SGB Update

Rebag Adds Apparel And Footwear

Rebag, the luxury resale marketplace founded in 2014 with a focus on handbags, accessories, fine jewelry and watches, is expanding its offerings, beginning to include select apparel and footwear.

Nike Invests $3M In Michigan HBCU

Pensole Lewis College of Business & Design, an HBCU in Michigan owned by footwear designer D’Wayne Edwards, announced that Nike is investing $3 million over three years in the college.

Survey Finds Runners Value Sports Sponsors

A survey conducted by Elevent found that runners are more sponsorship savvy than the general public, including having a more positive perception of sponsors and a willingness to work with them.

Macy’s Accelerates Off-Mall, Small-Format Strategy

As part of its Polaris strategy, Macy’s announced that it would open four off-mall, small-format stores this fall. The locations will include Market by Macy’s, a smaller store with curated offerings, and the first dual Market by Macy’s and Macy’s Backstage off-price location.

Nordstrom Names Two Executive Leaders

Nordstrom, Inc. promoted Deniz Anders to senior vice president and chief marketing officer and Nina Barjesteh, formerly a senior executive at Dick’s Sporting Goods, as president of Nordstrom’s product group.

Flight Club Reopens In Los Angeles

Flight Club Los Angeles has undergone extensive remodeling and reopened two years after COVID and civil unrest closed the location, according to the Los Angeles Times.

Thrill One Sports & Entertainment Acquired

Fiume Capital and Juggernaut Capital Partners announced the acquisition of Thrill One Sports & Entertainment from The Raine Group and Causeway Media Partners. Dyrdek Machine, UFC president, Dana White and television producer Craig Piligian have co-invested with acquisition financing provided by Prudential Private Capital.

Connexa Sports Adds Board Member

Connexa Sports Technologies, Inc., formerly Slinger Bags, announced the appointment of Rohit Krishnan to its Board of Directors.