SGB Update Sports & Fitness
Nike To Pay $5 Million To Lontex Attorneys In Trademark Suit
Nike Inc. will have to pay $4.99 million to cover the attorneys’ fees and expenses that Lontex Corp. incurred in litigating to trial in an infringement case over Lontex’s “cool compression” trademark.
Ontario’s Garb and Gear Source for Sports Closing
Garb and Gear Source for Sports in Owen Sound in Southwestern Ontario is closing as its owners, Brian and Janice Warrilow, are retiring.
Fanatics Partners With Minnesota Vikings
Fanatics announced an exclusive, ten-year omnichannel merchandise and retail partnership with the NFL’s Minnesota Vikings. As a part of the deal, Fanatics assumes the operation of its e-commerce, mobile and physical retail stores.
HighPost Capital Acquires Chris Hemsworth’s Centr and Inspire Fitness
HighPost Capital, a private investment firm announced the acquisitions of Centr, a personalized digital health and fitness platform curated by actor Chris Hemsworth, and Inspire Fitness, a maker of fitness equipment. Financial terms were not disclosed.
Revo Expands Golf Division To Include Racquet Sports
Revo has expanded its Golf division to include racquet sports and hired six additional tennis reps in response to industry growth in the golf, tennis and pickleball categories.
Kohl’s Sends Letter To Shareholders Highlighting Board Leadership And Robust Process
Kohl’s Corporation on Thursday mailed a letter to shareholders detailing the steps the Board has taken to maximize shareholder value ahead of its May 11 annual meeting. The steps include a robust and intentional process to evaluate potential bids. Kohl’s said the letter also summarizes activist invesor Macellum’s “shifting narrative and short-term focus on a sale of the company at any price.”
Golftec Opens Location In Phoenix
Golftec opened a new instruction and club fitting center in Phoenix, AZ.
Fanatics Plans New Distribution Operations In Maryland
Fanatics is opening a new 500,000-square-foot distribution center in Aberdeen, MD. The East Coast location creates 135 full-time jobs, enhances its existing distribution capabilities with access to overnight delivery to one-third of its U.S. customer base, and is convenient to the Port of Baltimore and BWI airport to ship globally.
Decathlon Suspends Operations In Russia Over Public Outcry
Decathlon, the largest global sporting goods chain based in France, said it is suspending activities in Russia due to challenges securing supplies. The retailer had faced criticism for remaining open during the war Russia continues to wage against Ukraine.
Vuori Announces International Launch
Southern California-inspired activewear brand Vuori launched in the UK, France, Germany, Ireland, Netherlands, Australia, and Canada, marking the company’s global rollout announced late last year.
F45 Training Appoints Chief Marketing Officer
F45 Training Holdings, Inc. announced it hired Brian Killingsworth as chief marketing officer, reporting to Adam Gilchrist, president, CEO and chairman.
Hibbett Promotes Supply Chain And Merchandising Veterans
Hibbett, Inc. has promoted Mike McAbee and Stephani Smith to SVP, supply chain and store development and SVP, merchandising, respectively.
OrthoLite Announces New Sales Manager For Portugal
OrthoLite expanded its global sales management team in Europe, appointing Marisa Costa as sales manager for Portugal.
Lululemon Q4 EPS Beats Guidance
Lululemon Athletica, Inc. reported earnings on an adjusted basis rose 30 percent in the fourth quarter ended January 30 as comparable sales increased 22 percent. Earnings came in above updated guidance provided on January 10.
Obit: George Dickerman
George Dickerman, former president of Spalding Sports Worldwide, passed away at the age of 83.
