SGB Update Sports & Fitness
Fanatics Sells Majority Stake In NFT Startup Candy Digital
Fanatics is selling its 60 percent stake in sports-focused NFT company Candy Digital to a group led by Galaxy Digital, according to a report from CNBC, citing an internal email from the network. Terms were not disclosed.
L2 Brands Acquires Ouray Sportswear
L2 Brands, a branded apparel and headwear manufacturer, purchased Ouray Sportswear from S&S Activewear.
Johnson Health Tech Promotes Two To Senior Marketing Roles
Johnson Health Tech promoted Andrew Kolman to VP of global product development and Patty Parrott to VP of global marketing.
New Balance Sues Roma Following Adidas Sponsorship
New Balance filed a lawsuit against Italian Serie A club Roma for signing a new long-term agreement with Adidas despite New Balance exercising its right of first refusal.
USA Triathlon Foundation Adds Four Members To Board Of Trustees
In 2022, the USA Triathlon Foundation added four members to its Board of Trustees—Frantz Alphonse, Audra Mallow, Bill Shenkin, and Reggie Waller.
Athleta To Exit San Francisco HQ Space
Gap, Inc. is listing 162,000 square feet of office space at 1 Harrison Street in San Francisco for lease or sale as first reported by the San Francisco Business Times. The space is currently the headquarters of Athleta, the athleisure brand owned by Gap.
Injinji Hires Graphic Designer
Injinji has hired Chelsea Call as a graphic designer.
Association Of Golf Merchandisers Names Interim Executive Director
Tracy Moffatt was named interim executive director of the Association of Golf Merchandisers as part of a plan by its Board of Directors to find a permanent successor following the retirement of Desane Blaney.
The Original Fit Factory Closes On Eight Acquisition Deals
Scottish digital fitness brand The Original Fit Factory purchased eight companies in a $137 million (£111.6m) acquisition as it diversifies into multiple digital fitness areas.
AstroTurf Names Hybrid Turf National Sales Manager
AstroTurf hired Andrew Goldberg as Hybrid Turf’s national sales manager.
NRF Economist Sees Balance Between Inflation And Interest Rates Key To Avoiding Recession
It’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession; however, continuing interest rate hikes increase the likeliness, according to the NRF’s Chief Economist Jack Kleinhenz in the January Issue of its Monthly Economic Review.
Rekortan Tracks Names General Manager, VP
Rekortan, Sport Group’s global track brand, hired Tim Jordan as general manager and vice president of Rekortan Tracks.
British Retail Consortium Sees Stronger H2 In 2023 Look Ahead
A new analysis by the British Retail Consortium suggests that U.K. retail sales will grow between 2.3 percent to 3.5 percent in 2023.
Golftec Opens Store Near Seattle
Golftec reported it opened an instruction and club fitting center in Tacoma, WA.
DeFeet Shifts Internal Company Sales And Distribution Roles
DeFeet reported it made internal changes to its custom sales department, including domestic and international distribution.
