Sports/Fitness | Page 820 | SGB Media Online

Sam’s Club To Close 63 Locations

January 12, 2018 SGB Update

The company will convert up to 12 of the impacted clubs to eCommerce fulfillment centers in a move that will speed delivery of online orders, with the balance of the facilities closing over the next few weeks.

Shiekh Shoes Battles Over DIP Financing Replacement

January 11, 2018 SGB Executive

Shiekh Shoes, in bankruptcy proceedings since November 29, is seeking court approval for a new $5 million term loan on more generous terms from the owner’s brother to replace its debtor-in-possession facility. However, Comvest, a junior secured lender, has objected to the new financing and is pushing for a liquidation.

Tag Heuer Launches First Celebrity Fundraising Challenge Benefiting Cycle For Survival

January 11, 2018 SGB Update

Tag Heuer ambassadors participating in the fundraising challenge include Tom Brady, quarterback, New England Patriot;Patrick Dempsey, American Actor; and Tim Howard, goalkeeper, U.S. Men’s National Soccer Team.

Tough Mudder Unveils 2018 New Obstacles

January 11, 2018 SGB Update

Tough Mudder Inc., announced a new twist on obstacles for the 2018 event season by unveiling the biggest structure to ever hit the obstacle course racing industry, Happy Ending, presented by Merrell, and Kong Infinity, the first obstacle in company history to be designed by members of the global tribe of more than 3 million Mudders.

Kering To Spin Off Majority Stake in Puma

January 11, 2018 SGB Update

Luxury group Kering said it intends to spin off a majority stake in Puma by distributing the stake to its own shareholders. The spinoff is expected to lead to a greater free float of Puma stocks, providing investors an enhanced possibility to invest in Puma, and allowing the company to reaffirm its business strategy.

Assos To Sponsor Cylance Pro Cycling Team

January 11, 2018 SGB Update

As part of Assos’ initiative to further support and promote women in cycling, the two-year sponsorship of the UCI Women’s World Tour Team will include custom apparel kits for all seasons. The commitment to Cylance Pro Cycling marks Assos’ first partnership with a women’s pro team.

Report: GoPro Hires J.P. Morgan To Explore Sale

January 11, 2018 SGB Update

After slashing its fourth-quarter outlook and stating it would cut about a quarter of its workforce, GoPro has hired J.P. Morgan to explore a sale, according to reports from CNBC and Reuters.

Fitbit Pay Backed By Wells Fargo

January 11, 2018 SGB Update

Wells Fargo & Company announced that Wells Fargo is partnering with Fitbit to launch Fitbit Pay to its customers, giving them the ability to conveniently and securely make purchases at merchants whose payment terminals are set up to accept near-field communication (NFC) payments.

More Companies Expanding Health And Wellness Programs

January 11, 2018 SGB Update

According to a survey from staffing firm OfficeTeam, two-thirds of HR managers (66 percent) reported their organization has expanded their health and wellness offerings in the past five years. And these efforts haven’t gone unnoticed: 89 percent of workers said their company is supportive of their wellness goals.