SGB Update Sports & Fitness
LaserTek Solutions Named Master Distributor For Stahls’
Stahls’ announced LaserTek Solutions as a new Master Distributor for Cad-Cut HTV and Hotronix heat presses.
U.S. Supreme Court Won’t Hear Nike, Adidas Patent Dispute
The U.S. Supreme Court on Monday sidestepped Nike, Inc.’s appeal in a long-running sneaker design dispute with Adidas AG, declining to consider whether a tribunal can nix a patent based on grounds not raised by the parties. The justices passed over Nike’s claims that the Patent Trial and Appeal Board wrongly stripped it of a patent covering shoelace holes in knitted sneakers.
Topgolf To Open In St. Petersburg
Topgolf will open its St. Petersburg, FL venue on June 30, marking its 90th location and its eighth venue in Florida.
Youth Athletes United Adds 60 New Locations In Half
Youth Athletes United, a youth sports program operator, added 60 units and 44 owners to its network of brands, including Soccer Stars, Amazing Athletes and TGA Sports. The organization also reported a 24.7 percent growth rate since the beginning of 2023.
Nike To Open Flagship Store In Edmonton
Nike plans to open a flagship store West Edmonton Mall in Edmonton, which will become Canada’s largest store.
Report: Lululemon Struggles To Find Buyer For Mirror
Lululemon Athletica, Inc. cannot find a buyer for its Mirror connected fitness platform despite reducing the price by nearly 90 percent.
Skechers U.S.A. Named To Fortune 500 List For First Time
Skechers U.S.A., Inc. made the Fortune 500 list for the first time following record annual sales of $7.4 billion in 2022. Skechers is one of only four brands in the apparel industry sector to make the list, debuting at number 488.
Franklin Sports Inks Five-Year Partnership Deal With Pickleball Canada
Franklin Sports signed a five-year partnership agreement with Pickleball Canada, the National Sport Organization of the country’s fastest-growing sport.
Kelly Slater Wave Company Licenses Wave Technology To Surf Abu Dhabi
Kelly Slater Wave Company licensed its wave technology to Surf Abu Dhabi, a wave facility in Abu Dhabi owned and operated by Modon Properties, Abu Dhabi. KSWC said it aims to bring “the stoke of surfing to a new frontier.”
Under Armour Confirms Corporate Layoffs In Cost-Control Efforts
Under Armour, Inc. has confirmed reports that it laid off 50 corporate employees as part of its cost-control efforts.
Academy Sports Names New Chief Merchant
Academy Sports + Outdoors Inc. promoted Matt McCabe to executive vice president and chief merchandising officer effective June 25, succeeding Steve Lawrence, who transitioned to CEO. McCabe will report directly to Lawrence.
IHRSA Announces New Hires And Promotions
IHRSA, the trade organization for the fitness industry, hired Pamela Kufahl as senior director of communications, Rubble Kazi as membership coordinator and Saacha Vitalle as global membership representative. IHRSA promoted Sami Smith to senior manager of digital communications.
Under Armour Extends Partnership With University Of Texas Rio Grande Valley
The University of Texas Rio Grande Valley (UTRGV) Department of Intercollegiate Athletics extended its partnership agreement with BSN Sports to keep Under Armour the University’s official athletic footwear, apparel and accessory brand through the 2028/29 academic year.
Running USA Elects New Board Members
Running USA elected seven new members to its board for three-year terms beginning on July 1, 2023 and ending on June 30, 2026.
Lacrosse Unlimited Opens Location In Bronxville
Lacrosse Unlimited opened a store in Bronxville, NY, on June 10, marking its 49th location at 24 Palmer Avenue a few doors down from the Bronxville Fitness Club.
