SGB Update Sports & Fitness
Nike Partners With University Of California
Nike has agreed to replace Under Armour as its official provider of apparel, footwear and other gear for the University of California, Berkeley. Nike partnered with BSN Sports on a three-year agreement with the University, effective July 1, 2023.
The Sports Shop Shutters After 45-Year Run
The Sports Shop in Elk Grove, CA, closed after 45 years in business.
Adidas Loses Trademark Lawsuit Over 3-Stripe Design
Adidas lost a trademark infringement lawsuit Thursday that the company brought against Thom Browne, the American fashion designer, after claiming the fashion brand used its “three stripes” logo design without permission.
Champion Parent Expects Q4 Sales At Top End Of Outlook; CFO To Exit
HanesBrands Inc. expects to report fourth-quarter 2022 net sales slightly above the top end of its outlook range and adjusted operating profit at the mid-point of the range.
Therabody Names CEO
Therabody hired Monty Sharma as president and chief executive officer. Co-founder and CEO Benjamin Nazarian becomes Therabody’s executive chairman, effective immediately.
Fitbench Adds VP Of Sales
Fitbench tapped the expertise of 25-plus-year industry veteran Brian Weaver as vice president of sales.
Rawlings To Retain Miken Sports Plant In Caledonia
Rawlings reportedly made its Miken Sports plant in Caledonia, MN the North American headquarters for its slow-pitch business; this follows the company’s announcement in July 2021 that said it would close the plant within two years.
And1 Founder Helping Launch Pro Dodgeball League
The Professional Dodgeball League (PDBL) was founded in 2022 by entrepreneur Adam Majewski with investor and advisor Tom Austin of AND1. The League features the best 96 dodgeball players in the U.S. who will compete on national television.
Specialized Lays Off 8 Percent Of Its Workforce
Specialized Bicycle Components announced it was laying off 8 percent of its employees, including company-owned retail stores in the U.S. and overseas, as part of a “transformation.”
Life Time To Open Fitness Club In Prospect Heights
Life Time reached an agreement with the Brodsky Organization and Greenland USA to open a new athletic club at the recently opened Brooklyn Crossing development in Prospect Heights, Brooklyn.
Compass Diversified Divests Electronics Company Holding
Compass Diversified (CODI), which owns Velocity Outdoor, BOA, Marucci, Primaloft, 5.11 and others in the active lifestyle space, entered into a definitive agreement to sell its majority-owned subsidiary, Compass AC Holdings, Inc., the parent company of Advanced Circuits, Inc., to APCT, Inc., a manufacturer of printed circuit boards and the portfolio company of Industrial Growth Partners.
Adidas To Merge Canadian And U.S. Operations
Adidas confirmed that it is consolidating its operations in the US and Canada, according to Retail Insider.
Topgolf Sets Opening For Charleston
Topgolf will open its 87th global venue on January 20 in North Charleston, SC.
Anta Sports Sees Modest Decline In Q4 Revenue
Anta Sports reported that sales for the fourth quarter of Anta-branded product, in terms of retail value, declined in the high-single-digits compared to the same period in 2021.
Under Armour To Open Second Store In Manhattan
Under Armour has signed a 6,750-square-foot lease to open a store in the Flatiron District of Manhattan, according to The Real Deal.
