SGB Update Sports & Fitness
Fanatics Names CFO, Fanatics Betting & Gaming
Fanatics hired Andrea Ellis as CFO, Fanatics Betting & Gaming (FBG), the company’s online sports betting and iGaming division. In this position, Ellis oversees FBG’s finance functions, including accounting, budget, tax, and cost management.
Delta Apparel Sees Fiscal 2022 Sales Exceeding Expectations
Delta Apparel, Inc. forecasts net sales for the fiscal year ending October 1 to be approximately $484 million, representing an increase of 11 percent from the prior year. All five of its go-to-market channels, Delta Direct, Brand Direct, Retail Direct, DTG2Go, and Salt Life, are expected to register year-over-year growth.
Peloton’s Chief People Officer Departs
Peloton’s Chief People Officer, Shari Eaton, announced she is leaving the company.
Peloton Extends Refund Period For Recalled Tread+ By Another Year
Peloton and the Consumer Product Safety Commission (CPSC) extended the refund period for the Peloton Tread+ for another year.
New Balance To Establish Distribution Operations In Tennessee
New Balance Athletics plans to invest $68.5 million in a new distribution center in Lebanon, TN.
New York Sports Club Acquires Fhitting Room
New York Sports Club acquired Fhitting Room, a NYC-based boutique fitness brand. Founded in 2013, Fhitting Room is known for its HIIT and strength training programming.
The Sustainable Apparel Coalition Makes Hires
The Sustainable Apparel Coalition hired Lee Green as senior director marketing and communications and Nadia York, as chief of staff.
Golftec Opens Location Outside Of Houston
Golftec continues to expand its national footprint with the opening of an instruction and club fitting center in Cypress, TX.
REI To Open Store In Huntington, NY In Summer 2023
REI Co-op will open a new store in Huntington, NY, in the summer of 2023, the retailer’s seventh location in the Tri-State region.
Wahoo Fitness’ Debt Ratings Downgraded Again
Moody’s Investors Service downgraded Wahoo Fitness Acquisition, LLC, reflecting the bike training manufacturer’s “material underperformance” relative to Moody’s previous expectations and the elevated risk of default.
Adidas Completes Second Share Buyback Program In 2022
Adidas has completed its second share buyback program this year.
Founder Sport Group Hires Senior Director, Licensing And Business Development
Founder Sport Group, the manufacturer of youth uniforms and collegiate fanwear, announced that it hired Samantha Stevens as senior director, Licensing and Business Development.
Tracksmith Hires Director Of Brand Communications
Tracksmith announced that Massimo Alpian had joined the company as global director, brand communications. He brings nearly two decades of experience in marketing, communications and sports advocacy to the position.
Nix Biosensors Hires Interim Chief Operations and Technology Officer
David Renton, former COO of Zwift, was hired by Nix Biosensors as interim chief operations officer and chief technology officer.
True Spec Golf To Open Three Locations In Australia
True Spec Golf will open three locations in Western Australia. True Spec Australia, the company’s first site outside North America and Europe, will open in GolfBox’s Booragoon, Joondalup and Osborne Park locations.
