SGB Update

Sports Direct Owner Acquires Luxury Website

Frasers, the U.K.-based parent of Sports Direct, has acquired Coggles, an online seller of designer fashion, from THG as part of a multi-year partnership that also includes Frasers using THG’s technology in some parts of its business.

Stan’s NoTubes Hires Product Manager and Engineer

Brendon Brogan was hired by Stan’s NoTubes as a product manager and Kai Gabriel as an engineer, who interned for the company while attending Penn State University for mechanical engineering with a minor in engineering design.

Pickleball Kingdom Partners with The Kitchen

Pickleball Kingdom, the indoor pickleball entity, announced an exclusive partnership with The Kitchen, the media website, podcast, and YouTube channel dedicated to pickleball.

Garmin Appoints Co-COOs

Patrick Desbois and Brad Trenkle were promoted to the newly created role as co-chief operating officers (Co-COO), effective July 1, 2024. Desbois had been Garmin’s EVP of operations, while Trenkle led the company’s outdoor segment.

Skeeter Boats Appoints New General Manager

John Clark was the assistant GM, and his responsibilities included managing daily operations, staff, facilities, and Skeeter’s long-term vision. He joined the company in 2006.

Sierra Bullets and Barnes Bullets Appoints New CEO

Most recently, Jim Bruno, the new CEO, was president at Vista Outdoors’ Bushnell unit, which holds many brands in its portfolio, including Bushnell, Simmons, Primos, Hoppes, Champion, Gold Tip, BeeStinger.

Nike Faces Shareholder Lawsuit Over DTC Strategy

A Nike, Inc. shareholder has filed a securities class action in the District of Oregon’s Portland division, claiming the company misled investors about the financial effects of prioritizing direct-to-consumer sales. Plaintiffs are seeking class-action status, an unspecified amount in damages and a jury trial.

Athleta-Parent Hires Chief Technology Officer

Prior roles for Sven Gerjets include chief information officer, Time Warner; SVP, information technology, DirecTV; chief technology officer, Pearson; director, global e-commerce, Symantec. Most recently, Gerjets was the EVP and chief technology officer from July 2017 to May 2024 at Gap, Inc.

Report: Retail Sales Show Signs of Stabilization in May

The latest report from Circana reveals that U.S. retail sales, encompassing discretionary general merchandise and consumer packaged goods (CPG), have experienced a 1 percent growth, with consumers adapting their spending habits in response to moderating price pressures.