SGB Update Sports & Fitness
City Bikes Owner Charlie McCormick Passes Away
Charlie McCormick, founder and owner of City Bikes in Washington, D.C., died of natural causes on May 11 under the stars at a remote camping spot overlooking the Potomac River in Poolesville, MD.
Brooks Appoints New Senior VP Of Footwear
Brooks Running promoted Carson Caprara to senior vice president of Footwear. Caprara succeeds Patrick Pons De Vier, who left the company for personal reasons.
Kelly Slater Launches New Performance-Based Footwear Company
Eleven-Time World Surfing Champion and entrepreneur Kelly Slaterhas launched his new sustainable and performance-based footwear brand KLLY.
Farfetch Limited, New Home To Reebok In Europe, Posts Solid Q1 Revenue Growth
Farfetch Limited, the London-based global luxury fashion goods platform and new home for the Reebok brand in Europe and global collaborations, reported that first quarter revenue increased 8.1 percent year-over-year to $556.4 million.
Camping World Opens Branson, MO Supercenter
Camping World Holdings, Inc. announced the opening of its Branson, MO RV dealership, its 191st location.
Michelin Soles Expands In The U.S. With Vermont Office
JV International, a manufacturer of technical soles and the worldwide licensee of soles by Michelin, is expanding its North American presence with a new office opening in Wolcott, VT. JV North America will be headed by Glen McKibben as VP and general manager.
Adidas To Start Selling Yeezy Product At End Of May
Adidas reported it would start selling its stockpile of millions of unsold Yeezy sneakers later this month from its defunct partnership with rapper Kanye West. Proceeds from the sale will benefit Antiracism organizations.
Dunlop Sports Sees Revenue Outlook Reduced Despite Strong Q1 Growth
Sumitomo Rubber Industries, Ltd. Has reported that sales revenue in its Dunlop Sports business increased 19.5 percent to ¥35.5 billion ($267 million) in the first quarter. Business profit increased 37.2 percent to ¥5.5 billion ($41 million).
Lululemon Makes Minority Investment in Recycling Start-Up
Lululemon is making a minority investment in Australian start-up Samsara Eco, which uses plastic-eating enzymes to recycle apparel waste. As part of a multi-year partnership, Samsara Eco will work with Lululemon to create new recycled nylon 6.6 and polyester.
KMD Closes NZ$310 Million Debt Refinancing Tied To Sustainability
KMD Brands Limited, the parent company to the Rip Curl, Oboz and Kathmandu brands, has successfully refinanced its existing debt facilities with NZ$310 million of syndicated sustainability-linked multi-currency revolving facilities.
Wilson To Expand Football Production Facility In Ohio
Wilson is building a manufacturing plant in Ada, OH, just east of its current factory that manufactures NFL footballs. The site will double its production capacity.
Ross Stores Posts 10 Percent Earnings Growth As Q1 Comps Inch Up 1 Percent
Ross Stores, Inc. reported sales for the first quarter of 2023 were $4.5 billion for the 13 weeks ended April 29. Comparable store sales were up 1 percent. EPS were $1.09 on net earnings of $371 million for the quarter.
Pacsun Sets Leadership And Board Changes
Pacsun announced a series of leadership changes whereby Brie Olson, Pacsun co-chief executive officer and Board member, will be appointed chief executive officer, effective June 15. Mike Relich will retire as co-CEO and will continue to serve on the Pacsun Board of Directors in a new role as vice chairman. Russell Bowers will be appointed chief operating officer and will continue to serve as Pacsun chief financial officer,
CPSC Approves Peloton Tread+ Rear Guard Repair
The U.S. Consumer Product Safety Commission (CPSC) approved a rear guard repair for Peloton’s recalled Tread+ treadmill.
Shimano Recalls Pro Vibe Alloy Stems For Road Bikes
In cooperation with the U.S. Consumer Product Safety Commission (CPSC), Shimano North America recalled Shimano Pro Vibe Alloy stems for road bikes. The recalled bike stems could crack and break while in use.
