The Conference Board reported that its Consumer Confidence Index rose to 110.7 million in December, up from a downwardly revised 101.0 in November in an indication that concerns about a recession in the U.S. are lessening. The Index improved for the third consecutive month, reaching its highest level since July.
Author: SGB Media
Tonal Launches Trade-In Program for Lululemon Mirror Customers
Tonal launched a “Mirror Trade-In” program for Lululemon Studio customers as Lululemon phases out the fitness device.
Study: Gen Z and Boomers Most Likely to Shop In-Store
ICSC wrote that while Gen Z grew up with digital and mobile technology, their penchant for in-store shopping at times exceeds that of the generations that grew up shopping in physical stores.
MSG Names Oura official partner of the New York Knicks
Oura will be the presenting partner of two original content series that will run across Knicks digital channels, one which spotlights the key role that strength and conditioning plays within the organization and the other custom content with Knicks Guard Jalen Brunson.
SKLZ Launches Speed Gates to Elevate Athlete Training
The Speed Gates set includes four cones, four sensors, a timer, and a carry bag. Athletes set up a start and finish gate using the light indicators and run the distance between them.
Authentic Partners with Former Boardriders Execs to Manage Japan, Taiwan
BRJ Group, led by Sammy Yoo, a 13-year veteran of the Boardriders’ portfolio, will operate business in Japan and Taiwan, which includes the Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element and Von Zipper brands.
Electric Scooter Company Bird Lands in Bankruptcy Court
Electric vehicle company Bird Global filed for bankruptcy with an agreement to sell some of its assets to its existing lenders.
EoS Fitness Opens Gym Near Cal State Fullerton
EoS Fitness opened its 14th venue in California with a new fitness center in Fullerton, close to Cal State Fullerton. EoS Fitness on Chapman Avenue reportedly boasts 39,000-plus square feet of workout space accessible 24 hours a day, seven days a week.
UCM Athletics Extends Apparel Contract with BSN/Nike
The University of Central Missouri Board of Governors approved a five-year contract extension with BSN and Nike to provide apparel for the University’s Athletic department.
Gildan Board Responds to CEO Ouster Backlash Coming from One-Third of Shareholders
The fiasco consuming the Gildan Activewear Board of Directors continues to worsen as the first large investor that cried foul last week after the Board ousted the CEO has increased its stake in the company and is now urging the company to take immediate action.
Topgolf Breaks Ground in Greensboro, NC
Topgolf recently broke ground on a new two-level venue in Greensboro, NC, set to open in late 2024, and is part of a shopping center development also under construction.
Liberated Brands Gets Nod from Authentic to Manage Boardriders Brands Down Under
Authentic expanded its partnership with Liberated Brands to build the Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element, VonZipper, Honolua, and other businesses in Australia, New Zealand, Thailand, and Indonesia.
Kohl’s Expands Board of Directors to 13 Members with Latest Appointment
Wendy C. Arlin, who, most recently, was the CFO for Bath & Body Works, Inc., reportedly brings more than three decades of experience in corporate finance, financial reporting, oversight and accounting, with deep expertise in the consumer industry.
Frasers Group Acquires Matches
Frasers Group, the parent of Sports Direct, agreed to acquire luxury e-tailer Matchesfashion, recently renamed Matches, for £52 million ($63 million).
Woolrich Appoints Creative Director, Woolrich Black Label
Woolrich named Todd Snyder, founder of Todd Snyder New York, as creative director of its new Woolrich Black Label collection.
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