SGB Update Sports & Fitness
Foot Locker’s Q1 Misses Street Targets
Said Lauren Peters, EVP and CFO, “Even with first quarter sales that ran below expectations, we believe our inventory is still well positioned to drive improved top line results over the balance of the year. At the same time, we are aggressively reviewing and implementing opportunities to lower expenses as we work to achieve a mid-single digit EPS increase for the full year.”
SIA Agrees To Sell Snow Show To Emerald Expositions
Emerald Expositions, the parent of Outdoor Retailer, Surf Expo and Interbike, has reached an agreement to acquire the Snow Show from SIA. The merger is positioned to lead to a combined winter trade show.
Hibbett Sports Re-Elects Two Board Members
Hibbett Sports Inc. re-elected two directors to three-year terms that expire with the 2020 annual meeting. They include Anthony F. Crudele and Ralph T. Parks.
Under Armour To Start MLB Deal In 2019, Not 2020
The full switch to Under Armour for on-field apparel is now set for the 2019 season.
PHIT Support From Congress Growing
In less than three months, the Personal Health Investment Today (PHIT) Act has gained support from 50 Members of Congress with the addition of Congressman Joe Barton (R-Tex.) on Thursday.
Dick’s To Open Three Additional Stores In May
With the grand opening of new stores in Georgia and California, Dick’s will have 697 locations in the country.
OrthoLite Renews Run Partnerships
OrthoLite renewed its partnerships with Girls on the Run and the American Trail Running Association.
Xenith Partners To Title Sponsor Prep Kickoff Classic
The Detroit Sports Commission (DSC) appointed Xenith, a Detroit-based football helmet and equipment manufacturer, the official title sponsor of the Prep Kickoff Classic, the premier season-opening high school football event in Michigan.
Foot Locker Foundation Supports College Dreams For 20 High School Students
Stated Richard Johnson, chairman and chief executive officer, Foot Locker, “With today’s escalating costs of college tuition and student debt, our commitment to education has become more important than ever.”
Flywheel Sports Brings Cycling Experience To Homes
The streaming content platform includes live and on-demand classes filmed in a state of the art production studio in New York.
Perry Ellis Q1 Tops Guidance
Perry Ellis International reported earnings and sales both exceeded internal guidance in the first quarter with “particular strength in Golf Lifestyle Apparel and Nike Swim.”
Hibbett Sports’ Q1 Profits Slide
Hibbett Sports Inc. reported earnings in the first quarter slumped 25.1 percent as same-store sales decreased 4.9 percent. Earnings landed at the high end of guidance provided on April 27.
American Hiking Society Appoints Executive Director
Kathryn Van Waes will step into the leadership role on June 5, 2017.
TYR Partners With Escape Triathlon Series
The events are a new qualifying series for the 2018 Escape from Alcatraz Triathlon, which TYR is also sponsoring.
Varsity Brands Hosts School Spirit Awards
The event, presented by BSN Sports, Varsity Spirit and Herff Jones, recognizes schools, school groups and individuals who go the extra mile to build school pride, student engagement and community spirit.
