SGB Update Sports & Fitness
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.
New York Road Runners Appoints CEO
New York Road Runners announced that Rob Simmelkjaer, a former NBC Sports Ventures and ESPN executive, was hired as chief executive officer, effective November 15, 2022.
Jordan Brand Hires VP/GM, Women’s
Nike’s Jordan Brand hired Tonia Jones as VP and GM of its women’s business. Jones is a 33-year Nike veteran.
Peloton To Cut Another 500 Jobs
Peloton Interactive plans to cut another 500 jobs as part of its turnaround efforts; this is the company’s fourth round of layoffs in 2022.
Under Armour Announces Two Executive Leadership Roles
Under Armour, Inc. named David Baxter as president of the Americas, succeeding Stephanie Pugliese who resigned from her position. Mehri Shadman was promoted as chief legal officer and corporate secretary, replacing John Stanton, who retires at the end of 2022.
Head Sportswear Increases North American Sales And Marketing Team
Head Sportswear hired Greg Johnson and Madison Steven to its North American sales and marketing team.
IHRSA Expands Leadership Team
IHRSA announced that Jeffrey Solsby would join the fitness trade group, effective October 12, as senior vice president of communications.
Target Names Chief Digital And Product Officer
Target Corp. hired Prat Vemana as executive vice president, chief digital and product officer, effective October 31, reporting to chief guest experience officer Cara Sylvester.
