REI Set To Open Stores in Colorado And Missouri
SGB UpdatesREI Co-op on Friday, July 22 plans to open the doors to new stores in Glenwood Springs, CO, and Town and Country, MO. (Read More)
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Inov-8 Appoints New CEO
SGB UpdatesInov-8 announced that Mike Snell would join the company as its new CEO in October 2022. Snell will leave his current role as commercial director for supermarket chain Asda in September 2022 before joining the UK-founded and headquartered brand. (Read More)
LifeStraw Introduces Peak 8L Gravity Filtration System
PR Partner Press ReleaseLifeStraw launched its large capacity Peak Series 8L Gravity Water Filter Systems, designed for... (Read More)
Nike’s Stock Hit By Weak Guidance
SGB ExecutiveShares of Nike fell about 7 percent Tuesday toward a two-year low after the company reported earnings for the fiscal fourth quarter that topped Wall Street estimates but warned that surging transport costs and a strong U.S. dollar would eat into profit margins over its coming fiscal year. (Read More)
Blast To Launch Esports Apparel In Partnership With Nike
SGB UpdatesBlast, the Esports entertainment company, has launched an esports-inspired Nike branded apparel collection. (Read More)
Florence Marine X Announces New GM, Hawaii
SGB UpdatesFlorence Marine X, an outdoor apparel company co-founded by two-time world champion surfer and Olympian John John Florence, announced that it had named Joel Centeio as GM, Hawaii. (Read More)
Tivity Health Sold To Stone Point Capital
SGB UpdatesTivity Health, which includes SilverSneakers, Prime Fitness and WholeHealth Living, has completed the acquisition by funds managed by Stone Point Capital for $32.50 per share in cash. (Read More)
Everlast Launches Mobile Platform, Everlast Fitness
SGB UpdatesEverlast launched its online platform, Everlast Fitness, dedicated to boxing taught by Everlast fighters and certified professional trainers. (Read More)
Skechers Opens Superstore In New Jersey
SGB UpdatesSkechers announced it had opened its largest East Coast retail store in New Jersey. The 22,000-square-foot superstore is at The Mills at Jersey Gardens. (Read More)
Emerald Acquires Advertising Week Global Event Platform
SGB UpdatesEmerald Holding, Inc. announced that it had completed the acquisition of all the business assets under the name Advertising Week from Stillwell Partners. (Read More)
Pou Sheng Names New CEO, Chairman
SGB UpdatesPou Sheng, Yue Yuen’s Chinese retail subsidiary, appointed Wang Jun as CEO, effective July 1, succeeding Shao-Wu Lee who is stepping down to become chairman. (Read More)
Obit: Luxottica Founder Dies At 87
SGB UpdatesLeonardo Del Vecchio, the chairman of eyewear giant EssilorLuxottica and founder of Luxottica, has passed away at the age of 87. (Read More)
Anon Appoints General Manager
SGB UpdatesAnon, a maker of ski and snowboard helmets, goggles and sunglasses owned by Burton, has named Mark Wakeling as general manager. (Read More)
USWE Sports AB Acquires Giant Loop
SGB UpdatesUSWE Sports AB, a publicly traded backpack company based in Malmö, Sweden, has acquired Bend, OR-based Giant Loop LLC, a powersports brand known for its innovative off-road motorcycle soft luggage designs. The transaction is scheduled to close on July 1. (Read More)
Eleiko USA Appoints President
SGB UpdatesEleiko, the supplier of strength equipment, appointed Magnus Nyberg as president of Eleiko USA. (Read More)
Sports Fandom Increases, Powered By New Digital Platforms
SGB UpdatesA new study by Nielsen and LaLiga Tech shows Millennial and Gen Z consumers are following more sports competitions than Gen X and Boomers but strongly prefer streaming and mobile experiences, including fantasy games. (Read More)
Nike’s Q4 Tops Wall Street Targets
SGB UpdatesNike, Inc. reported earnings in its fiscal fourth quarter ended May 31, down 5 percent year-over-year but topped Wall Street estimates. Sales were down one percent as a 7 percent decline in its wholesale segment was offset by a 7 percent gain in direct sales. (Read More)
Camber Outdoors Names CEO
SGB UpdatesCamber Outdoors announced that they hired Tiffany Smith as CEO. Most recently, she was the chief development officer for the organization. Smith steps into the new role effective immediately. (Read More)
Wilson Opens Third New York City Store
SGB UpdatesWilson Sporting Goods Co. opened its third store in New York City at Columbus Circle. (Read More)
Holo Footwear To Move Headquarters To Grand Rapids
SGB UpdatesHolo Footwear moved its headquarters from Portland, OR to downtown Grand Rapids, MI, opening its e-commerce operations and creating 61 jobs and $1.6 million in capital investment for the state. (Read More)