SGB Update Sports & Fitness
Rossignol Sells Felt Bicycles To Pierer Mobility
Rossignol has sold Felt Bicycles to Pierer Mobility, the owners of KTM motorcycles.
Recall: Olympic Dumbbell Handles
About 77,200 Olympic Dumbbell Handles sold at Dick’s Sporting Goods are being recalled.
Athleta’s Q3 Revenues Climb Two Percent
Gap Inc. reported comparable sales at its Athleta chain increased 2 percent year-over-year and 41 percent versus 2019. Companywide, Gap slashed its full-year guidance due to shipment delays.
Slinger Enters Poland With New Distribution Agreement
Slinger Bag announced the latest distribution agreement with Framework Sports to bring its Slinger Bag into Poland.
Mitchell & Ness To Ramp Up Store Openings
Mitchell & Ness plans to open five to six more stores in the U.S. in coming years, CEO Kevin Wulff said in an interview with the Philadelphia Business Journal.
Dick’s SG Q3 Profits Soar Past Wall Street Targets
Dick’s Sporting Goods again raised its outlook for the year after reporting third-quarter earnings that blew past Wall Street targets. Consolidated same-store sales for the third quarter increased 12.2 percent on top of a 23.2 percent increase in the third quarter of 2020 and a 6.0 percent increase in the third quarter of 2019.
L.L. Bean Sees Inventory Shortages In Coming Weeks
Speaking at Husson University’s Richard E. Dyke Center for Family Business, L.L. Bean’s CEO Stephen Smith said he expects inventory to run low by mid-December due to ongoing supply chain challenges.
Urban Outfitters Posts Record Q3 EPS And Revenues
Urban Outfitters Inc. reported net income of $89 million and record earnings per share of 89 cents in the third quarter ended October 31. Sales grew double-digits on a two-year basis.
NWSL, Nike Sign Long-Term Agreement
The National Women’s Soccer League and Nike signed a long-term agreement that extends a partnership that began with the league’s formation in 2012.
Club Champion Opens In Three New Markets
Custom club fitter Club Champion announced the opening of three new fitting studios, located in Dallas, TX; Columbia, SC; and Little Rock, AR. The studio in Little Rock is the first Club Champion studio in the state of Arkansas.
Candy Digital Hires Chief Marketing Officer
Candy Digital, Fanetics’ nonfungible token (NFT) company, has hired former Instagram executive, Andre Llewellyn, as chief marketing officer.
CVC, HPS To Buy Stake In Authentic Brands At $12.7BN Valuation
Authentic Brands Group (ABG) is shelving its planned initial public offering and instead plans to sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of existing stakeholders. The transaction values the company at $12.7 billion in enterprise value.
Pro Image Sports Opens In Syracuse
Pro Image Sports, the largest franchiser of licensed sports merchandise, opened a 4,000 square-foot store at Destiny USA in Syracuse.
Tennis Warehouse Becomes Official Footwear, Apparel Supplier To USPTA
USPTA announced a multi-year endorsement with Tennis Warehouse as the “Official Footwear and Apparel Supplier” of the USPTA starting December 1, 2021.
Oprah Winfrey, Reese Witherspoon Invest In Spanx
Oprah Winfrey, Reese Witherspoon and Bumble Inc. founder Whitney Wolfe Herd have joined funds manager Blackstone in investing in Spanx, Inc. The investment values the women’s shapewear brand at $1.2 billion.
