SGB Update Sports & Fitness
Club Champion Opens In Three New Markets
Custom club fitter Club Champion announced the opening of three new fitting studios, located in Dallas, TX; Columbia, SC; and Little Rock, AR. The studio in Little Rock is the first Club Champion studio in the state of Arkansas.
Candy Digital Hires Chief Marketing Officer
Candy Digital, Fanetics’ nonfungible token (NFT) company, has hired former Instagram executive, Andre Llewellyn, as chief marketing officer.
CVC, HPS To Buy Stake In Authentic Brands At $12.7BN Valuation
Authentic Brands Group (ABG) is shelving its planned initial public offering and instead plans to sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of existing stakeholders. The transaction values the company at $12.7 billion in enterprise value.
Pro Image Sports Opens In Syracuse
Pro Image Sports, the largest franchiser of licensed sports merchandise, opened a 4,000 square-foot store at Destiny USA in Syracuse.
Tennis Warehouse Becomes Official Footwear, Apparel Supplier To USPTA
USPTA announced a multi-year endorsement with Tennis Warehouse as the “Official Footwear and Apparel Supplier” of the USPTA starting December 1, 2021.
Oprah Winfrey, Reese Witherspoon Invest In Spanx
Oprah Winfrey, Reese Witherspoon and Bumble Inc. founder Whitney Wolfe Herd have joined funds manager Blackstone in investing in Spanx, Inc. The investment values the women’s shapewear brand at $1.2 billion.
Kitzuma Cycling Logistics Adds LeMond, Alchemy And Eminent
Kitzuma Cycling Logistics is adding three more bike manufacturers to the growing list of brands employing their bike-delivery service: LeMond Bicycles, Alchemy Bikes and Eminent Cycles.
GU Energy Labs Announces Leadership Change
GU Energy Labs has promoted Magdalena Boulet to President.
Nike Partners With Roblox On Virtual World
Nike announced a partnership with Roblox to create a virtual world called NIKELAND. Users will be able to dress up their avatars in Nike-branded footwear and apparel.
Athleta Opens Second Canadian Store In Toronto
Athleta, part of San Francisco-based Gap Inc., opened a new 4,800-square-foot retail store at Yorkdale Shopping Centre in Toronto.
Nike Announces 11 Percent Increase In Quarterly Dividend
Nike, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.305 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 11 percent.
Delta Apparel Q4 Revenues Climb 6 Percent
Delta Apparel Inc. reported earnings rose 38 percent in the fiscal fourth quarter ended October 2 as sales rose 5.9 percent on comparable thirteen-week quarters.
Slinger Bag Enters Puerto Rico With New Distribution Agreement
Slinger Bag announced its latest distribution agreement with Trading and Logistics Group, Inc. to bring it business to the tennis community in Puerto Rico.
Nordstrom Partners With Fanatics To Enter Sports Fan Category
Nordstrom and Fanatics announced a new long-term partnership through which Nordstrom.com customers will have access to shop Fanatics licensed sports fan product.
Macy’s Q3 Same-Store Sales Jump 37 Percent
Macy’s Inc. significantly raised its earnings outlook for the year after reporting third-quarter results that exceeded expectations. Comparable sales jumped 35.6 percent versus 2020 and 8.7 percent versus 2019.
