SGB Update Sports & Fitness
Oofos Names Former Telecom Exec To Board Of Directors
Oofos named former T-Mobile CEO John Legere to its board of directors. Most recently, Legere was the CEO of T-Mobile for eight years.
Report: April U.S. Discretionary General Merchandise Retail Sales Fell 7 Percent
Discretionary U.S. general merchandise retail sales revenue fell 7 percent in April 2023 year-over-year and unit sales fell 8 percent according to Circana, formerly IRI and The NPD Group.
On’s First Quarter Profits Surge With 78 Percent Revenue Gain
On Holding AG’s profits tripled in the first quarter on strong margin improvement and 78 percent sales growth. The Swiss running brand’s results easily topped analyst targets. Strength was seen across regions, channels and product groups.
EssilorLuxottica Partners On Persian Gulf Region Retail Initiative
EssilorLuxottica, parent company of Sunglass Hut, Oakley and Ray-Ban, among other eyewear brands, and Chalhoub Group, signed a joint venture for the development of direct eyewear retail in the Gulf Cooperation Council (GCC) region.
Pacsun Opens Second PS Reserve Resale Space In SoCal
Pacsun continues its expansion of PS Reserve, the custom-curated resell platform for limited-edition streetwear apparel, sneakers and accessories, created in partnership between Magnolia Park owner and CEO Miki Guerra and Pacsun.
HanesBrands Extends Long-Term Apparel Partnership With Penn State
HanesBrands and Penn State reported a multi-year extension of its apparel partnership, giving HBI exclusive rights in the mass retail channel.
Study: U.S. Fan Interest In Soccer Growing
A new data report on the state of U.S. soccer fandom from Sports Innovation Lab found that American interest in soccer has reached the average global interest level.
Fanatics Signs Retail Partnership Deal With England’s Barnsley F.C.
Fanatics signed a long-term multichannel retail partnership with Barnsley F.C., a professional football club based in Barnsley, South Yorkshire, England.
Fanatics To Acquire PointsBet’s U.S. Assets To Jumpstart Gambling Push
Fanatics has agreed to acquire the U.S. operations of PointsBet, marking a big leap into U.S. sports gambling for Fanatics. The deal is worth about $150 million in cash.
Puma Appoints New Managing Director For Puma India
Puma has appointed Karthik Balagopalan as the new managing director of Puma India, one of the company’s fastest-growing markets. Balagopalan most recently was Puma’s global director of retail and e-commerce. He replaces Abhishek Ganguly.
Revo Opens Flagship In Barcelona
Revo opened its first flagship store in Barcelona, Spain, located on Baixada de la Llibreteria, in the Gothic Quarter, one of the city’s highly trafficked districts.
Nike Opens First Nike Live Store In Portland, OR Metro Area
Nike opened its first Nike Live concept in the Portland, OR, metro area, marking its 50th Nike Live location.
Hayes Names New Distribution Partner For Italian Market
Hayes Bicycle Group, the distributor of several bike brands, reported a new partnership with AMG in the Italian territory, expanding the reach of the company’s performance cycling componentry to AMG’s dealer network.
OHM Fitness To Open 70 Texas Locations
OHM Fitness reported it would open 70 EMS fitness studios in the Texas Triangle through its newest franchise partner over the next few years, including 25 in Dallas Fort Worth, 20 in Austin and San Antonio and 25 in Houston, through its newest franchise partner over the next few years.
Thule Group CFO Announces Departure
Thule Group announced that Jonas Lindqvist, in agreement with the company, will leave his position as chief financial officer at Thule Group. He has held the position since 2020 and will remain in the role until a successor is in place. The recruitment process is underway.
