SGB Update Sports & Fitness
Fleet Feet Adds Two Stores In Texas
Fleet Feet announced it is opening two stores in McAllen and Georgetown, TX, respectively, and and will increase its store count in the state to 26 stores.
Nike Sues StockX Over NFTs
Nike has filed a lawsuit in the Southern District Court of New York against StockX, accusing the sneaker resale marketplace of using Nike’s trademarks without authorization to market and sell non-fungible tokens (NFTs).
Reports: Amazon And Nike Exploring Bids For Peloton
Amazon and Nike are reportedly exploring separate bids for Peloton, the beleaguered leader in internet-connected at-home bikes and treadmills. Peloton’s shares were trading up more than 30 percent in after-hours trading.
Nike Becomes Equity Investor In The WNBA
Nike, Inc. announced it had become an equity investor in the WNBA (Women’s National Basketball Association), following its 25-year commitment to the league. The WNBA overall raised $75 million from investors.
Costco Appoints President And COO
Costco has named Ron Vachris as president and chief operating officer, according to a regulatory filing He has also joined Costco’s Board of Directors.
Kohl’s Takes ‘Poison Pill’ To Thwart Hostile Takeover
Kohl’s said recent takeover offers undervalue its business in light of future growth and cash flow generation, following a review by independent financial advisors. The retailer also has adopted a shareholder rights plan, otherwise known as a “poison pill,” in order to avert a hostile takeover. The plan is effective immediately and expires in February 2023.
Asics Ventures Invests In Real-Time Sports Analysis Applications
Asics Corporation announced that its investment subsidiary, Asics Ventures Corp., has invested in Edge Limited (RUN.EDGE), a provider of real-time sports video analysis applications, including FL-UX, Pitchbase and Taguru.
GoPro’s Q4 Revenues Expand 8 Percent
Profits at GoPro Inc. increased 8.2 percent in the fourth quarter on a 9 percent revenue gain.
Sparx Hockey Acquires Minnesota-Based BladeScan
Sparx Hockey, inventors of the Sparx Skate Sharpener, announced it has acquired BladeScan, creator of the BladeScan laser-measurement machine.
HanesBrands’ Q4 Growth Led By Champion, Raises 2024 Full Potential Financial Targets
HanesBrands Inc. reported earnings rose 5.4 in the fourth quarter. Sales grew 4 percent and gained 9 percent on a constant currency basis excluding PPE and 53rd-week sales in 2020. Sales and EPS were in line with Wall Street targets. Global Champion brand sales increased 10 percent over the prior year and 25 percent over fourth- quarter 2019. HanesBrands raised its 2024 Full Potential financial targets.
Withings Acquires 8fit
Withings announced the acquisition of 8fit, the health, fitness and wellness app.
Hyperice Appoints CFO
Hyperice announced that Sung Kim has been appointed chief financial officer (CFO). He was at The Honest Company.
Woom Bikes Appoints New Global CEO
Woom Bikes appointed Woom USA founder, Mathias Ihlenfeld, as the kids’ bike brand’s global CEO. The company’s founders, Marcus Ihlenfeld and Christian Bezdeka are stepping back from day-to-day operations but remain shareholders in the company.
Canadian Tire Announces Chairman Succession
Canadian Tire Corp., Ltd. announced that Maureen Sabia will retire as chairman and from the Board of Directors following the company’s Annual Meeting of Shareholders on May 12, 2022. She will be succeeded as chairman by J. Michael Owens following his re-election as a director at that meeting.
Compass Diversified Invests In Packaging Firm
Altor Solutions, a subsidiary of Compass Diversified (CODI) and a manufacturer of custom protective packaging solutions and componentry, announced that it has acquired Foam Concepts, Inc. Financial terms of the transaction were not disclosed.
