SGB Update Sports & Fitness
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.
SkyTrak Hires VP, Business Development
SkyTrak, the maker of indoor gold launch monitors, hired Dave Pauley as vice president of business development.
Nike To Close Store In Downtown Seattle
The Nike store in downtown Seattle, WA, first opened in 1996 at Sixth Avenue and Pike Street, is closing on January 19.
Anta Sports Makes Big Moves With Senior Management Team
Anta Sports made personnel moves to align the company’s management structure with its strategic direction and to enhance corporate governance.
U.S. Association Of Blind Athletes Names Director Sport Performance
The U.S. Association of Blind Athletes hired Amanda Duke Boulet as director of sport performance, a new position within the organization.
Salomon And Hoka Top StockX List Of Growth Brands In 2022
StockX released its annual report, Big Facts: Current Culture Index, noting that it surpassed 1.5 million lifetime sellers, 12 million lifetime buyers, and 40 million lifetime trades in 2022.
Authentic Brands Group Hires CFO
Authentic Brands Group named Jessica Holscott as chief financial officer. She succeeds Kevin Clarke, founding partner, who has taken a new role as executive vice chairman.
NRF: Holiday Sales Climb 5.3 Percent, Just Below Forecast
Retail sales during the November/December 2022 holiday season grew 5.3 percent over 2021 to $936.3 billion, falling short of the National Retail Federation’s (NRF) forecast amid continuing inflation and high-interest rates.
