Sports/Fitness Research

Adidas Court Order Freezing $75M Held by Kanye’s Yeezy Brand Overturned

May 30, 2023SGB Updates

A federal judge on Friday (May 26) lifted a court order Adidas won last year that secretly froze $75 million in bank accounts held by Kanye West’s Yeezy brand. (Read More)

Sports Warehouse To Pay $300,000 For Data Breach

May 30, 2023SGB Updates

Sports Warehouse, which owns the online sporting goods websites Tennis Warehouse, Running Warehouse, Skate Warehouse and Tackle Warehouse, will have to pay $300,000 in penalties to the state of New York and strengthen its cybersecurity measures after being found liable for failing to protect 2.5 million consumers’ personal data, according to a statement from New York's Office of the Attorney General (OAG). (Read More)

Peloton Tread+ Rear Guard Repair Approved

May 29, 2023SGB Updates

Peloton announced that the CPSC has approved a rear guard for the Peloton Tread+, which will end the recall on the Tread+ later this year. (Read More)

Lululemon To Expand Vancouver Headquarters, Commits To Hiring 2,600

May 29, 2023SGB Updates

Lululemon plans to expand its headquarters in Vancouver with a promise to create 2,600 jobs over the next five years. Calvin McDonald, CEO, Lululemon, said in a statement, “This program provides us with the opportunity to bring global talent to our hometown of Vancouver, supporting our people to collaborate and innovate together as they build long and meaningful careers at Lululemon." (Read More)

Von Maur Department Store To Open First North Dakota Store Location

May 26, 2023SGB Updates

Von Maur Department Store plans to open a 90,000-square-foot store at West Acres Mall in Fargo, ND. Scheduled to open in Spring 2025, this will be the first Von Maur location in North Dakota. (Read More)

Let Me Run Names Executive Director

May 26, 2023SGB Updates

Let Me Run has named Richard Sexton as its new executive director, effective immediately. Sexton replaces Emily Battle, who has helmed the nonprofit physical and emotional wellness program for boys since 2019. (Read More)

Hibbett Reduces Full-Year Guidance On Q1 Miss

May 26, 2023SGB Updates

Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, ""Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss." (Read More)

Athleta’s Q1 Revenues Slide 11 Percent

May 25, 2023SGB Updates

Gap Inc. reported net sales at its Athleta women's activewear chain fell 11 percent in the first quarter to $321 million. Gap said Athleta's sales "were impacted by continued product acceptance challenges." (Read More)

Deckers Brands Gets Another Big Lift From Hoka In Q4 As Ugg Declines

May 25, 2023SGB Updates

Deckers Brands reported net sales increased 7.5 percent to $791.6 million in the fiscal fourth quarter ended March 31. On a constant-currency basis, net sales increased 10.2 percent. Hoka brand net sales increased 40.3 percent while Ugg brand net sales decreased 2.7 percent. (Read More)

Lolë Acquires Époque Évolution

May 25, 2023SGB Updates

Lolë, the Montreal-based activewear and outerwear brand, reported it acquired Époque Évolution a sustainability-focused women's apparel brand based in San Anselmo, CA. (Read More)

Adidas Court Order Freezing $75M Held by Kanye’s Yeezy Brand Overturned

Sports Warehouse To Pay $300,000 For Data Breach

Peloton Tread+ Rear Guard Repair Approved

Lululemon To Expand Vancouver Headquarters, Commits To Hiring 2,600

Von Maur Department Store To Open First North Dakota Store Location

Let Me Run Names Executive Director

Hibbett Reduces Full-Year Guidance On Q1 Miss

Athleta’s Q1 Revenues Slide 11 Percent

Deckers Brands Gets Another Big Lift From Hoka In Q4 As Ugg Declines

Lolë Acquires Époque Évolution

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