SGB Update Sports & Fitness
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.
BN3TH Appoints VP Of Sales
Men’s underwear and baselayer brand BN3TH promoted Matt Keenan to VP of sales, effective March 1.
Xponential Fitness Posts Double-Digit Same-Store Revenue Growth In Q4
Xponential Fitness, Inc. reported that total revenue increased 44 percent to $71.3 million for the fourth quarter of 2022, up from $49.4 million in the prior-year period. This increase included a corresponding North America same-store sales increase of 17 percent.
Crunch Fitness Names Four To Top Leadership Roles
Crunch Fitness hired Molly Long as chief experience officer, promoted Chad Waetzig to chief marketing officer, Tim Welsh was promoted to chief development officer, and Pam Brown was hired as VP, head of people and culture.
Hibbett Rolls Out Returns Service
Hibbett, Inc. added Happy Returns’ Return Bars in its more than 1,100 Hibbett and City Gear specialty stores nationwide. Through the service, customers can make returns from hundreds of online retailers at Hibbett and City Gear stores in 36 states.
Burlington Stores Sees Improving Trend Despite Q4 Comp Sales Dip
Burlington Stores, Inc. reported total sales for the fiscal fourth quarter increased 5 percent to $2.74 billion and comparable store sales decreased 2 percent for the period ended January 28, 2023, compared to the fourth quarter of Fiscal 2021.
Vuori To Open Store In Mall Of America
Vuori plans to open a store at the Mall of America in Bloomington, marking its first store in Minnesota.
The Buckle Posts 6.9 Percent Comp Store Sales Decline In February
The Buckle, Inc. saw comparable store net sales decrease 6.9 percent for the 4-week fiscal period ended February 25, compared from comparable store net sales for the 4-week period ended February 26, 2022.
Life Time Signs New Sale-Leaseback Letter Of Intent For $45 Million
Life Time Group Holdings, Inc. entered into a non-binding letter of intent for the sale-leaseback of one property in a transaction totaling approximately $45 million in gross proceeds.
