SGB Update Sports & Fitness
Hibbett’s Q3 Comps Gain 13 Percent
Hibbett Inc. reported flat earnings in the third quarter ended October 30 as sales grew 15.2 percent against challenging comparisons in the year-ago period. Same-store sales in the third quarter climbed 13.0 percent against a 37.4 percent jump a year ago. Hibbett again raised its full-year guidance as results topped Wall Street’s targets.
BSN Sports Acquires Illinois’ Winning Streak
BSN Sports, a division of Varsity Brands, announced that it has acquired Winning Streak, Inc. based in Dupo, IL.
Jordan Brand Chief Marketing Officer Exits
Sean Tresvant, most recently chief marketing officer for Nike’s Jordan Brand, has been named Global Chief Brand Officer for Taco Bell, effective January 10, 2022.
Play It Again Sports Parent Partners With USA Hockey
Winmark, the parent of Play It Again Sports, has reached an agreement to become the official resale partner of USA Hockey and also an official partner of the organization.
Flagg Bicycle Group Acquires Terry Bicycles
The Flagg Bicycle Group announced that it acquired women’s cycling company Terry Bicycles. Liz Robert will remain president, CEO and shareholder in the company, now named Terry Precision Cycling, and will continue to lead its existing staff at its facility in Burlington, VT.
Sparc To Run U.S. Reebok Operations For Authentic Brands Group
Authentic Brands Group (ABG) signed a long-term strategic partnership with Sparc Group to become the core licensee and operating partner for Reebok in the U.S. Sparc, a joint venture between ABG and Simon Property Group, operates Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand and Nautica, among other brands.
Xponential Fitness Signs Master Franchise Agreement In New Zealand
Xponential Fitness Inc. announced that it has recently signed a Master Franchise Agreement in New Zealand for three of its brands: CycleBar, StretchLab and Rumble.
NRF: Nearly 180 Million Shop Over Thanksgiving Holiday Weekend
According to the annual survey released by the National Retail Federation and Prosper Insights & Analytics, nearly 180 million Americans shopped during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday. The number of shoppers compares with 186.4 million shoppers in 2020 but exceeded the NRF’s initial expectations by over 21 million and is in line with the average of the last four years.
CCM Hockey Appoints Board Member
CCM Hockey announced the appointment of Jennifer Botterill as a new Board Director. Botterill is a Canadian athlete and has remained in sports as a broadcaster for over ten years.
Delta Apparel’s CFO To Resign
Delta Apparel Inc. announced that Deborah Merrill, its CFO and president, Delta Group, has submitted her resignation. Simone Walsh has been appointed the company’s vice president, chief financial officer & treasurer. Merrill has agreed to continue working with the company to transition her responsibilities to Walsh through January 22, 2022.
Adidas Partners With Brooklyn Nets
Adidas and the Brooklyn Nets announced they had formed a multi-year partnership central to connecting with kids through basketball.
Adventure Cycling Association Appoints Executive Director
Jennifer O’Dell has been named Executive Director of Adventure Cycling Association as the organization prepares to invest in a new initiative for 2022.
Adobe: Cyber Monday Online Sales Drop 1.4 Percent
According to data released by Adobe Analytics, consumers spent a total of $10.7 billion on Cyber Monday, which is down 1.4 percent year-over-year; this marks the first time Cyber Monday has shown a decline in sales since Adobe began tracking the figure in 2012.
Beachbody Expands Board
The Beachbody Company, Inc. announced the appointment of Kristin Frank, CEO of AdPredictive, to its Board of Directors, effective November 24, 2021.
Nike Delivers Tribute To Virgil Abloh
Nike delivered an official statement honoring the memory of Virgil Abloh, the acclaimed fashion designer who passed away at the age of 41 Sunday from a rare form of cancer.
