SGB Update Sports & Fitness
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.
Feetures Announces CEO Transition
Feetures, the family-owned and operated sock manufacturer, announced that John Gaither, who has been the company’s COO, would succeed his father, Hugh Gaither, founder and CEO, effective January 1, 2023. Hugh Gaither will evolve his role as chairman of Feetures’ executive committee.
3Step Sports Acquires Best FC Soccer Club
3Step Sports, the youth sports club and event operator, acquired Best FC Soccer Club, adding another youth training and development organization to its soccer division.
Life Time Opens Fourth Maryland Club At Annapolis Town Center
Life Time reported it opened its fourth club at the Annapolis Town Center, near the U.S. Naval Academy, in Annapolis, MD.
On Adds Apparel To Resale Program
Swiss running brand On has added men’s and women’s apparel to its resale program. The move follows the September launch of Onward resale site and online trade-in program initially focused on footwear.
Beachbody Receives Compliance Notice From NYSE
The Beachbody Company, Inc. said it received a deficiency letter from the New York Stock Exchange notifying the company that it is not in compliance with applicable price criteria in the NYSE’s continued listing standards.
RYU Makes Changes In Management
RYU Apparel, Inc. said it changed its management structure and relocated its corporate headquarters to Toronto from Vancouver, Canada. The company accepted the resignations of former COO Robert Blair and former CFO Robert Lelovic. Cesare Fazari will continue as CEO and assume interim CFO responsibilities until a replacement is found.
Black Friday Online Sales Hit Record $9.12 Billion
U.S. shoppers spent a record $9.12 billion online this Black Friday, according to Adobe Analytics, which tracks sales on retailers’ websites. That’s a 2.3 percent increase compared to $8.92 billion in 2021 and also up from $9.03 billion the in 2020.
Yomiuri Giants, Nike And Fanatics Announce Long-Term Partnership
The Yomiuri Giants, Nike and Fanatics announced a long-term global partnership whereby Nike becomes the official uniform supplier of the Yomiuri Giants. Fanatics will manufacture and distribute on-field uniforms and player performance merchandise as well as Nike-branded fan jerseys and apparel.
Asics Buys Njuko Sas Of France
Asics Corp. acquired Njuko SAS, a race registration platform for running events in Europe. With the acquisition of Njuko, Asics offers race registration services worldwide.
Soccer Post Receives Investment From Private Equity Firm
Soccer Post, the largest chain of soccer specialty stores in the U.S., has secured an investment from TZP Group, the private equity firm. Soccer Post announced that Alex Morgan, the American professional soccer player, has become an investor and brand ambassador.
F45 Training CFO Steps Down
F45 Training Holdings Inc. announced that Chris Payne, the company’s chief financial officer and a member of the Board of Directors, stepped down effective November 15, 2022 to address “immediate personal and family matters in Australia.”
Caleres’ Q3 Tops Wall Street Targets
Caleres continued its strong performance in the third quarter, achieving record quarterly sales and delivering another period of solid earnings. Sales grew 1.8 percent as a 7.6 percent sales increase in the Brand Portfolio segment offset a slight decline at Famous Footwear.
Dick’s SG Raises Outlook As Third Quarter Beats Plan
Dick’s Sporting Goods reported third-quarter earnings were down year-over-year due to lower gross margins but easily topped Wall Street expectations as same-store sales grew 6.5 percent. The sporting goods retailer lifted its guidance for the year.
