SGB Update Sports & Fitness
Apex Mills Acquires Hanesbrands Plant
Apex Mills has agreed to purchase a former HanesBrands plant in Virginia.
Next Level Apparel Acquires Stedman GmbH
Blue Point Capital Partners and its portfolio company Next Level Apparel acquired Germany-based Stedman GmbH, a designer, manufacturer and supplier of casual and sportswear blank apparel for the printwear, retail, brand specialty and other decorated apparel industries.
Wolverine World Wide Sees Q4 EPS At Low End Of Guide On Inventory Reduction Efforts
Wolverine World Wide, Inc. updated its outlook for fiscal 2022 revenue, earnings, inventory and net debt, reporting that the company expects the following preliminary and unaudited financial results as of December 31, 2022.
Zumiez Holiday Comps Fall Nearly 24 Percent
Zumiez, Inc. posted a 22.2 percent net sales decrease for the nine-week period ended December 31, 2022, compared to the nine-week period ended January 1, 2022. During the same period comparable sales decreased 23.9 percent.
SFIA Re-Elects Ram; Adds Two Members To Board
The Sports & Fitness Industry Association (SFIA) re-elected Jonathan Ram, CEO of Clarks, Inc. as chairman of its Board of Directors for the 2023 term.
Imports Drop As Pandemic-Driven Shipping Surge Comes To An End
With a pandemic-driven surge over, monthly import cargo volume at the nation’s major container ports fell below the two million Twenty-Foot Equivalent Units mark and is forecasted to remain there through the spring, according to the Global Port Tracker Report released by the National Retail Federation and Hackett Associates.
Xponential Fitness Expects To Meet, Or Exceed, Full-Year Guidance
Xponential Fitness, Inc. expects to meet or exceed the high end of its full-year 2022 outlook. Same-store sales growth of 25 percent is expected for the year ended December 31, compared to 41 percent in 2021.
Beachbody Reiterates Fourth Quarter Outlook
The Beachbody Company, Inc. reiterated guidance for the fourth quarter of fiscal 2022.
Lululemon Lifts Fiscal Q4 Sales Outlook; Sees Margin Pressure To EPS
Lululemon Athletica, Inc. slightly raised its revenue guidance for the fourth quarter while narrowing its EPS target.
Dick’s SG Closes Store In Worcester
Dick’s Sporting Goods closed its retail store at Lincoln Plaza in Worcester, MA on December 31.
Babolat Names National Sales Director
Babolat USA promoted Bill Edell, key account manager, to national sales director.
Quality Bicycle Products Recalls Handlebars And Bicycles
About 8,740 Quality Bicycle Products carbon handlebars and bicycles are being recalled.
Peloton Fined $19 Million For Unsafe Treadmills
Peloton Interactive has agreed to pay a $19 million fine for failing to promptly notify regulators of a known defect in its Tread+ exercise machines that could cause serious injury, according to the U.S. Consumer Product Safety Commission.
Delta Apparel Sales Dip In Fiscal First Quarter
Delta Apparel Inc. expects overall 2023 fiscal first quarter net sales of approximately $106 million for the three-month period ended December 31, a decline of 4.2 percent from $110.7 million in the year-ago comp period.
Costco December Comps Rise 5.5 Percent But E-Commerce Declines
Costco Wholesale Corporation posted net sales of $23.80 billion for the retail month of December, the five weeks ended January 1, 2023, an increase of 7.0 percent from $22.24 billion in the comparable month last year.
