SGB Update

Timberland Treks Into The Metaverse Via Fortnite

Timberland has stepped into the metaverse with the launch of its semiannual Construct: 10061 design program within Fortnite to engage customers in an updated product design process that blends physical and virtual experiences. 

Playermaker Raised $40 Million In Funding Round

Playermaker, the manufacturer of the wearable sports performance tracker, has raised $40 million in funding to date, led by Ventura Capital Group, with additional investment by MIG Capital, Pegasus Tech Ventures, and others.

Polygiene Group Hires New CFO

Polygiene Group, the maker of antimicrobial technologies and odor control solutions based in Sweeden, has appointed Niklas Blomstedt as its chief financial officer, succeeding current CFO Nina Forsvall.

Nike And Apple Team Up On Sports Content

Apple has finalized a multi-year first-look feature deal to develop and produce sports films with Nike-owned studio Waffle Iron Entertainment for the Apple TV+ streaming service. 

i9 Sports Opens 200th Location

Tampa Bay-based i9 Sports, the youth sports league franchise, recently announced opening its 200th location.

Caleres’ Debt Rating Outlook Revised Upward

S&P Global Ratings revised its rating on Caleres, Inc. to positive from stable. The rating agency noted that Caleres reported stronger-than-expected sales and margin expansion in the first quarter of fiscal 2022 across its two main brands, with sales returning to about pre-pandemic levels, reflecting the strengthening consumer demand.

F45 To Open First Hotel Studio At Hilton Austin

F45 Training Holdings, Inc. announced plans to break ground on a new fitness studio at the downtown Hilton Austin, TX, the first F45 studio to operate inside a hotel worldwide.

May Retail Sales Unexpectedly Decline Amid Inflationary Pressures

Retail sales fell 0.3 percent in May from the prior month, the Commerce Department said Wednesday. Economists surveyed by Refinitiv expected sales to rise 0.2 percent. May marked a slowdown from the gain of 0.7 percent in April and the first decline in retail sales in five months.

Campers Inn RV Acquires Forrest Marine And RV Center

Campers Inn RV has acquired Forrest Marine & RV Center in Tyngsboro, MA. The dealership will remain under the name Forrest Marine & RV Center as it transitions into the Campers Inn RV organization.

Nike Concept Store Opens In Hong Kong

UAE retailer GMG announced the opening of a new Nike concept store in Hong Kong. The store is located in the East Point City shopping mall in the Hang Tau district.

Mountainsmith Expands With Three New Hires

Mountainsmith, the Colorado-based gear manufacturer specializing in hiking and camping, announced it appointed Kipp Godfrey as a sales and service rep, Lora Buboltz as an e-commerce marketplace manager and Nirveek Shah as a graphic designer.