SGB Update

Peloton Fiscal Q2 Results Surge Past Wall Street Targets

Peloton Interactive Inc. narrowed its loss in the fiscal second quarter ended December 31, boosted by revenues coming well above Wall Street targets. The connected fitness leader also provided an upbeat outlook and also indicated it no longer intends to sell Precor.

Ugg Parent Sues Walmart For Patent Infringement

Deckers Brands, the parent of Ugg, Hoka and Teva brands, filed a lawsuit in California Central District Court against Walmart, charging the retailer infringed on copyrighted product designs.

Wiley X Opens New HQ In Frisco, TX

As Wiley X, the family-owned eyewear brand celebrates its 35th Anniversary, it also opened its new headquarters in Frisco, TX.

Canada Goose Offers Resale Platform To Consumers

Canada Goose launched a re-commerce platform, Canada Goose Generations, providing an authorized reselling platform that “keeps Canada Goose products in circulation, giving them a second, third and fourth lifetime,” according to a company release.

Under Armour Adds Two To Board As Saunders Departs

Under Armour, Inc. appointed Carolyn Everson and Patrick Whitesell to its board of directors effective February 1, 2023. Longtime UA board member Harvey Sanders will retire on March 31, 2023. 

Nike To Open Store In Tigard 

Nike plans to open a store in Tigard, OR, a suburb of Portland, at the Bridgeport Village lifestyle center.