SGB Update

Humon Wins HYPE Foundation’s Innovation Competition

The HYPE Foundation, a platform that connects and invests in sports innovation, in partnership with Asics and WeWork,  announced that Humon, a fitness wearable start-up, has won the Global Sports Innovation (Spin) Competition that took place in Boston on October 12.

NRF Supports NAFTA

National Retail Federation President and CEO Matthew Shay said in an op-ed published on The Hill that the United States should work to modernize the North American Free Trade Agreement but should not withdraw from the agreement.

Fanatics Forms Fanatics College Division

Fanatics has acquired the collegiate licensing services practice of Atlanta-based Fermata Partners from CAA Sports, while forming Fanatics College, a new division of the company specifically servicing collegiate partners across the country.

Hibbett Sports Launches Social Media Sneaker Contest

Hibbett Sports announced a new social media contest in honor of National Sneaker Day on November 5. The month-long promotion will kick off on October 16, 2017 and one weekly giveaway recipient will be selected each Friday until November 17, 2017.

Nordstrom Suspends Efforts To Go Private This Year

Nordstrom Inc. announced that members of the Nordstrom family have notified the Special Committee of the Board of Directors of Nordstrom that they have suspended active exploration, for the balance of the year, of the possibility of proposing a transaction to take the company private.

Amazon Working On Athleisure Line

Amazon has partnered with two well-known Taiwanese sportswear manufacturers – Eclat Textile Company and Makalot Industrial Co. – to develop its own line of athletic apparel, according to a report from Bloomberg.

Nike Runs Rare Flash Sale

Nike last week ran a 48-hour Nike Flash Sale offering discounts as much as 40 percent on more than 200 items on its website.

Obesity Among U.S. Adults Hits All-Time High

According to a new report from the Centers for Disease Control and Prevention, almost 40 percent of American adults and 18.5 percent of adolescents are obese — the highest rates ever recorded for the U.S.

Firearms Exports And Imports Tumble In July

Imports and exports of handguns, rifle, shotguns and other hunt categories fell broadly and sharply in July, according to US International Trade Commission compiled by the NSSF.