SGB Update Sports & Fitness

U.S. Ports Seeing Brief Slowdown From Last Year But Imports Remain High

The nation’s major retail container ports have begun to catch up with the backlog of cargo seen over the past several months but could experience another surge this summer, according to the monthly Global Port Tracker report released by the National Retail Federation.

Fabletics Names Chief Design And Merchandising Officer

El Segundo, CA-based Fabletics, announced that it hired Kelli Dugan as chief design and merchandising officer, responsible for product creation, including merchandising, design and planning. Dugan will also lead the ongoing global expansion of its business into men’s, loungewear and swim.

KKR Formalizes Offer For Accell Group

In a joint press release, Accell Group, the parent of Raleigh, Ghost, Haibike, and other bike brands, and a private consortium headed by Kohlberg Kravis Roberts & Co. (KKR) recommended shareholders accept the all-cash offering for its shares for 1.56 billion euros ($1.76 billion).

Unleashed Brands Names COO And EVP Of Strategy

Unleashed Brands, the franchiser of Urban Air, Snapology, The Little Gym and Premier Martial Arts, has hired Joe Luongo as chief operating officer and executive vice president of strategy.

NPD And IRI To Merge

The NPD Group (NPD) and Information Resources, Inc. (IRI) announced the signing of a definitive agreement to merge the two companies. The transaction is expected to close in the second half of 2022.

Levi Strauss’ Q1 Revenues Climb 22 Percent

Levi Strauss & Co. reported profits on an adjusted basis grew 34.9 percent in the first quarter ended February 27 as sales ran up 22 percent. Both earnings and sales topped Wall Street targets.

IFit Withdraws IPO Following Postponement In October

According to a filing with the Securities and Exchange Commission on Wednesday, NordicTrack, owner of IFit Health & Fitness, Inc., scrapped its plans for an already-postponed initial public offering

NPD Report: Golf Equipment Sales Drop in Second Half Of 2021

Golf clubs and gloves sales declined in the period from July 2021 through February 2022, down 12 percent and 6 percent, respectively, year-over-year, according to Retail Tracking data from The NPD Group. Golf balls remained flat, and accessories (i.e., tees) and training aids were higher.

Brand Finance Ranking Report: Nike Retains Top Spot As Most Valuable Brand

As a result of increased consumer demand for sportswear due to the pandemic, brands in the sector achieved significant value growth over the last year, according to the just-released Brand Finance Apparel 50 Report. Nike retains the top spot as the most valuable brand in the ranking since the rankings were instituted. Skechers and Li Ning were also among those growing significantly in value.

Frasers Group Appoints Managing Director, Cycling

Frasers Group plc announced the appointment of Russell Merry as managing director for cycling. The group currently operates from over 70 Evans Cycles stores and retails a collection of cycling specialty products across its Group portfolio, which spans 22 countries and over 500 stores.