SGB Update Sports & Fitness
Big 5 SG Sees Q4 Same-Store Sales Fall 13 Percent; Margins And Earnings Shrink
Big 5 Sporting Goods Corporation reiterated its fiscal 2022 fourth quarter net sales were $238.3 million, compared to net sales of $273.4 million for the fourth quarter of fiscal 2021. Same-store sales decreased 13.2 percent for the fourth quarter of fiscal 2022 compared to the fourth quarter of fiscal 2021.
Mitchell & Ness Appoints Creative Director
Don Crawley (Don C), the high-end streetwear designer, was named creative director of premium products for Mitchell & Ness, which was acquired last year by Fanatics.
P.volve Makes Three Executive Appointments
P.volve hired Karina Kogan as a strategic advisor, promoted Antonietta Vicario to chief training officer and hired Katie Rosholt as senior vice president of marketing.
Target Ekes Out Fiscal Q4 Comp Sales Gain On Strong Traffic; Beats Expectations
Target Corporation reported that total comparable sales grew 0.7 percent in the fiscal fourth quarter ended January 28, reflecting comparable stores sales growth of 1.9 percent and a comparable digital sales decline of 3.6 percent.
USGA Elects New President To Three-Year Term
Fred Perpall of Dallas, TX, was elected as the 67th president of the USGA at the association’s Annual Meeting in Napa, CA.
Tiger, TaylorMade Backed PopStroke Opening First Arizona Location
PopStroke Entertainment Group, owned by Greg Bartoli, Tiger Woods’ TGR Ventures and TaylorMade Golf Company, will open PopStroke’s Glendale, AZ, venue on March 2. This is the seventh PopStroke location.
Xponential Fitness Appoints Chief Legal Officer
Xponential Fitness, Inc. hired Andrew Hagopian as chief legal officer, effective March 1, 2023.
Retail Giant Pou Sheng Sees Sharp 2022 Profit Decline On Pandemic Woes
Pou Sheng International (Holdings) Limited warned that it expects to record a 20 percent decline in revenues to approximately RMB18.6 billion for the year ended December 31. The resulting profit is attributable to owners of the Chinese mega-retailer and is forecasted to fall approximately 75 percent to approximately RMB89 million for the year compared to the 2021 financial year.
Gymshark Names Creative Director Of Lifting
Gymshark has named David Laid as its first creative director of lifting. In the role, Laid will be responsible for, among other things, product development, creative direction, athlete recruitment and IRL events.
Velo Cyclery Names President And CEO
Velo Cyclery, an online retailer of cycling equipment and accessories headed by investment management firm Sterling Partners, comprised of Planet Cyclery and Colorado Cyclist, hired Paul McAfee as president and CEO.
Berkshire Hathaway’s Apparel And Footwear Sales Slide 4.5 Percent In 2022
Berkshire Hathaway Corp.’s sales across its apparel and footwear businesses slid 4.5 percent in 2022 compared to 2021 due to inventory reduction efforts in the mass channel, according to the holding company’s annual report. The businesses include Fruit of the Loom, Russell, Spalding, Garan, H.H. Brown Shoe Group, and Brooks Sports.
Hanesbrands Makes Board Of Directors Changes
HanesBrands, Inc. appointed Mark Irvin, shown, to its board of directors. Bobby J. Griffin, a board director since 2006, plans to retire when his current term ends timed with HanesBrands 2023 annual meeting of stockholders.
NGF Sees Biggest Golf Participation Jump Coming In Juniors
The National Golf Foundation is reporting that the overall golfer base has gotten more diverse as participation levels have increased the past several years. NGF sees the biggest participation increases over the past three years have come in the junior ranks.
Swing Racquet + Paddle Inks Wilson Deal For “Sportstainment” Venue
Swing Racquet + Paddle has inked a deal with Wilson Sporting Goods Co. as a leading sponsor a “first-of-its-kind dedicated multi-racquet & paddle sport and Sportstainment venue.”
Dillard’s, Inc. Declares Cash Dividend
The Dillard’s, Inc,’s board of directors declared a cash dividend of 20 cents per share on the Class A and Class B Common Stock of the company.
