Orvis Sets Layoffs and Store Closures; Discontinues Catalog
Vermont-based Orvis, founded in 1856, announced plans to lay off 112 employees, close some of its retail stores and discontinue its iconic catalog “to enable a smaller and more agile business.” “Orvis is in a period of business evolution that requires us to think differently.
Study: Consumers Are Returning to Brick & Mortar Stores Post …
Nov 25, 2024 · According to a new consumer survey from First Insight, a customer-driven AI-powered retail platform, consumers have returned to shopping brick-and-mortar in significant numbers this holiday season amid a notable cutback in post-election seasonal spending.
Report: Pickleball Specific Facilities Grew 55 Percent Last Year But ...
Nov 15, 2024 · For the third consecutive year, pickleball is the fastest-growing sport in America, according to The Sports & Fitness Industry Association’s (SFIA) Topline Participation Report.
SGB Media Online | Active Lifestyle Market B2B Information
The company has signed a definitive agreement under which Erik Nordstrom, Pete Nordstrom and Jamie Nordstrom, and other members of the Nordstrom family will own 50.1 percent and El Puerto de Liverpool, S.A.B. de C.V. (Liverpool), will own 49.9 percent of Nordstrom, Inc.
Adidas Signs First High School Women’s Basketball NIL Player
Nov 14, 2024 · Adidas signed Kaleena Smith as an athlete partner and its first high school women’s basketball NIL player. This is also the first for Candace Parker, president of Adidas women’s basketball.
Report: Private Golf Clubs are Vital Contributors to National and …
Nov 19, 2024 · Methodology: This report, managed by Professor SoJung Lee, Ph.D., of Iowa State University, and Ray Cronin, founder of Club Benchmarking, used data from the Club Benchmarking database. The study covered operations from 2023, with data analysis conducted from November 2023 to April 2024. The project received contributions from Iowa State University, Florida Atlantic University and the ...
Fromuth Racquet Sports Acquires Tennis-Point - SGB Online
Jun 14, 2024 · Online retailer Tennis-Point, formerly owned by Signa Sports United, was acquired by Fromuth Racquet Sports. Tennis-Point was formerly Midwest Sports, owned and operated by Greg and Lisa Wolf for over 30 years before being acquired by Signa Sports United in 2021 and changed the company’s name.
EXEC: Nike, Inc.’s Debt Ratings Outlook Lowered by S&P
Oct 20, 2024 · S&P Global Ratings downgraded its debt ratings outlook on Nike, Inc. as the company pulled its financial guidance for the fiscal year ending May 2025 and postponed its investor day amid a strategy shift and CEO transition.
Academy Sports’ Debt Ratings Raised by S&P | SGB Media Online
Oct 3, 2024 · S&P Global Ratings raised Academy Sports And Outdoor Inc.’s debt rating because the retailer has sustained S&P’s adjusted leverage well below the 2x area despite modest EBITDA margin contraction.
Beyond Yoga Sees Sales Growth Moderate in Fiscal Q4
Jan 29, 2024 · Beyond Yoga reported a solid year in fiscal 2023, with sales up 14 percent for the fourth quarter and 19 percent for the full year, achieving revenues of over $115 million.