SGB Update Sports & Fitness
Vans Brand and Americas Region Continue as Biggest Issues for VF Corp. Turnaround
TNF was down 5 percent in Q4, with brand DTC up 6 percent in reported terms or up 7 percent in constant-currency (CC) terms. Vans was reportedly down 26 percent (-27 percent CC) year-over-year (YoY) for the period,
E-Commerce Brands Unite Under New Company, Nameplate
Omni is the parent company of Bodybuilding.com, Pier 1.com, DressBarn.com and Mentorbox.com, and owns the intellectual property of Modell’s Sporting Goods, Franklin Mint, SteinMart, Linens-N-Things, and Ralph & Russo.
Breakthrough Golf Technology Inks Japan Distribution Deal
BGT, founded by golf industry veteran Barney Adams, reported it secured an exclusive distribution partnership with Sports TMC, Ltd., a Japanese distributor of golf products.
SFIA Promotes Kerman and Hoffman to New Roles in the Organization
Alex Kerman is now the association’s senior director of research and business operations and Chandler Hoffman is director of membership and technology.
Report: Golf Equipment Sees Sales Decline at Specialty Cut into YTD Trend
The best-performing category was Putters, which grew 14 percent YoY for April, followed by Wedges (+11 percent) and Distance Devices (+2 percent).
Insite Performance Hires Nike Veteran as Director of Innovation
Dr. Caleb Dyer brings over a decade of experience to the role in engineering footwear polymers, having served as a material innovator, Polymer Lab manager and lead chemical engineer at Nike since 2012.
Topgolf Names New Chief People Officer
Maryam Morse will reportedly oversee “recruitment and retention, leadership development, training and compliance, the Playmaker (aka employee) experience and Topgolf’s internal mental well-being platform.”
Imperial Headwear Acquires Pukka
Imperial, the headwear manufacturer founded in 1916 and owned by CPC, rcompleted the acquisition of Pukka, a designer, manufacturer and marketer of custom headwear in the golf, action sports and team sporting goods markets based in Findlay, OH.
Report: Cities in Florida Top U.S. Charts in Freelancer Population and Revenue Growth
The 7th Annual Freelance Economic Impact Report also identifies major growth across Texas while traditional business hubs like San Francisco and New York remain stagnant.
Target Corp. Sees Flattish Bottom Line in Q1 as Comps Fall in the Mid Singles
Total revenue for the quarter was down 3.1 percent year-over-year to $24.5 billion, said to reflect a total sales decline of 3.2 percent and a 3.9 percent increase in other revenue.
Fanatics Signs Retail and Merchandising Partnership with R&A
The long-term deal covers eCommerce, event and physical retail, memorabilia, and licensing rights and will offer consumers the “largest assortment of Open and AIG Women’s Open merchandise ever assembled.”
TJX Ups Full-Year EPS Guidance as Q1 Comps Rise 3 Percent
The company said it saw comp sales growth at every division entirely driven by customer transactions, which underscores the strength of our value proposition.
Lululemon Re-Works Product, Brand Teams as Product Chief Sun Choe Departs
Jonathan Cheung, the global creative director, will drive product design, innovation and product development. Nikki Neuburger will become chief brand and product activation officer. Elizabeth Binder, chief merchandising officer, will report to Neuburger.
Peloton to Sell New Notes, Enter Into Billion Dollar Term Loan Facility
The company will offer $275.0 million aggregate principal amount of convertible senior notes due 2029 in a private offering and enter into a $1.0 billion five-year term loan facility and a $100.0 million five-year revolving credit facility
WHP Global Inks Lotto Licensing Deal for Brazil
Dray Industria e Comercio Ltd has operated in Brazil for three decades, being one of the primary references in the country’s sporting goods segment. The company is headquartered in Saudades in Santa Catarina.
