SGB Update

Amped Fitness Acquires Four Gyms In Florida

Amped Fitness announced it acquired four former YouFit gyms in Florida, enabling the fitness chain to enter four new markets. The company expects to open the gyms in September 2023.

The Buckle’s June Same-Store Sales Dip

The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 5-week period ended July 1, 2023, decreased 2.4 percent from comparable store net sales for the 5-week period ended July 2, 2022.

Lululemon Launches On Zalando

Expanding on its presence in Europe, Lululemon agreed that Zalando, a European online fashion and lifestyle platform, would be its preferred European online retail seller.

Compass Diversified Board Member Retires

Compass Diversified, owner of Velocity Outdoor, BOA, Marucci, Primaloft, 5.11, and other businesses in the active lifestyle space, announced that C. Sean Day had retired from its Board of Directors, effective June 30, for personal health reasons. Heidi Locke Simon, a former partner at Bain & Company, replaced Day.

Fanatics Partners With Rakuten To Serve Japanese Sports Fans

Fanatics reported it launched its first online marketplace in Japan, opening a store on Rakuten Ichiba, operated by global internet services leader Rakuten Group, to improve access to licensed sports merchandise for customers in Japan.

General RV Breaks Ground On 15th Dealership

General RV Center, the largest family-owned RV dealer in the U.S., held a groundbreaking ceremony for its 15th supercenter store in South Weber, UT, its second general RV store in the state.

Kit And Ace Acquired By Unity Brands

Kit and Ace, the technical apparel company started by Lululemon Athletica founder, and ex-CEO, Chip Wilson and his family, was reportedly acquired by Unity Brands, the company run by Canadian retail veteran Joe Mimran.

Adidas HR Chief To Depart This Month

Adidas AG reported that Amanda Rajkumar, executive board member and labor director of Adidas, responsible for global human resources, people and culture, informed the company’s Supervisory Board that she would not renew her contract, which expires in December 2023 and is leaving the company on July 15. Adidas provided no reason for Rajkumar’s decision.

Sig Sauer Adds New General Counsel

Laurence Grayer joined Sig Sauer as EVP, general counsel and chief compliance officer as a business partner to provide counsel while furthering corporate business objectives.

Adidas Partners With Roma

Adidas signed a long-term partnership with Roma to become the Italian soccer club’s new kit supplier, replacing New Balance.