SGB Update

JD Sports Board Member Steps Down

JD Sports Fashion Plc announced that, after more than six years on the Board, Heather Jackson has stepped down from her position as a non-executive director. Mahbobeh Sabetnia has joined the board.

CCM Hockey Appoints Board Member

CCM Hockey announced the appointment of Jennifer Botterill as a new Board Director. Botterill is a Canadian athlete and has remained in sports as a broadcaster for over ten years.

VF Corp Appoints President, Global Packs

VF Corporation announced the appointment of Nina Flood to the newly created position of president, Global Packs, Eastpak, JanSpor, and Kipling.

Delta Apparel’s CFO To Resign

Delta Apparel Inc. announced that Deborah Merrill, its CFO and president, Delta Group, has submitted her resignation. Simone Walsh has been appointed the company’s vice president, chief financial officer & treasurer. Merrill has agreed to continue working with the company to transition her responsibilities to Walsh through January 22, 2022.

Adidas Partners With Brooklyn Nets

Adidas and the Brooklyn Nets announced they had formed a multi-year partnership central to connecting with kids through basketball.

 

Allbirds Q3 Revenues Jump 33 Percent

Allbirds, Inc., in its first quarterly report since going public, widened its loss in the quarter ended September 30 as sales rose 33 percent. Results were slightly above forecasts.

Adobe: Cyber Monday Online Sales Drop 1.4 Percent

According to data released by Adobe Analytics, consumers spent a total of $10.7 billion on Cyber Monday, which is down 1.4 percent year-over-year; this marks the first time Cyber Monday has shown a decline in sales since Adobe began tracking the figure in 2012.

Industrial Revolution Taps Perpetual Motion Northwest To Expand Sales Team

Industrial Revolution, the Seattle manufacturer and distributor of outdoor accessories, announced a partnership with Perpetual Motion Northwest to expand its sales team in the Pacific Northwest. The rep group will cover Industrial Revolution brands in Washington, Oregon, Idaho, Montana, and Alaska.

Beachbody Expands Board

The Beachbody Company, Inc. announced the appointment of Kristin Frank, CEO of AdPredictive, to its Board of Directors, effective November 24, 2021.

Nike Delivers Tribute To Virgil Abloh

Nike delivered an official statement honoring the memory of Virgil Abloh, the acclaimed fashion designer who passed away at the age of 41 Sunday from a rare form of cancer.

Lululemon Countersues Peloton Over Apparel Patents

Lululemon on Monday filed a lawsuit against Peloton over “copycat products” in Peloton’s new apparel line. The lawsuit, filed in Los Angeles federal court, arrived five days after Peloton sued Lululemon in Manhattan federal court, seeking a declaration that Lululemon’s claims had no merit.