SGB Update Sports & Fitness

Under Armour Adds Two To Board As Saunders Departs

Under Armour, Inc. appointed Carolyn Everson and Patrick Whitesell to its board of directors effective February 1, 2023. Longtime UA board member Harvey Sanders will retire on March 31, 2023. 

Nike To Open Store In Tigard 

Nike plans to open a store in Tigard, OR, a suburb of Portland, at the Bridgeport Village lifestyle center.

Academy Sports’ Debt Ratings Outlook Raised

S&P Global Ratings revised its debt rating outlook for Academy Sports + Outdoor, Inc. following a debt repayment. The positive rating outlook reflects the potential for an upgrade if Academy consistently performs during an uncertain economy while sustaining low S&P Global Ratings-adjusted leverage of about 1x.

Giant Group Acquires Minority Stake In Stages Cycling

Giant Group, headquartered in Portland, OR, acquired a 32.5 percent stake in Stages Cycling, a maker of stationary smart bikes for the commercial gym and home markets and crankarm-based power meters.

Hurley x Nascar Partner On Apparel Line

Hurley and Nascar collaborated on a collection of men’s and women’s beach and surf apparel. Two racing-themed product lines will drop during this year’s Nascar 75th anniversary season.

JD Sports Reports Cyber Security Issue Includes Customer Data Access

JD Sports Fashion Plc, the parent company for Finish Line, Shoe Palace and DTLR, among others, has been the target of a cyber incident that resulted in unauthorized access to a system that contained customer data relating to online orders placed between November 2018 and October 2020.