SGB Update Sports & Fitness
Obama Nudges TPP Process Forward
The administration’s release of a draft statement on the Trans-Pacific Partnership indicates its intent to push the deal through a lame duck Congress.
The TJX Companies Inc. Grew Q2 Comps 4 Percent
The off-price retailer, which serves as a clearance outlet for athletic and outdoor apparel brands, increased net sales 7 percent in the quarter ended July 30.
Wolverine World Wide Updates Buy Back Plans
The owner of Merrell, Sperry and Saucony said its board approved a plan to repurchase $300 million shares and issue a $250 million, 10-year senior note.
Dick’s SG Beats Q2 Earnings Guidance
The retailer handily beat its guidance for consolidated net income and same-store sales growth in its latest quarter thanks to strong growth in online sales.
361 Degrees 1H Sales Up Nearly 16 Percent
The leading international sportswear brand based in China reported its KIds, online and international business lead growth in the six months ended June 30.
Dick’s Sporting Goods CFO Departs
The retailer, which is expected to report its second-quarter earnings Tuesday morning, said its COO will fill the role until a successor can be found.
Former Ugg President Lands at Vionic
Rishwain will oversee product, marketing and sales at Vionic, and she also joins its board of directors.
Sporting Goods Store Sales Slowed in July
Retail sales at sporting goods stores decreased 2.2 percent seasonally adjusted month to month and increased 1.9 percent unadjusted year over year in July, estimated the National Retail Federation.
Skullcandy Rejects Unsolicited Bid
The action sports-inspired audio brand accepted and then rejected two acquisition offers from a company over the weekend after the bidder waffled.
Research Unveils Sexism in Sports Language
The language of sports is still highly sexist, according to new research published by the Cambridge University Press.
PSG Shares Plunge Amidst Legal Review
Performance Sports Group said directors’ decision to hire a law firm to vet its annual report will cause it to file late and violate covenants with lenders.
Nike Celebrates Iron Nun in ‘Unlimited Youth’ Film
Nike film “Unlimited Youth” celebrates athlete Sister Madonna Buder and her determination to defy conventional conceptions of age.
Fabletics Opens Brick-and-Mortar in Denver
Fabletics, the subscription-based activewear and accessories e-tailer founded by actress Kate Hudson, will open a brick-and-mortar shop in Denver at the Cherry Creek Shopping Center.
The Bar Method Celebrates 15th Anniversary
The Bar Method, a barre-based fitness company, will celebrate its 15th anniversary with promotions, a new Express Class and a #WhyDoYouBar campaign.
Speedo Launches Digital Coaching Tool
Speedo International launched “Swim Coach,” a free digital coaching tool with over 200 expert-designed workouts by elite Speedo athletes to help fitness enthusiasts reach their fitness goals.
