SGB Update Sports & Fitness
Natural Alternatives International Appoints VP Of CarnoSyn
Natural Alternatives International, Inc. announced that Aaron Starr was promoted to vice president of the CarnoSyn sports nutrition brand, responsible for leading its business teams, overseeing operations and the advancement of its brands.
Lululemon, REI And Patagonia Score Top Marks For Resale Programs
According to a review of brands and retailers with dedicated resale programs, Lululemon ranked third, REI fourth and Patagonia fifth in ThredUps’s recommerce 100 study.
Academy Sports & Outdoors HQ And Distribution Center Sold For $190 Million
Mirae Asset Global Investments, based in Seoul, South Korea, has purchased the headquarters campus of Academy Sports + Outdoors in the West Houston, TX suburb of Katy. Phoenix-based Tratt Properties sold the 1.5 million-square-foot campus, which is triple-net leased to Academy Sports on a long-term lease, for $190 million.
Xponential Fitness Partners With Lululemon And Mirror
Xponential Fitness Inc. announced a collaboration with Lululemon to create original fitness programming for the Mirror, the retailer’s smart home gym offering.
The Athlete’s Foot Appoints EMEA Chief
The Athlete’s Foot (TAF) announced Romano Cinelli as its new vice president and general manager for TAF’s territories: Europe, Middle East and Africa.
LF Corp. Appointed Strategic Partner For Reebok In South Korea
Authentic Brands Group (ABG) reached a long-term partnership agreement with LF Corp., giving the company the exclusive rights to distribute and sell Reebok apparel and footwear for men, women and kids through wholesale, e-commerce and Reebok-branded retail stores in South Korea.
Lids Expands Into Mexico
Lids is expanding internationally by opening its first independent stores in Mexico over the next several months.
Under Armour Appoints India Distributor
Under Armour has appointed Underdog Athletics as the exclusive distributor and licensee for the brand in India.
361 Degrees Sees High-Teens Retail Growth In First Quarter
China-based 361 Degrees posted high-teens year-on-year growth for its retail sales performance in the first quarter of the year, while the overall retail sales of its e-commerce products grew approximately 50 percent compared with 2021.
Li-Ning Sees Robust Retail Sell-Through In First Quarter
Li-Ning posted a nearly 30 percent year-on-year increase in retail sell-through in the first quarter of 2022.
Lululemon Announces Plan To Double Revenue By 2026 To $12.5 Billion
Building on the momentum of the last three years and having successfully delivered its overall revenue and earnings goals early, Lululemon Athletica, Inc. announced a new Power of Three ×2 growth strategy that includes a goal to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026.
Nike Updates Hybrid-Work Plans
Nike announced a new remote work policy that will allow employees to work remotely up to four weeks per year.
A Shoc Energy Raises $29 Million In Funding
A Shoc Energy announced a $29 million Series B funding round led by investments from existing investors, strategic participants, athletes, and celebrities.
Xponential Fitness Launches On-Demand Platform
Xponential Fitness, Inc., digital platform, Xponential+ (“XPLUS”) has officially launched, offering live and on-demand access to its studio locations. Xponential’s brands include Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, AKT, Stride, Rumble, and BFT.
Rally House To Open Stores In South Bend
After opening three stores in Indianapolis in 2021, Rally House plans to open Rally House Erskine Village and Rally House University Crossings in the South Bend market.
