SGB Update Sports & Fitness
HanesBrands Partners With University Of California, Berkeley
HanesBrands announced a new primary apparel partnership with the University of California, Berkeley. The ten-year agreement gives HBI exclusive rights to design, manufacture and distribute fanwear across mass and campus/local channels.
PXG Opens Store In Boston
PXG, the sports equipment manufacturer that sells a line of custom-fitted golf equipment products and accessories, opened its first brick-and-mortar store in Framingham, MA, located West of downtown Boston.
President & CEO Of JLL’s Americas Retail Business To Retire
JLL announced that Greg Maloney is retiring effective December 31, 2022. Kristin Mueller, a longtime partner and the current COO of JLL’s Property Management, will replace Maloney as president of the company’s Retail Property Management business.
Lids Expands Paris Saint-Germain Partnership
Lids and Paris Saint-Germain have expanded their partnership. Lids will now oversee two existing stores and future club locations in Europe.
Adobe Predicts Modest Online Gain In Holiday Sales
Adobe expects U.S. online holiday sales to reach $209.7 billion from November 1 to December 31, representing a 2.5 percent growth year-over-year. During the 2021 holiday shopping season, $204.5 billion was spent online, growing 8.6 percent YoY, with consumers uncertain about returning to physical stores due to lingering pandemic concerns.
Recall: Spalding Momentous EZ Portable Basketball Goals
The Consumer Product Safety Commission (CPSC) announced that Russell Brands recalled the Spalding Momentous EZ Assembly Portable Basketball Goals because of an impact injury hazard.
Bollé Brands Announces Sale Of Cébé
Bollé Brands Group announced that D.MO/RACER have agreed to purchase Cébé, the manufacturer of performance sunglasses, ski goggles and ski helmets.
Nike To Open Inside London’s Battersea Power Station
Nike will be the latest retailer to open a store inside London’s Battersea Power Station retail complex. The 8,380-square-foot location opens on October 14.
CCM Hockey Partners With Professional Women’s Hockey Players Association
CCM Hockey was named the official equipment sponsor of the Professional Women’s Hockey Players Association for the upcoming season.
Imports Headed To Lowest Level Since Early 2021
Imports at the nation’s major container ports are expected to fall to their lowest level in nearly two years by the end of 2022 even though retail sales continue to grow, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Club Champion Opens In Five New Markets
Club Champion said it opened five new stores in the third quarter. With golf club fitting studios now open in Torrance, CA; Wilmington, NC; Pleasanton, CA; Mandeville, LA; and Ashburn, VA, Club Champion is ready to enter over 115 domestic and international locations by the end of the year.
Jordan Brand VP Joins Sony
Andrea Perez, formerly global vice president and general manager of Jordan Women’s, has joined Sony as SVP global marketing, product, brand and services with a focus on its Playstation brand.
Adidas Places Yeezy Partnership Under Review
Adidas issued a statement saying it had placed its partnership with Kanye West supporting the Yeezy range “under review” after West had recently been publicly critical of the company and its CEO.
Levi Strauss Cuts Outlook On Macroeconomic Pressures In The U.S. And Europe
Levi Strauss & Co. reported earnings for the third quarter that ended August 28 came in slightly ahead of Wall Street’s estimates despite sales coming up short. Guidance was reduced for the year due to more modest expectations for the fourth quarter.
Academy Sports’ Debt Ratings Upgraded
S&P Global Ratings raised the debt ratings of Academy Sports + Outdoors, Inc. due to its recent better-than-expected performance, including S&P Ratings’-adjusted EBITDA margins of almost 19 percent over the last six quarters.
