SGB Update Sports & Fitness
BSN Sports Announces Partnership With National Pro Fastpitch
BSN Sports, a division of Varsity Brands, announced a partnership with National Pro Fastpitch (NPF), the United States’ leading professional women’s softball league. The move marks BSN Sports’ latest investment in the growth and success of female athletics – and women’s softball in particular.
Play It Again Sports Parent Expands Earnings In 2019
Winmark Corp., the parent of Play It Again Sports, reported earnings rose 10.4 percent in the fourth quarter to $8.46 million, or $2.08 per share, from $7.66 million, or $1.83, for the same period last year.
Tokyo Olympics May Be Cancelled If Coronavirus Not Contained By Late May
The 2020 Tokyo Olympics are more likely to be canceled than moved or rescheduled if by late May the coronavirus outbreak is deemed too dangerous to go ahead with the original schedule, according to International Olympic Committee member Dick Pound.
Planet Fitness Sees Q4 Same-Store Sales Climb 8.6 Percent
Planet Fitness Inc. reported earnings in the fourth quarter ended December 31 rose 20.6 percent on an adjusted basis as revenues climbed 9.8 percent.
Golf Celebrity Gary McCord To Speak At NSGA Management Conference
Gary McCord, the popular golf television analyst, author and speaker, has signed on as a keynote speaker at the National Sporting Goods Association (NSGA) 56th Annual Management Conference & 22nd Annual Team Dealer Summit.
SquadLocker Attracts $20 Million Investment
SquadLocker, a leading uniform and custom team gear provider, announced the closing of a $20 million Series C funding round led by late-stage growth company investor ABS Capital Partners.
Big 5 Warns Of Q1 Loss
Big 5 Sporting Goods Corp. reported earnings of $356,000, or 2 cents share, in the fourth quarter, rebounding from a loss a year ago. But the retailer said it expects a loss in the first quarter as winter weather conditions have softened significantly over the course of the period. Same-store sales are currently running down approximately 10 percent in the quarter.
Modell’s Releases List Of Planned Store Closures
Modell’s Sporting Goods’ list of the 19 stores it plans to close includes nine locations in its hometown of New York City. The retailer initially said it planned to close 24 stores but rent concessions will keep five open.
GymShark To Open First Pop-Up Store
GymShark, the U.K.-based fitness apparel start-up, announced the opening its first-ever pop-up store in Central London.
Modell’s Issues Statement Seeking Outside Investor
Modell’s Sporting Goods on Monday announced that the retailer was formally launching a “crowdsourcing campaign” to find an outside investment to support the retail business. The company also said that on Saturday, Mitchell Modell, CEO and one of his landlords negotiated a deal to reverse the closure of four stores that were announced last week.
Wilson Adds International Padel Star Fernando Belasteguín To Advisory Staff
Wilson Sporting Goods Co. announced it has signed global padel star Fernando Belasteguín, known as “Bela,” to its advisory staff.
Asics Rolls Out New Campaign Timed For U.S. Marathon Trials
Asics North America unveiled two new commercial spots at the center of their new 2020 North American “I Move Me” brand marketing campaign. The spots will make their television debut during the U.S. Marathon Trials on February 29.
The Dick’s Sporting Goods Foundation Partners With Lindsey Vonn
In conjunction with The Dick’s Sporting Goods Foundation, The Lindsey Vonn Foundation (LVF) has established The Dick’s Foundation Sports Matter Scholarship for underprivileged youth athletes across the country.
Brooks Sports Sees 3.5 Percent Revenue Gain In 2019
Brooks Sports saw sales climb 3.5 percent in 2019 despite the opening of a new distribution center that presented logistical challenges, according to the annual report of the running brand’s parent, Berkshire Hathaway.
Modell’s To Close 24 Stores
Modell’s Sporting Goods, which is seeking an outside investor to shore up its balance sheet, is closing 24 of its 141 locations.
