SGB Update Sports & Fitness
GoFluo Cycling Apparel Enters U.S. Market
GoFluo, the Belgian cyclist apparel brand, reported it will enter the U.S. market in 2023.
Report: Pinarello Exploring Sale
L Catterton, the private equity fund that acquired Pinarello in 2016, has retained Houlihan Lokey to explore a sale of the Italian bike manufacturer, according to unquote.com.
Record 158 Million Shoppers Expected To Shop Super Saturday
This year, a record 158 million consumers are expected to shop on the last Saturday before Christmas, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. The number is approximately 10 million more than last year’s expected Super Saturday shopper count and the highest number since the NRF started tracking the data in 2016.
Vittoria Group To Be Acquired By PE Firm
Vittoria reported that private equity investors Telemos Capital have signed a binding agreement to acquire a majority stake.
Imports Winding Down As Holiday Season Nears Finish Line
With most holiday merchandise on retailers’ shelves or in warehouses for the season, December cargo volume at the nation’s major container ports is forecasted to be below record levels set earlier this year, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Dick’s SG’s Jefferson City Location To Close
DKS is closing its Jefferson City, MO store, effective December 31, 2022, according to the Jefferson City News Tribune.
Nike And BSN Sports Sign Three-Year Deal With App State University
Nike and BSN Sports signed a three-year deal with Appalachian State University in Boone, NC.
Egym Hires Senior Sales Executive, Western U.S.
Fitness tech company Egym hired Alisa Anderson as its senior sales executive for the Western U.S.
Outdoor Cap Names Head Of Product
Peter Cohen has joined the Outdoor Cap’s executive team as head of product.
Yue Yuen’s Sales Dip 2.8 Percent In November
Yue Yuen reported consolidated operating revenue in November reached $657.5 million, representing a decline of 2.8 percent year over year. Sales grew 6.1 percent at Yue Yuen’s Manufacturing Business segment and fell 17.8 percent at Pou Sheng, Yue Yuen’s retail subsidiary in China.
Hyosung Textiles Hires Global Marketing Director
Hyosung, a textile solution and spandex brand provider, hired Simon Whitmarsh-Knight as textile global marketing director
Planet Fitness Names President And COO
Planet Fitness, Inc. hired Edward Hymes as president and chief operating officer, reporting to CEO Chris Rondeau.
RYU Board Member Resigns
RYU Apparel, Inc. informed its shareholders that Roger Edwards, the company’s director, had resigned, effective immediately.
Precor Undergoes Leadership Changes In Peloton Realignment
Precor reported it was repositioned as a wholly-owned subsidiary under Peloton, led by Dustin Grosz, the fitness equipment maker’s interim CEO. As part of the transition, Betsy Webb will step down as vice president of Peloton Commercial, which had supported the Precor subsidiary, effective January 6, 2023.
Lids Opens Lids Hat Drop Concept Store
Lids opened a retail concept store, Lids Hat Drop, an iteration of the LidsHatDrop.com platform launched earlier this year, in Jamaica, Queens, NY.
