SGB Update Sports & Fitness
REI To Open Third Location In South Carolina
REI Co-op will open a new store in Mount Pleasant, SC in fall 2022.
Moody’s Lowers Wolverine’s Debt Outlook
Following a similar move by S&P Global Ratings, Moody’s Investors Service changed Wolverine World Wide, Inc.’s outlook to negative from stable.
Two Bidders Seek Discount Price To Acquire Kohl’s
Private equity chain Sycamore Partners and retail conglomerate Franchise Group have submitted bids to acquire Kohl’s, sources told the Wall Street Journal. Both offers were well below amounts the company turned down earlier this year.
Amazon Consumer CEO Resigns
Amazon’s consumer CEO, Dave Clark, will leave the company next month, the e-commerce giant announced in a blog post Friday and reflected in a regulatory filing.
Rally House Adds Stores in Philadelphia, Louisville And Kansas City
Rally House opened new stores in Philadelphia, Louisville and Kansas City markets.
Lululemon Hikes Outlook As Q1 Tops Guidance
Lululemon Athletica Inc. raised its earnings and sales guidance for the year after reporting first-quarter results that surpassed its expectations. Sales were up 32 percent in the first quarter with same-store sales ahead 24 percent.
Golftec Opens Location In San Diego
Golftec announced the opening of an instruction and club fitting center in San Diego, CA at 7510 Hazard Center Drive.
Rocky Mountain Bicycles Appoints CEO
Rocky Mountain Bicycles, based in Saint-Georges, Quebec, has appointed Katy Bond as CEO. Company owner Raymond Dutil becomes executive chairman and coach of innovation.
NRF Says Economy ‘Being Rebalanced’ But ‘Extreme Cooling Off’ Seems Unlikely
The Federal Reserve faces “a tricky job” in addressing inflation but continuing growth in employment, wages and consumer spending make it unlikely the effort will backfire into a major setback for the economy, National Retail Federation Chief Economist Jack Kleinhenz said.
Rawlings Appoints President
Rawlings Sporting Goods Company, Inc. announced the promotion of Ronald Ostrowski from CFO to president effective immediately. He will continue to report to Mike Zlaket, CEO.
Signa Sports’ Q2 Sales Climb 48 Percent
Berlin-based Signa Sports United reported net revenue grew 48 percent in the fiscal second quarter ended March 31 to €269 million. The gains reflect the full contribution from the acquisitions of WiggleCRC and Tennis Express.
NSGA Adds New Board Members
The National Sporting Goods Association (NSGA) made two changes to its Board of Directors with the appointments of Troy M. Freeman of Winmark Corporation/Play It Again Sports and John Scipio of SV Sports. Their three-year terms took effect on June 1.
Levi Strauss Introduces Plan To Accelerate Growth
At its Investor Day, Wednesday, Levi Strauss & Co. set a goal to reach 2027 net revenue of $9 billion to $10 billion, reflecting 6 percent to 8 percent organic annual growth. The forecast marks an acceleration from its former annual growth rate in the range of 4 percent to 6 percent.
24 Hour Fitness Appoints President And CEO
24 Hour Fitness announced it appointed Karl Sanft as president and CEO. For the past three years, Sanft has worked at the company as chief operating officer overseeing its nationwide network of clubs.
Lax.com Acquires Zimagear
Lax.com, the online lacrosse specialty retailer, announced the acquisition of Zimagear.
