SGB Update Sports & Fitness
Competitive Cyclist Partners With L39ION Of Los Angeles
Competitive Cyclist, an online retailer of cycling gear and apparel, and L39ION of Los Angeles, a professional cycling team, announced it had formed a multi-year partnership.
Dick’s SG Announces Opening Of Second Public Lands And Golf Galaxy Performance Center Locations
Dick’s Sporting Goods said it will expand the footprint of its Public Lands outdoor concept with the grand opening of its second Public Lands store in Columbus, OH on November 5. Dick’s will also open its second Golf Galaxy Performance Center, a redesigned concept featuring an “elevated experience for golfers,” in Woodbury, MN.
Accell Group Appoints Chief Supply Chain Officer
Accell Group N.V. appointed Francesca Gamboni as chief supply chain officer and member of its Board of Management.
Victorinox North America Appoints Director Of Watches
Victorinox North America has named Barbara Jackson to director of watches, Victorinox Swiss Army Inc. She previously held senior sales and marketing roles at John Hardy and Tag Heuer watch and jewelry.
Puma Signs High School Basketball Star
Puma signed 17-year-old prep phenom Mikey Williams to an endorsement deal, making him the first American high school basketball player to sign a sneaker deal with a global footwear company.
Fanatics And IOC Partner On Global Online Store
Fanatics and the International Olympic Committee (IOC) announced a new partnership to launch its first global e-commerce platform and Olympic store to support the upcoming Paris Games in 2024, Milano Cortina Games in 2026 and LA Games in 2028.
Certor Sports Appoints CEO, Prepares For New Headquarters
Certor Sports appointed Jim Heidenreich as CEO. The parent of Adams USA, Hollywood Bases, ProGear, Schutt Sports, Tucci, and VICIS, also announced plans to move its global headquarters to Plainfield, IN.
Adidas Renews NBA Marketing Partnership
Adidas announced that it would remain a global marketing partner of the NBA, the WNBA and the NBA G League.
Compass Diversified Delivers Significant Q3 Earnings Gain
Compass Diversified (CODI) reported significant improvement in earnings in the third quarter due to a gain on its sale of Liberty Safe. Earnings, excluding the gain, grew about a third due to the 2020 acquisition of BOA and a strong performance by its branded consumer companies.
Deckers Brands Sees 16 Percent Q2 Growth On Hoka Momentum
Deckers Brands reported sales increased 15.8 percent in its fiscal second quarter ended September 30, led by a 47.0 percent gain for Hoka One One. Ugg’s sales grew 8.0 percent. The company maintained its guidance for the year.
Rad Power Bikes Receives $154M Investment
Rad Power Bikes, an ebike manufacturer, announced $154 million in funding from existing investors.
Indiana’s McCleerey’s Sporting Goods Closes
McCleerey’s Sporting Goods in downtown Greenfield in Indiana has closed after 50 years in business, according to the Greenfield Reporter.
Nike Opening Store In Pinecrest Mall
Nike is opening a store in Pinecrest Mall in Orange Village, OH, about 15 miles from Cleveland, according to a report in Cleveland.com.
Escalade’s Q3 Sales Rise Four Percent
Escalade Inc. posted quarterly revenue of $81.3 million, an increase of 4.1 percent over the prior year. Quarterly diluted earnings per share were $0.43, a decline of 39.5 percent versus Q3 2020, and an increase of 140 percent versus Q3 2019. Earnings were impacted by higher transportation expenses, raw material costs, currency exchange rates, increased wage pressure, and inventory handling costs.
NRF Predicts Highest Holiday Retail Sales On Record
Holiday spending has the potential to shatter previous records, as the National Retail Federation forecasts that holiday sales during November and December will grow between 8.5 percent and 10.5 percent over 2020 to between $843.4 billion and $859 billion. NRF President and CEO Matthew Shay said, “There is considerable momentum heading into the holiday shopping season.”
