SGB Update

Olympia Sports’ IP And Customer Info To Be Auctioned

The intellectual property and related assets of Olympia Sports, which filed for bankruptcy last September to liquidate its remaining 35 stores, are on the selling block, including the trademarks for Olympia Sports, Clever Training and Surf Outfitter.

Nike Partners With University Of California

Nike has agreed to replace Under Armour as its official provider of apparel, footwear and other gear for the University of California, Berkeley. Nike partnered with BSN Sports on a three-year agreement with the University, effective July 1, 2023.

Salesforce: U.S. 2022 Holiday E-Commerce Sales Up 5 Percent

Salesforce released its 2022 holiday recap of November and December shopping data, which showed that consumers spent $1.14 trillion online globally, flat year over year (YoY) and $270 billion in the U.S., up 5 percent from the 2021 period.

Adidas Loses Trademark Lawsuit Over 3-Stripe Design

Adidas lost a trademark infringement lawsuit Thursday that the company brought against Thom Browne, the American fashion designer, after claiming the fashion brand used its “three stripes” logo design without permission.

Therabody Names CEO

Therabody hired Monty Sharma as president and chief executive officer. Co-founder and CEO Benjamin Nazarian becomes Therabody’s executive chairman, effective immediately.

Fitbench Adds VP Of Sales

Fitbench tapped the expertise of 25-plus-year industry veteran Brian Weaver as vice president of sales.

Rawlings To Retain Miken Sports Plant In Caledonia

Rawlings reportedly made its Miken Sports plant in Caledonia, MN the North American headquarters for its slow-pitch business; this follows the company’s announcement in July 2021 that said it would close the plant within two years.

And1 Founder Helping Launch Pro Dodgeball League

The Professional Dodgeball League (PDBL) was founded in 2022 by entrepreneur Adam Majewski with investor and advisor Tom Austin of AND1. The League features the best 96 dodgeball players in the U.S. who will compete on national television.