SGB Update Sports & Fitness
Delta Apparel Sales Dip In Fiscal First Quarter
Delta Apparel Inc. expects overall 2023 fiscal first quarter net sales of approximately $106 million for the three-month period ended December 31, a decline of 4.2 percent from $110.7 million in the year-ago comp period.
Costco December Comps Rise 5.5 Percent But E-Commerce Declines
Costco Wholesale Corporation posted net sales of $23.80 billion for the retail month of December, the five weeks ended January 1, 2023, an increase of 7.0 percent from $22.24 billion in the comparable month last year.
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.
