SGB Update Sports & Fitness
Roots Adds Creative Director In Residence
Roots Corp. hired Joey Gollish as creative director in residence, effective March 7 through 2025; this represents the first time in the company’s history that it added an outside creative to work for the brand.
Rally House Continues Expansion In Ohio With Graceland Store
Ralley House, the nationally known sports and merchandise retailer continued its expansion into Columbus, OH with the opening of its Graceland store, giving more customers access to local merchandise and sports apparel.
Lacrosse Unlimited Launches Licensed Uniform Program
Lacrosse Unlimited, which operates 45 stores in the U.S., launched a licensed uniform program featuring lacrosse brands Maverik, STX, GAIT, and ECD.
HanesBrands Forms Exclusive Apparel Deal With UCLA
HanesBrands (HBI) secured the exclusive rights to design, manufacture and distribute UCLA fan apparel in the mass retail channel. The multi-year agreement will see HBI developing exclusive collections for men’s, women’s, unisex, youth, infant, and toddler apparel.
Dick’s SG Sees Q4 Comp Sales Up 5.3 Percent; Net Income Falls 32 Percent
Dick’s Sporting Goods, Inc. revenues increased 7.3 percent to $3.60 billion for the fourth quarter ended January 28. Comp-store sales increased 5.3 percent for Q4. Net income fell 32 percent to $236 million, or $2.60 per share, for the fourth quarter.
SGB Media Reports Most-Read Stories, Key Metrics For February 2023
SGB Media posted another strong month in February 2023, with total pageviews rising 15 percent to over 164,000 pageviews for the shortest month of the year. SGBonline.com generated over 1.7 million pageviews for the trailing 12-month period ended February 28.
Equinox Holdings’ Debt Ratings Upgraded On Loan Maturity Extension
Equinox Holdings, Inc. upgraded the debt ratings as the fitness chain operator extended the maturity of its first-lien senior secured revolver to November 2023 from March 2023. The rating agency said default risks remains high.
Moody’s Assigns B1 To Topgolf Callaway’s New Term Loan
Moody’s Investors Service assigned a B1 rating to the company’s new senior secured term loan B. The rating agency said Topgolf Callaway plans to simplify its existing capital structure by refinancing and combining its term debt at Topgolf Callaway and Topgolf International, Inc.
Costco Reports 7 Percent Comp Gain In Fiscal Second Quarter
Costco Wholesale Corp. reported profits rose 12.9 percent in the second quarter ended February 12 as same-store sales on an adjusted basis grew 6.8 percent.
Fanatics Partners With Australian Football League
Fanatics reached an agreement to become the exclusive retail and merchandising partner of the Australian Football League.
Amer Sports’ Debt Ratings Upgraded
Moody’s Investors Service upgraded Amer Sports Holding 1 Oy’s debt ratings due to the company’s healthy sales and earnings improvement in 2022 and overall improving performance over the pandemic. Sales grew 22 percent currency-neutral in 2022, led by China.
Adidas Extends Deal With Union Berlin Until 2030
Union Berlin extended its kit deal with Adidas prematurely with the new deal expiring in 2030.
Bealls, Inc. Appoints New Company President
Bealls, Inc. promoted Tianne Doyle to president. Doyle joined Bealls in 1991 and has held leadership positions across the company, rising to EVP and chief merchandise officer in 2020.
Academy Sports And Outdoors Ups Quarterly Dividend By 20 Percent
Academy Sports + Outdoors, Inc.’s board of directors has declared a cash dividend with respect to the fiscal quarter ended January 28, 2023 of 9 cents per share of common stock of the company, a 20 percent increase from the previous quarterly dividend payment.
Fanatics Collectibles Appoints Chief Marketing Officer
Fanatics Collectibles, the trading cards and collectibles business of Fanatics hired Ken Turner as chief marketing officer.
