SGB Update

Activist Investor Acquires Stake in Nike

Pershing Square Capital, the $12+ billion dollar hedge fund run by activist Bill Ackman, has reportedly acquired a passive stake in Nike Inc.

REI Adventures Expands Adventures Offerings

REI Adventures, the active travel company of national outdoor co-op REI, announced at the New York Times Travel Show the launch of 30 new trips. The itineraries, including the expansion of REI’s easy active and family adventures, position the industry leader for continued growth to meet the diverse interests and abilities of its broadening traveler base.

Dick’s Opens Regional Distribution Hub in Conklin, NY

Dick’s Sporting Goods Inc. opened a regional distribution facility at the Broome County Corporate Park, 9.4 miles south of Binghamton, in Conklin, NY. The hub is expected to create over 450 full-time jobs during the next five years in the Southern Tier.

NRF: Super Bowl Spending Expected to Climb

American adults are expected to spend an average $81.17 for a total of $15.3 billion as an estimated 188.5 million people watch the New England Patriots take on the Philadelphia Eagles in the Super Bowl next month, according to the annual survey released by National Retail Federation and Prosper Insights & Analytics.

WFSGI Appoints Board Members After Successful Year

The World Federation of the Sporting Goods Industry has appointed three additional members to their Board of Directors to serve for the current term lasting until 2020 at its General Assembly on the 27th of January 2018 at ISPO Munich.
 

Payless Announces Realignment of Organizational Structure

In an effort to continue its emphasis on “serving the customer,” Payless ShoeSource announced that as part of its ongoing transformation, it has taken steps to realign its North America retail organizational structure.

Adidas Originals Releases ‘Original is Never Finished’ Film

Adidas Originals released its latest film, “Original Is Never Finished | 2018,” featuring a wide range of its ambassadors across music, style and sport. The cast includes Dua Lipa, Miles Silvas, Playboi Carti, Lu Han, A$AP Ferg, Nick Young, Kaytranada, Florencia Galarza, Marcelo Vieira and Adrianne Ho.

The North Face to Build Public Climbing Wall in Denver

The North Face announced plans to build its first free, public climbing wall within the underserved Montbello neighborhood in northeast Denver. The project marks the first of a “series of public climbing walls” it plans to build in a partnership with The Trust for Public Land.

OBIT: Warren Miller

Warren Miller, the legendary ski filmmaker, died Wednesday night at 93.

Newell Brands Exploring Sale of Rawlings

Newell Brands announced plans to shed assets, including possibly the Rawlings brand, and close factories as it concentrates on nine core consumer divisions.