats
Nike reported it would stop using kangaroo leather in its shoes amid moves from U.S. state and federal lawmakers to ban the sale of kangaroo products.
Pou Sheng International Appoints CEO
The Pou Sheng International (Holdings) Limited board of directors re-designated Wang Jun, the acting CEO, as CEO effective March 15.
