Peloton Expands Into Austria
Peloton announced its expansion into Austria, its fifth market outside the U.S., through an alliance with Sport-Tiedje and Amazon.
Signa Sports’ Largest Shareholder Terminates Equity Commitment Letter
Signa Sports United N.V., which in early October announced plans to delist its shares from the NYSE, said it had received a termination notice concerning the unconditional Equity Commitment Letter from Signa Holding GmbH, an affiliate of the company’s largest shareholder Signa International Sports Holding GmbH.
SFIA Launches Super Regionals Series
The Sports & Fitness Industry Association is launching a Super Regional Series in November, offering members, partners and industry leaders the opportunity to come together to discuss business insights and topics driving today’s sporting goods and fitness environment.
New Era Appoints General Manager for North America
New Era Cap LLC has hired Steve Gallo, most recently president of the recovery footwear brand Oofos, as general manager for North America after an extensive global search.
Grand Design and Camping World Partner on Store
Grand Design RV, a wholly-owned subsidiary of Winnebago Industries, and Camping World announced the opening of an exclusive Grand Design brand store in Green Bay, WI.
Lululemon Athletica to Join S&P 500 Index
Lululemon Athletica will join the S&P 500 index before the stock market opens on October 18.
Asics Names New President and CEO for North America
Koichiro Kodama will return to Asics North America as president and CEO, effective immediately. He was CEO of Asics North America from February 2019 until December 2020. He replaces Richard Sullivan, president and CEO of the North American business since January 2022.
REI Lays Off Nearly 275 Retail Employees
REI Co-op is laying off about 275 retail employees, roughly 2 percent of its in-store workforce, as the retailer implements updates to its store operations system and labor structure.
Consumer Sentiment Slides in October
The University of Michigan’s preliminary Index of Consumer Sentiment for October declined 7.5 percent from month-over-month in September to 63 from 68.1 and below the 67.4 reading that analysts had expected.
Under Armour Hires Gap Inc. Vet as Chief Supply Chain Officer
The company hired retail industry veteran Shawn Curran as chief supply chain officer, reporting to President and CEO Stephanie Linnartz. After three decades working at Gap, Inc., Curran will join Under Armour on October 16.
Decathlon to Open First Store in British Columbia
Decathlon plans to open a flagship store in spring 2024 at Metropolis at Metrotown, marking its first store in British Columbia and its 19th in Canada.
REI To Open Huntington Station Store
The 21,000-square-foot store in the Huntington Shopping Center in Huntington Station, NY will host a grand opening November 3-5. It is REI’s seventh store in the Tri-State area.
Sorel to Open Pop-Up in Brooklyn
The 900-square-foot space is opening from October 13 to 22 in the Williamsburg section of Brooklyn, NY and will be Sorel’s signature orange color.
Life Time to Acquire Arden Hills Athletic & Social Club Property in Sacramento
Life Time announced plans to acquire the property of Arden Hills Athletic & Social Club in Sacramento and reopen the facility as Life Time Arden in early 2024.
KUIU To Open Dallas Store for Direct-to-Consumer Brand
The company said that based on the active consumer base in Dallas, it’s the ideal location for a brick-and-mortar store. KUIU said being DTC-focused provides the company with data and insights on its customers.
