Signa Sports United N.V. announced an acceleration of its strategic realignment and performance enhancement program in light of continuing macroeconomic headwinds, oversupply in the market and the company’s severe liquidity and profitability challenges. In connection with the strategic realignment, the company will delist its shares from the NYSE and terminate its SEC reporting requirements. (Read More)
SGB Media reported its Top 20 most-read articles, and the coverage included many of the usual big brands and a few companies that have been silent of late. The Top 5 included articles about Sportsman's Warehouse, West Marine, Dick's Sporting Goods, Amer Sports, and Asics Corp., with Academy, Champion and Nike seeing high readership. (Read More)
Vuori, the Southern California-inspired activewear brand, is talking to investment banks about a potential initial public offering by the middle of next year. (Read More)
Fabletics appointed Thomas Fröhlke as vice president wholesale for Europe. Previously, he was head of sales for four years at Hunter Boots. (Read More)
The SEC on Friday charged Newell Brands and Michael Polk, its former CEO and current CEO of Implus, with misleading investors over financial accounting practices. The company and Polk agreed to a settlement with the SEC. (Read More)
Lululemon confirmed that it laid off approximately 120 Lululemon Studio employees following the announcement that it partnered with Peloton and the related discontinuance of its Mirror device. (Read More)
Dick's Sporting Goods plans to open a new store at Orchard Town Center in n Glen Carbon, IL, in spring 2025. (Read More)
Golf Datatech reported that golf equipment sales posted an increase in on-and off-course specialty stores in August after 11 consecutive months of contracting sales. Total golf equipment sales reportedly grew by almost 3 percent for the month in the channel, driven by the Woods and Golf Balls categories. (Read More)
Scott Zalaznik, Adidas' SVP of digital, is leaving the company, according to a report from Germany’s Manager Magazin. His successor is Tobias Seemann, who joins the company as SVP of global digital and e-commerce in October. (Read More)
The survey revealed that a plurality of respondents indicated that they preferred working out at the gym (47.4 percent). Still, a majority of respondents (52.6 percent) preferred to work out elsewhere. (Read More)
