SGB Update Sports & Fitness
Dick’s Sporting Goods Names EVP Of Stores
Dick’s Sporting Goods reported it hired Ray Sliva as executive vice president, stores, effective January 3, 2023. Most recently, Sliva was as Best Buy’s chief people officer.
Ibex Extends Sales Representation Across Pacific Northwest And Central U.S.
Ibex reported that it hired PlayNorthwest to represent the brand in the Pacific Northwest, while Split Rock Sales will cover the Central U.S.
NRF Reports GDP Growth Has Slowed But Consumer Spending Remains Strong
The National Retail Federation’s (NRF) Chief Economist, Jack Kleinhenz, reported that the GDP is not likely to grow as much in the final months of 2022 as it did in the third quarter, but consumer spending should remain strong even though the rapid pace continues to slow.
Nautilus Completes Refinancing Of Existing Term Loan
Nautilus Inc. announced the amendment of its existing credit facility by refinancing the previous term loan with a new $30 million term loan, thereby increasing the company’s total credit facility to $130 million.
Fanatics-Owned NFT Venture Undergoes Layoffs
Candy Digital, the sports and entertainment NFT startup backed by Fanatics, reported it laid off more than one-third of its workforce of approximately 100 employees, according to Sportico.
Gatorade Marketing VP Joins Vital Proteins
Vital Proteins named Jill Abbott, a former marketing VP at Gatorade, as chief marketing officer. Abbott is responsible for the global marketing and brand strategy as the company looks to expand into new international markets.
Equinox’s Probability Of Default Ratings Lowered
Moody’s Investors Service affirmed Equinox Holdings, Inc.’s debt ratings, but downgraded the fitness chain’s Probability of Default Rating (PDR) from Caa3-PD to Ca-PD. The outlook remains negative.
Crown Capital Investments Acquires Pacific Yurts
Crown Capital Investments, an Atlanta-based private equity firm, has acquired Pacific Yurts, Inc., the maker of portable tents.
Online Shoppers Spend Record $11.3B On Cyber Monday
According to Adobe Analytics, online sales on Cyber Monday reached $11.3 billion, up 5.8 percent year-over-year growth, representing the biggest online shopping day.
Golf Equipment Declines But Apparel Expands In October
Golf equipment sales were off 5.9 percent in October and down 2.2 percent year-to-date, according to Golf Datatech. Golf apparel sales were up over 8 percent on the month and 6 percent on a year-to-date basis.
Delta Apparel Hires EVP And Chief Administrative Officer
Delta Apparel, Inc. reported Justin Grow had rejoined the company as executive vice president and chief administrative officer.
Topgolf Sets Opening For Wichita Location
Topgolf plans to open a venue in Wichita, KS on December 2 located near the Greenwich Place shopping center at 2796 N. Greenwich Road.
Rally House Expands In Ohio And Michigan
Rally House opened a new store in Cincinnati, OH, and expanded its East Lansing, MI store.
JB Capital Makes Strategic Investment In Crossnet
JB Capital reported it made a strategic investment in Crossnet, the Miami, FL-based creator of the four-square, volleyball-like net game.
Hibbett Reiterates FY Outlook Despite Q3 Shortfall
Hibbett Inc. reported third-quarter results came in below Wall Street estimates with margins impacted by higher logistics and wage costs, but the retailer reiterated its outlook for the year. Comparable sales increased 9.9 percent versus the prior year and increased 51.7 percent compared to 2019 third quarter.
