SGB Update

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.

The Bay Names New President

The Bay, the Canadian luxury department store chain, reported that Iain Nairn, president and CEO, would retire in January 2023. Sophia Hwang-Judiesch has been appointed president of The Bay and Hudson’s Bay, comprising both the store and digital businesses.

Specialized Lays Off 8 Percent Of Its Workforce

Specialized Bicycle Components announced it was laying off 8 percent of its employees, including company-owned retail stores in the U.S. and overseas, as part of a “transformation.”

Life Time To Open Fitness Club In Prospect Heights

Life Time reached an agreement with the Brodsky Organization and Greenland USA to open a new athletic club at the recently opened Brooklyn Crossing development in Prospect Heights, Brooklyn.

Compass Diversified Divests Electronics Company Holding

Compass Diversified (CODI), which owns Velocity Outdoor, BOA, Marucci, Primaloft, 5.11 and others in the active lifestyle space, entered into a definitive agreement to sell its majority-owned subsidiary, Compass AC Holdings, Inc., the parent company of Advanced Circuits, Inc., to APCT, Inc., a manufacturer of printed circuit boards and the portfolio company of Industrial Growth Partners.

Anta Sports Sees Modest Decline In Q4 Revenue

Anta Sports reported that sales for the fourth quarter of Anta-branded product, in terms of retail value, declined in the high-single-digits compared to the same period in 2021.

Crocs’ Debt Ratings Outlook Revised To Stable

S&P Global Ratings revised its outlook on Crocs, Inc. to stable from negative on expectations that the company’s revenue and EBITDA would continue to grow despite a challenging macro environment.