SGB Update Sports & Fitness
Report: Sports Direct Eyes Merger With France’s Go Sport
Frasers Group Plc, the parent of Sports Direct and House of Fraser, is reportedly exploring acquiring France’s Go Sport chain out of insolvency as part of a broader plan to expand in Europe.
Nike, BSN Sports Co-Partner With University Of Southern Indiana
Based in Evansville, IN, the University of Southern Indiana (USI) established a new athletic partnership with Nike and BSN Sports.
Life Time To Open Luxury Residential Complex In Burlington
Life Time reported it plans to open a Lifetime Living residential complex in Burlington, MA, this summer that will share a campus with Life Time’s Burlington athletic country club.
Aleck Acquires Tocsen
Aleck, the maker of wireless audio and communication systems for outdoor sports, has acquired Tocsen, the German maker of intelligent helmet-mounted crash sensors.
Survey: Proposed Golf Ball Rule Receives Mixed Response
On the heels of the USGA/R&A’s proposal for a “Modified Local Rule” for elite competition that reduces the overall distance a golf ball would travel at extremely high speeds, a new survey provides immediate analysis of where Serious Golfers stand on the issue.
The Ironman Group Appoints Chief Marketing Officer
The Ironman Group hired Marieka Barnard as chief marketing officer having worked, most recently, as VP of event marketing for The Ironman Group in the EMEA region, succeeding Suzanne Cohen.
Nike, Inc. Posts Double-Digit Growth Across Regions In Fiscal Q2 As EPS Beats Outlook
Nike, Inc. reported fiscal 2023 third quarter reported revenues were $12.4 billion, up 14 percent compared to the prior year and up 19 percent on a currency-neutral basis. Diluted EPS declined 9 percent to 79 cents a share. Inventories for Nike, Inc. were $8.9 billion, up 16 percent.
Amazon To Lay Off Another 9,000 Employees
Amazon’s Andy Jassy, the company’s chief executive, said in a note to employees on Monday that the company is laying off 9,000 corporate and tech employees by the end of April, adding to the 18,000 jobs it cut late in 2022 and again in January 2023.
Sweaty Betty CEO And COO To Step Down
Drapers reported that Sweaty Betty’s chief executive Julia Straus and chief operating officer, Mark Smith, would step down this summer following the brand’s takeover by Wolverine Worldwide. A search is underway to fill the positions.
On’s Revenues Surge 92 Percent In Fourth Quarter
On Holding AG significantly decreased its loss in the fourth quarter ended December 31 as sales vaulted 91.9 percent. For the current year, the Swiss running brand predicts sales will grow 39 percent.
The Buckle Sets New Quarterly Dividend
The Buckle, Inc. board of directors authorized a 35 cents per share quarterly dividend to be paid to shareholders of record at the close of business on April 14, with a payment date of April 28.
Fanatics And NHL Ink 10-Year Deal For On-Ice Uniforms, Authentic Jerseys Supplier
The National Hockey League and its longstanding partner Fanatics have inked a new 10-year agreement which, beginning with the 2024/25 season, will see Fanatics become the League’s authentic outfitter of on-ice uniforms and supplier of authentic jerseys at retail.
Primaloft Announces CFO Transition
PrimaLoft, Inc., a subsidiary of Compass Diversified, promoted Jason Kerley to chief financial officer from vice president and controller. He will transition to the position on the retirement of the current CFO, Tom Seaver.
Survey: Concussion Safety Top-Of-Mind For Parents Of Kids Playing Youth Sports
A new survey from MedStar Health is highlighting significant injury concerns heading into the spring youth sports season. Following a series of highly publicized injuries in professional sports over the past year, prioritizing concussion safety is now top of mind for parents.
K-Swiss Appoints Footwear Industry Vet As International Brand President
K-Swiss hired athletic footwear industry veteran Rob Langstaff as international brand president.
