SGB Update

GNC Donates $200,000 To The FitOps Foundation

GNC Holdings Inc. (GNC) pledged to donate $200,000 to the FitOps Foundation, an organization that trains and certifies veterans as elite personal trainers. GNC loyalty members who give will be entered into a sweepstakes to win a VIP experience with WWE star John Cena at PERFORMIX House in New York City.

Sportsman’s Warehouse Opens Eight New Locations

Sportsman’s Warehouse opened eight new stores on October 19, 2019 as part of its recent acquisition of Field & Stream stores. Grand opening celebrations at each location will be held October 25 and 26.

Nordstrom’s Chief Accounting Officer Resigns

Nordstrom Inc.’s senior vice president, chief accounting officer and treasurer, Kelley Hall, resigned from her post, effective November 1, according to a regulatory filing.

Gildan Cuts Guidance On Weaker Printwear Demand

Gildan Activewear significantly reduced ts full-year guidance after citing weaker than expected imprintable demand in North America and ongoing softness in international imprintable markets.
 

Barneys Agrees To Sell To Authentic Brands-Led Group

Barneys, the luxury chain that filed for bankruptcy in August, reached an agreement to sell its assets to Authentic Brands Group (ABG) and investment bank B. Riley Financial for $271.4 million in cash.

Revonte Appoints Uwe Daniel VP Of Sales

E-bike supplier Revonte Ltd. has appointed Uwe Daniel as vice president sales. He will join the management team of CEO Otto Chrons, COO Antero Jalkanen and CTO Iiro Peltola.

Fitt Adds New Funding, Strategic Investor In Mindbody

Fitt, a location-based platform that connects people to healthy living experiences across fitness, food, outdoors, and events, announced it has completed an investment round. Mountain State Capital led the round with participation from Riverfront Ventures and Mindbody, as well as continued support from previous investor TNC Ventures.