SGB Update Sports & Fitness
Play It Again Sports Enters Resale Partnership With Rawlings And Easton
Winmark Corporporation’s Play It Again Sports retail chain entered into a partnership with Rawlings Sporting Goods, Inc., the baseball and softball gear makers, and Easton bats, as the Official Resale Partner of Rawlings and Easton.
UEFA And Fanatics Sign Long-Term Licensing, E-Commerce And Event Retail Deal
UEFA (Union of European Football Associations) and Fanatics announced a long-term e-commerce, event retail and licensing deal.
Nike Appoints Board Members
Nike, Inc. announced that Mónica Gil and Bob Swan were elected to the company’s Board of Directors. Gil is chief administrative and marketing officer of NBCUniversal Telemundo Enterprises. Swan is an operating partner at Andreessen Horowitz and former CEO of Intel Corporation.
Report: High School Sports Participation Declines Over After Pandemic
In its first high school sports participation survey in three years, the National Federation of State High School Associations (NFHS) reported a total of 7,618,054 participants in high school sports for 2021/22, down four percent from its 2018/19 figure of 7,937,491. However, NFHS noted that participation is “on the road back” after schools could not offer programs in typical fashion during portions of the 2019/20 and 2020/21 school years in the U.S. due to the pandemic.
The North Face Makes Executive Appointments
The North Face hired Sophie Bambuck as chief marketing officer and Jennifer Ingraffea as chief product and merchandising officer.
Nordstrom Adopts ‘Poison Pill’ After Mexican Retailer Buys Stake
Nordstrom, Inc. adopted a shareholder rights plan, more commonly known as a “poison pill,” to prevent outsiders from boosting their stake in the business after a Mexican company acquired a 9.9 percent stake in the upscale U.S. retailer’s business.
Fanatics Partners With International Cricket Council
Fanatics and the International Cricket Council entered into a partnership whereby Fanatics operates the official ICC Global online store for all events and becomes manager of event retail.
Puma Extends Partnership With Gen.G
Puma and global esports organization Gen.G announced a multiyear extension to the brands’ existing partnership.
A4 Apparel Acquires LabFit And Appoints Industry Veteran As President
A4, the Los Angeles-based team and corporate apparel manufacturer, has acquired LabFit Sublimation and hired industry veteran Todd Levine as president. Mark Mertens will remain as chairman and CEO.
Kohl’s Debt Ratings Downgraded
S&P Global Ratings downgraded the debt ratings of Kohl’s Corp. following the retailer’s update on its sales and earnings guidance for the full year. S&P said it expects Kohl’s medium to long-term business prospects will continue to be challenged by the secular headwinds facing department stores.
Dick’s SG Expands On-Demand Retail Delivery
Dick’s Sporting Goods has partnered with DoorDash to use its on-demand delivery service. This makes Dicks its first sporting goods and retail apparel partner.
Red Bull Racing Partners With Castore
The Red Bull Formula One team entered into a multi-year partnership with the UK sportswear brand Castore. The agreement begins with the start of the 2023 season. Castore will supply the racing team with apparel, including sportswear.
GroupeSTAHL Hires New CFO
Michigan-based GroupeSTAHL hired Derek Nugent as chief financial officer.
Lids Opens Flagship In Las Vegas
Lids opened a flagship store on the Las Vegas Strip. The two-story building is the retailer’s largest concept store at 12,000 square feet.
Varsity Spirit To Open New Headquarters In Downtown Memphis
Varsity Spirit will open its new headquarters in downtown Memphis, TN.
