SGB Update Apparel

Compass Diversified Joins Russell 2000 And 3000 Indexes

Compass Diversified (CODI) announced that it has been added to the Russell 2000 and 3000 Indexes at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. stock market opens Monday.

BSN Sports To Acquire Eastbay Team Sales Business

BSN Sports announced that it has entered into an agreement to acquire substantially all of the assets of the Eastbay Team Sales business from Foot Locker Retail, Inc., a subsidiary of Foot Locker.

Lids To Open Next To NBA Store In Manhattan

Lids will open a store at 545 Fifth Avenue in New York City, next to the National Basketball Association (NBA) store, which Lids manages on behalf of the NBA.

Employees At REI’s Berkeley, CA Store Seek To Unionize

Employees working at REI’s Berkeley, CA store have asked the outdoor retailer to recognize their intent to form a union, according to Berkleyside.org; this comes after employees working at REI’s Manhattan store in March voted to create the first union at the co-op.

Infinited Fiber Company Plans $420 Million Factory

Finnish recycled fiber company Infinited Fiber plans to build its first commercial-scale Infinna fiber factory at Stora Enso’s Veitsiluoto industrial site in Kemi, Finland’s northernmost region of Lapland. The size of the planned investment is around €400 million ($420 mm).

BreakingT Partners With NWSL

BreakingT, the fan apparel maker based in Washington, DC, entered into a licensed apparel agreement with the National Women’s Soccer League (NWSL).

Tennis Participation Outpaces All Racquet Sports

With an increase of nearly 5 million players since 2019, tennis participation in the United States is outpacing that of all other racquet sports, according to new analysis from Sports Marketing Surveys.

Nike To Fully Exit Russia

Nike plans to fully exit from Russia following its move three months ago to suspend operations there at the start of the Ukraine invasion, Nike said in an e-mailed statement to Reuters.