SGB Update Sports & Fitness

Qurate Retail Sells Zulily To Investment Firm

Regent, a Los Angeles-based investment firm with expertise in the retail and apparel sectors, has acquired online retailer Zulily, formerly a wholly-owned subsidiary of Qurate Retail, which also owns the QVC and HSN businesses and the owner of Cornerstone Brands.

Nike Announces Senior Leadership Realignment

Nike said Heidi O’Neill, president of Consumer & Marketplace, will become president of Consumer, Product & Brand, Nike, Inc. Craig Williams, president of the Jordan Brand, will become president of Geographies & Marketplace, Nike, Inc. as part of several leadership changes. Matthew Friend, EVP and CFO, will expand his responsibilities to include Procurement, Global Places & Services and Demand and Supply Management.

Golftec Opens Location Near Chicago

Golftec opened an instruction and club fitting center in Geneva, IL, on the western side of the Chicago suburbs at 1492 S. Randall Road.

Lids Promotes Durda To President

Lids promoted Bob Durda to company president. Over a 13-year career at the company, Durda has been at the forefront of Lids’ focus on building its product portfolio and leading some of its more successful programs.

Elevate Textiles Undergoes Recapitalization, New Ownership

Elevate Textiles, the fabric manufacturer servicing the automotive, apparel, interior furnishing, and industrial industries owned by Platinum Equity, reached an out-of-court restructuring deal in which its lenders will take control of the company.

Nautilus Sales Fall 43 Percent In Fiscal Q4; Posts Wider Net Loss

Nautilus, Inc. reported fiscal fourth quarter net sales were $68.4 million in the period ended March 31, 2023, a decline of 42.9 percent versus the prior-year comparable period. Direct segment sales declined 30.4 percent and Retail segment sales fell 55.4 percent in the quarter.

DU/ER Hires Vice President Of Global Sales

Canadian performance apparel brand DU/ER hired Burt Damsky as VP of global sales. Based out of the company’s New York City showroom, Damsky will oversee the strategic growth of the brand’s global wholesale network.