SGB Update Sports & Fitness
Slinger Bag Parent Warns Of Late Regulatory Filing
Connexa Sports Technologies, Inc., formerly Slinger Bag, announced it had received a letter from The Nasdaq Stock Market, LLC (NASDAQ) on September 22, 2022, notifying the company that it is not in compliance with the periodic filing requirements for continued listing because it failed to file financial documents with the SEC.
Academy Opens First Store In Lexington
Academy Sports + Outdoors announced opening its first store in Lexington, marking its sixth in Kentucky.
Nike Opens First Store In The Bronx
Nike has opened a store in the North Bronx, its first in the New York City borough. Located at 340 Baychester Avenue, the store is one of the brand’s community-focused Nike Unite concept stores.
Beyond Yoga To Open First Store
Beyond Yoga, acquired by Levi Strauss in September 2021 for $400 million, is opening its first store in Santa Monica, CA.
Nautilus’ Board Announces Strategic Review
With support from management, Nautilus, Inc. announced that its Board of Directors had launched a review of strategic alternatives, which could include the sale of the company, to identify opportunities to accelerate digital growth under its previously announced North Star plan and enhance shareholder value.
Peloton’s Head Of Marketing Exits
Dara Treseder, Peloton’s head of marketing, is leaving the company, effective October 4, to become chief marketing officer at Autodesk.
Amazon Adds Second Prime Shopping Event In October
Amazon added a Prime-exclusive two-day shopping event in October. Its “Prime Early Access Sale” is for Amazon Prime members offering Black Friday-like deals from October 11-12.
PGA Tour Superstore Appoints President
PGA Tour Superstore announced that Dick Sullivan, currently president and chief executive officer for PGA Tour Superstore, has been named executive chairman and CEO while Jill Spiegel, now PGATSS chief merchandising officer, has been promoted to president.
Peter Millar Partners With USGA
The USGA and Peter Millar signed a partnership agreement designating Peter Millar the Official Outfitter of the USGA and supporting partner of the U.S. Open Championship. Peter Millar hired industry veteran Patrick Kiely as vice president, Strategic Partnerships & Corporate Sales, to support the partnership and oversee the day-to-day operations with the USGA team.
Peloton Compliance Chief Joins Snap
The head of compliance and risk at Peloton Interactive, Inc., Lance Lanciault, has left the company and joined Snapchat parent Snap, Inc.
Rally House Adds Location In Dallas
Rally House has opened another location in the Dallas market. Rally House Preston Forest is 15 minutes north of downtown.
JD Sports’ Profits Slide In First Half
JD Sports reported an 18.2 percent drop in pre-tax profits for the six months ending July 31, partly due to the U.S. government support it received as part of the country’s COVID stimulus package last year, which boosted year-ago results. Sales grew 13.7 percent year-over-year.
Greg Norman Collection Hires Creative Director
Greg Norman Collection announced it hired Peter Bentivegna as vice president and creative director, overseeing men’s and women’s design and product development across the brand’s green grass, wholesale and DTC retail channels.
BTI Adds Outside Reps To Cover U.S.
Bicycle Technologies International (BTI) hired five additional reps to expand its coverage in the U.S.
North American Bike Distributor HLC Acquired By Private Equity
MiddleGround Capital, the investment specialist and buyer of middle market B2B industrial and specialty distribution companies, purchased North American bike parts and accessories distributor HLC. The terms were not disclosed.
