SGB Update Sports & Fitness
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.
Kitzuma Cycling Logistics Adds LeMond, Alchemy And Eminent
Kitzuma Cycling Logistics is adding three more bike manufacturers to the growing list of brands employing their bike-delivery service: LeMond Bicycles, Alchemy Bikes and Eminent Cycles.
GU Energy Labs Announces Leadership Change
GU Energy Labs has promoted Magdalena Boulet to President.
Nike Partners With Roblox On Virtual World
Nike announced a partnership with Roblox to create a virtual world called NIKELAND. Users will be able to dress up their avatars in Nike-branded footwear and apparel.
Athleta Opens Second Canadian Store In Toronto
Athleta, part of San Francisco-based Gap Inc., opened a new 4,800-square-foot retail store at Yorkdale Shopping Centre in Toronto.
Nike Announces 11 Percent Increase In Quarterly Dividend
Nike, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.305 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 11 percent.
Delta Apparel Q4 Revenues Climb 6 Percent
Delta Apparel Inc. reported earnings rose 38 percent in the fiscal fourth quarter ended October 2 as sales rose 5.9 percent on comparable thirteen-week quarters.
Slinger Bag Enters Puerto Rico With New Distribution Agreement
Slinger Bag announced its latest distribution agreement with Trading and Logistics Group, Inc. to bring it business to the tennis community in Puerto Rico.
Nordstrom Partners With Fanatics To Enter Sports Fan Category
Nordstrom and Fanatics announced a new long-term partnership through which Nordstrom.com customers will have access to shop Fanatics licensed sports fan product.
Macy’s Q3 Same-Store Sales Jump 37 Percent
Macy’s Inc. significantly raised its earnings outlook for the year after reporting third-quarter results that exceeded expectations. Comparable sales jumped 35.6 percent versus 2020 and 8.7 percent versus 2019.
Kohl’s Lifts Full-Year Outlook As Q3 Earnings Eclipse Analyst Targets
Kohl’s Inc. raised its full-year 2021 financial outlook after reporting third-quarter net sales and earnings that easily exceeded Wall Street expectations. Third-quarter comparable sales jumped 14.7 percent against a year-ago decline of 13.3 percent.
TGA Premier Sports Acquired By Youth Athletes United
TGA Premier Sports (TGA), the largest youth sports franchisor specializing in junior golf, has been acquired by Youth Athletes United.
Topgolf Knoxville Commences Construction
Topgolf Entertainment Group announced construction efforts for Topgolf Knoxville are underway as the company prepares to welcome the Knoxville-area communities in 2022 to its newest venue in Tennessee.
Compass Diversified Announces Strengthened Capital Structure
Compass Diversified (CODI) completed its previously announced offering of $300 million in aggregate principal amount of 5.000 percent senior unsecured notes due 2032 in a private offering. In conjunction with the completion of this offering, CODI has reduced its revolver borrowings by $297 million and now has access to approximately $583 million of its $600 million revolving credit facility.
