SGB Update Sports & Fitness
Nike VP Joins Estée Lauder’s Board
The Estée Lauder Companies, Inc. appointed Angela Wei Dong, global vice president and general manager, Greater China, Nike Inc., to its Board of Directors.
Li Ning’s CFO Retires
Li Ning Company, Ltd. announced that Terence Tsang, its chief financial officer, has retired due to retirement age.
Delta Apparel Expects Q3 Sales Growth Of Approximately 6 Percent
Delta Apparel, Inc. said it expects net sales for its 2022 fiscal third quarter ended July 2 to be approximately $126 million, a 6 percent increase compared to the prior-year third-quarter net sales of $118.7 million and mid-single-digit growth when compared to the pre-pandemic fiscal 2019 third-quarter net sales.
Peloton To Exit Manufacturing Operations
Peloton Interactive said on Tuesday that it would cease in-house production of its bikes and treadmills and move manufacturing to partners to simplify its operations and reduce costs. The New York-based company will expand its relationship with Taiwanese manufacturer Rexon Industrial Corp., which will become the primary hardware manufacturer for its bike and tread product lines.
Designer Brands To License Le Tigre Footwear
Designer Brands, Inc., the parent of DSW, announced an investment in and licensing agreement with Le Tigre, the American athletic apparel brand famous in the 1980s. Designer Brands will design and produce Le Tigre footwear to be sold primarily through DSW and The Shoe Company.
Puma Files Trademark Infringement Suit Against Brooks
Puma SE has sued Brooks Sports in Indianapolis federal court, charging that Brooks alleged advertising for sneakers with nitrogen-infused soles violates Puma’s “Nitro” trademark rights, according to Reuters.
South Korean Fashion Group F&F Acquires Sergio Tacchini
South Korean clothing company F&F has acquired Italian tennis brand Sergio Tacchini for U.S. $63 million.
USA Pickleball Appoints Chief Marketing Officer
USA Pickleball, the national governing body for pickleball in the United States, announced that Chuck Menke was named chief marketing officer. Menke formerly led marketing for Sparking Life and USA Triathlon.
Callaway Golf Names Foresight Sports Partner For Launching Monitor Technology
Foresight Sports, part of Vista Outdoor, has become the official launch monitor partner of Callaway Golf and Topgolf Entertainment Group.
Bajío SunglassesSunglasses Expands Reach Into European Markets
Bajío Sunglasses, the maker of blue-light filtering, sustainably-made, performance sunglasses, has partnered with Fly Fish Europe, a fly fishing distributor in Europe, to expand to a broader consumer base.
Coats Acquires Texon International For $237 Million
Coats Group plc has acquired Texon, the manufacturer of structural components and materials for the footwear, accessories and apparel industries.
Haro Bikes Appoints Supply Chain Director
Haro Bikes has hired Doss Barnes as supply chain director. Barnes’ experience includes positions at Fox Shox, Santa Cruz and Pon Bike Group as global category manager for performance brands.
Dunning Golf Appoints VP Of Sales
Dunning Golf appointed Roger Landry as vice president of sales, golf.
Rally House Opens In Bloomington
Rally House is opening its sixth store in Bloomington, IN at College Mall.
Back-To-School Selling Expected To Reach New Record
According to retail forecasters Customer Growth Partners, back-to-school retail sales will grow 5.5 percent in 2022 to a record $812 billion, up from $769 billion in 2021.
