SGB Update Sports & Fitness
HanesBrands Updates Guidance on Pending Acquisitions
HanesBrands, the parent of Champion, raised its 2016 sales guidance while slightly lowering its EPS guidance to reflect the expected contributions from the pending acquisitions of Champion Europe and Pacific Brands Limited as well as debt refinancing
Dick’s SG Sets Openings for Quincy, IL and Gainesville, FL
Dick’s Sporting Goods set grand opening celebrations for stores in Quincy, IL and Gainesville, FL
Sports Authority Lease Auction Set for June
Sports Authority has hired A&G Realty Partners to take bids an a June auction for the retailer’s remaining 320 leases.
Under Armour Takes Hit on Sports Authority Bankruptcy
Under Armour Inc. said it was revising its previously issued outlook for the full year and second quarter of 2016 following recent developments related to the bankruptcy of The Sports Authority. The company will take a $23 million impairment charge.
Schuylkill Valley Sports to Open Store in Reading, PA
Schuylkill Valley Sports announced plans to open a new location in Reading, PA.
Foot Locker Appoints SVP, Real Estate
Foot Locker, Inc. appointed Scott Martin as senior vice president – real estate. Martin joins Foot Locker, Inc. from Gap, Inc.
Outdoor Gear Canada to Distribute Marzocchi
Fox Factory Holding Corporation and Outdoor Gear Canada (OGC) have reached a multi-year distribution agreement making OGC Marzocchi’s exclusive distributor for Canada.
Salewa Honors Winter 2015/16 Reps
Salewa North America, which distributes the Dynafit, Salewa, Wild Country and Pomoca brands in the United States and Canada, announced it’s sales rep awards.
RYU Apparel Closes $1.7M Private Placement
RYU Apparel Inc., the maker of fitness apparel, closed the second tranche of the previously announced $1.7 million private placement.
Reebok Encourages New Yorkers to CrossFit for Lunch
Reebok last week encouraged New Yorkers to put their out-of-offices on and hit the gyms at lunchtime with a fitness offer that encouraged physical activity to break up the work day. The fitness brand put on challenges at set CrossFit boxes throughout Manhattan.
Atmosphere Will Present TNF Endurance Race in Ontario
The North Face named Atmosphere as a presenting sponsor of The North Face 2016 Endurance Challenge Series Ontario event, which will be held at Blue Mountain Resort on July 16-17, 2016.
Adidas Group Divests Mitchell & Ness
The Adidas Group entered into a definitive agreement to sell its Mitchell & Ness business to a newly formed entity primarily owned by Juggernaut Capital Partners.
Amazon Announces New Fulfillment Centers
Amazon.com, Inc. (NASDAQ: AMZN) announced plans to open three new fulfillment centers, including two in California.
The North Face Tips its Hat to Retiring Rockies Sales Principal
The North Face announced the retirement of Ed LaJoy, principal of The Skylark Group, brand sales agency partner for the Rockies territory, with Kari Larsen assuming responsibilities for LaJoy.
’47 Dubs New National Accounts Manager for Lifestyle
’47, a privately-held sports lifestyle brand, added to its sales force by hiring John Rabik, who will lead as National Accounts Manager, Lifestyle.
