SGB Update

Sports Fandom Increases, Powered By New Digital Platforms

A new study by Nielsen and LaLiga Tech shows Millennial and Gen Z consumers are following more sports competitions than Gen X and Boomers but strongly prefer streaming and mobile experiences, including fantasy games.

Nike’s Q4 Tops Wall Street Targets

Nike, Inc. reported earnings in its fiscal fourth quarter ended May 31, down 5 percent year-over-year but topped Wall Street estimates. Sales were down one percent as a 7 percent decline in its wholesale segment was offset by a 7 percent gain in direct sales. 

Camber Outdoors Names CEO 

Camber Outdoors announced that they hired Tiffany Smith as CEO. Most recently, she was the chief development officer for the organization. Smith steps into the new role effective immediately.

Holo Footwear To Move Headquarters To Grand Rapids

Holo Footwear moved its headquarters from Portland, OR to downtown Grand Rapids, MI, opening its e-commerce operations and creating 61 jobs and $1.6 million in capital investment for the state.

Compass Diversified Joins Russell 2000 And 3000 Indexes

Compass Diversified (CODI) announced that it has been added to the Russell 2000 and 3000 Indexes at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. stock market opens Monday.

Genesco Appoints Board Member

Genesco, Inc. announced that the independent directors of the Genesco Board unanimously selected Gregory A. Sandfort as its lead independent director, effective June 23, 2022. 

BSN Sports To Acquire Eastbay Team Sales Business

BSN Sports announced that it has entered into an agreement to acquire substantially all of the assets of the Eastbay Team Sales business from Foot Locker Retail, Inc., a subsidiary of Foot Locker.