SGB Update

Colorado Classic Sets 2020 Dates

The Colorado Classic, presented by VF Corp., plans to return next year on August 27-30, 2020 (pending UCI approval of the dates) with a similar all-women’s format, along with VF as the presenting sponsor, organizers announced Wednesday. 

Conservation Alliance Contributes $900,000 In Grants To 22 Organizations

The Conservation Alliance sent grants totaling $900,000 to 22 organizations working to protect wild places throughout North America. This is the organization’s single largest grant disbursal since The Conservation Alliance was founded in 1989. The grants put the organization on track to contribute $2 million in 2019, another record.

Vans To Donate $1 Million On Vans Checkerboard Day

Vans on Wednesday announced the inaugural Vans Checkerboard Day to be held on November 21, 2019. The brand, which is owned by VF Corp., will donate $1 million of global sales made through the brand’s owned retail locations and Vans.com to Imagination.org, powered by Two Bit Circus Foundation.

Wolverine World Wide Announces New $400 Million Share Repurchase Program

Wolverine World Wide Inc. on Wednesday announced that its board of directors has approved a new, four-year share repurchase program, authorizing up to $400 million in share repurchases that is incremental to the remaining balance of the company’s share repurchase program that was authorized in February 2019.

JCPenney Announces Colin Dougherty as SVP, Finance

J. C. Penney Co. Inc. announced that Colin Dougherty, a senior executive with more than 25 years of finance experience, will join the company on September 23 as senior vice president, finance, reporting to CFO Bill Wafford.

Aqua Lung Group Names Matthieu Bazil CEO

Aqua Lung, a designer, manufacturer and distributor of dive and watersports equipment for 75 years, has appointed Matthieu Bazil as CEO, effective immediately. Bazil will be based from the Aqua Lung Group offices in Carros, France.

Peloton Looks To Raise Over $1 Billion In IPO

Peloton Interactive Inc, the Indoor cycling startup, is seeking raise as much as $1.16 billion in its IPO, according to an updated filing with the Securities & Exchange Commission.

Patagonia Sues Amazon Reseller

Patagonia is suing third-party seller Kimberly McHugh for selling Patagonia-branded products through Amazon and other platforms without authorization, according to thefashionlaw.com.

Ex-Adidas Consultant T.J. Gassnola Avoids Prison In College Hoops Scandal

Thomas “T.J.” Gassnol, a former Adidas consultant, was sentenced Tuesday to one year of probation after prosecutors credited him with helping secure convictions of three others involved in a college basketball corruption scandal. He faces a one-year supervised release, two months of home confinement and electronic monitoring, along with a $100 fine, according to ESPN.

JD Sports Seeing Modest Improvement At Finish Line

JD Sports reported Finish Line’s comps grew 3 percent in the first half and showed slight improvement in product margins. The sixth JD Sports banner opened in the U.S. with success being found in expanded apparel range. A JD Sports’ Times Square location is scheduled to open in spring 2020.

Elan Sports USA Carries Momentum Into 2019/20 Winter Season

Slovenian-based ski maker Elan Skis is surging into the 2019/20 winter season with momentum in the U.S. market thanks to an updated office that houses the recently formed subsidiary of Elan Sports USA, new internal hires, an expanded rep force, a renewed contract with Glen Plake and the introduction of new product.

FloSports Announces Acquisition Of DirtonDirt.com

FloSports, a leading producer oflive digital sports and original content, announced the acquisition of DirtonDirt.com and all of the Bloomington, IL-based company’s owned and operated entities. DirtonDirt is the home on the internet for Dirt Late Model racing and its community.