SGB Update Sports & Fitness

Dick’s Hikes Quarterly Dividend By 12 Percent

Dick’s Sporting Goods Inc.’s board of directors authorized and declared a quarterly dividend of 17 cents per share on the company’s common stock and class B common stock.

Baseball America Sold

An ownership group led by Alliance Baseball, LLC, completed its purchase of Baseball America, from TEN: The Enthusiast Network.

CF Athletic Partners With Cage Warriors

CF Athletic, the owner of the CF and Cagefighter MMA apparel brands based in Columbus, OH, formed an exclusive apparel partnership with Cage Warriors, the premier MMA fighting organization in Europe and the Middle East.

Cascade Designs To Attend Outdoor Retailer

In a statement, Cascade Designs, the Seattle-based manufacturer of outdoor gear including the Therm-a-Rest, Mountain Safety Research (MSR), SealLine, Platypus and PackTowl brands, said it “strongly believes that in coming together as a $646 billion dollar industry we will be a more powerful and meaningful force in protecting our nation’s public lands.”

The North Face Sticks With Outdoor Retailer Show

In a letter to the outdoor industry, Scott Baxter, group president, The North Face, said the best way to protect public lands is “by staying at the OR show at this time.” He added, “We must be louder and stronger than our opposition and that means everyone coming together. We can’t do that if we leave the OIA to fight on their own – with fewer resources.”

Asics’ 2016 Earnings Stung By U.S. Weakness

Asics Corp. reported operating earnings in the year were down modestly primarily due to foreign exchange losses. A double-digit drop in the U.S. and the strong yen led to a decline in revenues.

Hibbett’s Q4 Earnings Miss Guidance

Hibbett Sports Inc. said it expects earnings to slump between 28 to 30 percent in the fourth quarter, well below guidance, as same-store sales slid 2.2 percent.

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Nike Takes A Stand For Equality

This campaign is supported by a new film – featuring LeBron James, Serena Williams, Kevin Durant, Megan Rapinoe, Dalilah Muhammad, Gabby Douglas and Victor Cruz – that amplifies the voice of athletes, using the power of sport to create conversation, inspire people to act and press for lasting change in their communities.