SGB Update Sports & Fitness
BowFlex Inc. Delisted from NYSE; Assigned New Stock Symbol for OTC Market
The company’s common stock has been assigned the symbol “BFXXQ” with respect to quotations on the over-the-counter market, following its delisting from the New York Stock Exchange.
G-III Apparel Swings to Q4 Profit as Owned-Brands Increase as Share of Business
The company said it delivered strong growth with DKNY, Karl Lagerfeld and Vilebrequin, increasing penetration of its higher margin, owned brands to 47 percent of fiscal 2024 net sales, up from 40 percent last year.
Fleet Feet Strengthens Leadership Team; Expands Roles To Fuel Growth
With a network of almost 200 franchise stores, Fleet Feet continues its commitment to nurturing and supporting the success and health of its franchisees.
Dick’s Sporting Goods Sees Q4 Comps Up 2.8 Percent As Net Grows 26 Percent
Dick’s Sporting Goods expects fiscal 2024 full-year comparable store sales growth to be in the range of 1.0 percent to 2.0 percent and net sales in a range of $13.00 billion to $13.13 billion.
Franklin Sports Extends MLB Partnership Now In 40th Year
Brand adds official on-field product category and expands commitment to support MLB’s key growth initiative as exclusive equipment partner of Play Ball.
Fossil Group Names Interim CEO and Board Director as Kartsotis Steps Down
Jeffrey Boyer, the company’s EVP and chief operating officer since April 2021, was appointed interim CEO and as a member of the Board of Directors, effective immediately.
Under Armour Shakes Up C-Suite as Plank Assumes CEO Role, Gives Up Board Chair
Under Armour, Inc. Founder Kevin Plank will become president & CEO of the company, effective April 1, 2024. Plank will succeed Stephanie Linnartz, who will be stepping down as president & CEO and member of the Board of Directors.
Soccer Post Acquires Soccer Pro, Continues Growth as Largest Soccer Specialty Retailer in the U.S.
For over three decades, Soccer Post has sold soccer apparel, footwear and gear to enthusiasts, clubs, athletes, and families in the U.S. and is one of the leading national omni-channel specialty retailers.
Brand Velocity Group Adds New Principal to Investment Platform
Daniel Hodges joins BVG from Alliance Consumer Growth where he was a principal responsible for deal sourcing and execution, and portfolio company oversight.
Foot Locker, Inc. Names Executive VP and Chief HR Officer
Cindy Carlisle brings over 24 years of leadership experience to the role. She joined Foot Locker, Inc. from Stryker Corp., where she was group vice president of human resources.
CNBC/NRF: February Retail Sales Continued Growth Trend, Boosted by Leap Day
Accounting for the extra day in February, total adjusted retail sales MoM softened from an increase of 1.06 percent to an increase of 0.4 percent. Core retail sales also softened from an increase of 0.95 percent to an increase of 0.27 percent.
Kohl’s Swings to Q4, Full Year Profit as Retailer Posts Best Comps Since 2010
The store business had its best comparable sales performance since 2010 and the retailer managed inventory down 10 percent at year-end. Net income was $186 million in Q4, compared to a net loss of $273 million in Q4 2022.
Brooks Appoints Dan Sheridan Next CEO as Jim Weber Plans Departure
Jim Weber will step down as CEO of Brooks Running Company this spring after 23 years in the position. Dan Sheridan, company president and chief operating officer, will succeed Weber as CEO, effective April 26, 2024.
On Holding Continues Strong DD Growth into Q4 with DTC Leading the Way
The company said the strength and increasing awareness of the On brand drove record-high traffic to the brand’s website and retail stores worldwide, resulting in a 46.2 percent direct-to-consumer share, the highest in the company’s history.
NRF Reports Import Cargo Returning to Normal After Red Sea Disruptions
Inbound cargo volume at the nation’s major container ports remains on track to show year-over-year increases through the first half of 2024.
