SGB Update Sports & Fitness
Peloton Delays 10-K Filing
Peloton Interactive, Inc. will delay the publication of its annual report. The company said it needs more time to sort out accounting tied to the connected fitness company’s restructuring effort.
Life Time’s CFO To Retire
Life Time Group Holdings, Inc. announced that President and Chief Financial Officer Thomas Bergmann would retire from the company on December 31, 2022. The company also announced that Robert Houghton had been named executive vice president and chief financial officer, effective August 28, 2022.
Team USA Signs Merchandise Deal With Fanatics For 2028 LA Olympics
Team USA signed a long-term agreement licensing Fanatics, Inc. to manufacture and sell Olympic-branded merchandise for the 2028 Summer Olympic Games in Los Angeles, CA.
Basecamp Fitness Signs Development Agreements Adding Seven Studios
Basecamp Fitness signed franchise development agreements to bring seven studios to Boston, Kansas City and Minneapolis-St. Paul.
Dick’s SG Expands Resale Partnership With SidelineSwap
Dick’s Sporting Goods expanded its partnership with SidelineSwap to offer 50 new trade-in events in seven states through 2022.
Portland Design Works Adds Sales and Marketing Manager
Portland Design Works (PDW), the specialist in cycling accessories, hired Kate Echols Moore as sales and marketing manager.
Baltimore Orioles Partner With Fanatics
The Baltimore Orioles and Fanatics announced a new ten-year partnership that will see Fanatics become the team’s official “end-to-end omnichannel retail partner” starting next year.
3STEP Sports Acquires Hoop Group
3STEP Sports, the youth sports club and event operator, has acquired Hoop Group, the grassroots youth basketball brand.
Tommy Hilfiger Appoints Nike VP As Chief Merchandising Officer
Tommy Hilfiger appointed Nadia Azria, most recently Nike’s VP, EMEA, One Nike Market Place, as chief merchandising officer, Tommy Hilfiger Global, effective November 1.
TRX Acquired By Founder In Bankruptcy Proceedings
TRX, which filed for bankruptcy in June to pursue a sale, announced that its founder and former CEO, Randy Hetrick, and partner, Jack Daly, have acquired the fitness brand.
Rally House Opens Two Stores
Rally House opened its first store in the Columbus, OH market and another in the St. Louis area.
Report: Outdoor Voices Exploring Sale
Outdoor Voices is exploring financial options, including a potential sale, sources told Business Of Fashion.
Dick’s House of Sport To Open In Upstate New York
Dick’s Sporting Goods plans to open a Dick’s House of Sport location at the Oakdale Mall in Johnson City, NY. The 140,000-square-foot location is expected to be the retailer’s largest.
Under Armour Extends Partnership With University of Massachusetts Lowell
The UMass Lowell Athletic Department has extended its partnership with Under Armour and All Sports Heroes through 2027.
IFit Appoints Appoints Chief Customer Officer
IFit, the parent of NordicTrack and Proform, and its IFit connected fitness streaming platform, announced that Andy Donkin, former chief marketing officer of Alexa Auto at Amazon, has joined IFit as its chief customer officer.
