SGB Update

IFIT Postpones Initial Public Offering

IFIT Health & Fitness Inc announced that it has postponed its previously announced initial public offering. The company made the decision based on adverse market conditions and will continue to evaluate the timing for the proposed offering.

Lululemon Expands Mirror To Canada

Lululemon Athletica Inc. announced that Mirror, its interactive home gym, will be offered in nearly 40 Lululemon stores across Canada and available for purchase in-store and online beginning on November 22.

The Buckle’s September Comps Grew 18 Percent

The Buckle Inc. announced today that comparable store net sales, for stores open at least one year, for the 5-week period ended October 2, 2021 increased 17.8 percent from comparable store net sales for the 5-week period ended October 3, 2020.

Fanatics, HanesBrands Partner With University Of Texas

The University of Texas at Austin announced a licensed merchandise strategy that includes new exclusive partnerships with Fanatics and HanesBrands to lead the development of a collection of fan apparel across all retail channels.

Recall: ElliptiGO Arc Bicycles

About 3,800 ElliptiGO Arc bicycles are being recalled. According to a statement from the CPSC, the bicycle frame could break while riding, posing fall and injury hazards to the user.

Sqairz Appoints EVP Of Marketing

Sqairz, the golf shoe company, appointed industry veteran, David Lowe, as executive vice president of marketing.

PacSun To Accept Cryptocurrency

Pacsun said it is the first major brand in the fashion and retail space to accept bitcoin and other cryptocurrencies.

Evo Acquires Callaghan Country Wilderness Adventures

Outdoor retailer and lifestyle brand Evo announced the acquisition of Whistler, BC-based Callaghan Country Wilderness Adventures (CCWA), owner of the popular ski destination Journeyman Lodge.

WePlayed Sports Raises $2 Million Seed Round

WePlayed Sports announced the closing of a $2 million seed round. This round of funding was led by Ryan Moore, Founder of Accomplice, with participation from other firms, including Techstars and Correlation Ventures.

Dugout Ventures Announces Strategic Addition To Board

Dugout Ventures, an early-stage investment private equity group formed by current and former professional baseball players including Nolan Ryan, Barry Larkin, David Ortiz, and strategic industry executives, announced the appointment of Dr. Prakash Patel to the company’s Board of Directors, effective immediately.

Macy’s Appoints Board Members

Macy’s Inc. announced the appointment of Ashley Buchanan, chief executive officer of The Michaels Companies, and Tracey Zhen, president of Zipcar, to its board of directors.