SGB Update Sports & Fitness
Lululemon And Garmin Land On Glassdoor’s Best Places To Work List
Lululemon And Garmin were the only two companies in the activewear space to make it on Glassdoor’s 2023 Best Places to Work list.
Report: Fanatics In Talks To Acquire Sportsbook
Fanatics signed a letter of intent to acquire the BetParx sportsbook, but a deal has not been reached, according to a report from CNBC.
Asics Study Shows Exercise Sharpens Mind, Improves Mental Performance
A study commissioned by Asics showed that exercise could significantly improve cognitive function and mental performance. After four months of regular exercise, Asics found that their minds had significantly sharpened, and they performed at a higher competitive level.
Courtside Ventures Launches $100 Million Fund
Courtside Ventures, a New York-based early-stage VC firm, raised $100 million for a fund focused on sports, gaming and lifestyle companies. Fund III investors include a globally diverse group of the industry across professional sports team owners, athletes and industry executives, including Dick’s Sporting Goods.
Life Time’s Debt Ratings Upgraded
S&P Global Ratings lifted its debt ratings on Life Time Inc., the operator of upscale fitness clubs, due to improving results.
NGF Releases List Of Top 100 Golf Businesses
The National Golf Foundation released its latest list of the Top 100 Golf Businesses it recognizes to be the “most influential, successful, prominent and innovative companies on the commercial side of the U.S. golf industry.”
Levi Strauss Names Chief Digital Officer
Levi Strauss & Co. hired Jason Gowans as senior vice president and chief digital officer for LS&Co., effective February 6. Gowans joins the company from Nordstrom, where he spent the past ten years in various marketing, data science and digital roles, and, most recently, as senior vice president of digital commerce.
Gymshark Hires Chief Supply Chain Officer
Gymshark named Laurent Madelaine as its first chief supply chain officer, overseeing sourcing, supply chain and logistics. He will also be responsible for quality control and the brand’s sustainability strategy, reporting to Gymshark’s CEO and founder Ben Francis.
Nordstrom Cuts Outlook After Holiday Sales Slump
Nordstrom, Inc. posted declines in both comparable store sales and net sales for the nine-week Holiday period ended January 1 as promotional environment and tight margins prompt the retailer to lower fiscal year guidance.
USA Cycling Appoints New Board Chair
Cari Higgins has been elected chairwoman of USA Cycling’s board of directors. She was previously vice chair of the board.
RunSignup Posts Growth In 2022
RunSignup reported strong company growth in 2022 and an encouraging sign that the endurance market is strengthening. Compared to 2019, the pre-pandemic baseline, the number of registrations on its platform grew 20 percent while the total transaction dollars jumped 47 percent.
Compass Diversified Authorizes $50 Million Share Repurchase Program
Compass Diversified Holdings said its Board of Directors authorized the repurchase of up to $50 million of its issued and outstanding common shares.
Fanatics Extends Partnership With British And Irish Lions Brand
Fanatics and the British & Irish Lions extended its long-term deal for an e-commerce and manufacturing partnership, which will run until 2030 and include the 2025 and 2029 British & Irish Lions Tours.
USTA Hires Chief People & Culture Officer
The USTA hired Henry Lescaille as chief people & culture officer, a new position.
Wolverine World Wide’s Debt Ratings Lowered
S&P Global Ratings downgraded the debt ratings on Wolverine World Wide, Inc., citing the footwear company’s weakened operating performance over the past few quarters.
