June 23, 2023
With just a few exceptions, sporting goods retailers are planning to grow or at least maintain their store fleets this year, despite short term headwinds from inflation, rising interest rates, and economic uncertainty.
The lulunatics have not had much success finding a buyer for their connected fitness white elephant, despite slashing the value by nearly 90%, according to the NY Post.
The Eager Beavertons fell eight places to rank 21st in Kantar Brandz 2023 list of most valuable global brands, pegged at $74,890 million, a 32% decline from last year.
DBI’s effort to buy back $100 million worth of its shares for between $7.00 and $8.00 per share wasn’t cutting the mustard now that it’s trading above $9.00, so it raised the modified “Dutch auction” tender offer to a range of $8.75 to $10.00.
Under Dog has decided to eliminate approximately 50 corporate roles across several functions, as part of its ongoing “PTH-3” restructuring plan initiated by new CEO, Stephanie Linnartz.
The Los Angeles police recovered $7 million worth of Nike sneakers in a raid on a warehouse in Torrance, CA, KCAL News reported.