SGB Update Sports & Fitness

PSG Shares Plunge Amidst Legal Review

Performance Sports Group said directors’ decision to hire a law firm to vet its annual report will cause it to file late and violate covenants with lenders.

Fabletics Opens Brick-and-Mortar in Denver

Fabletics, the subscription-based activewear and accessories e-tailer founded by actress Kate Hudson, will open a brick-and-mortar shop in Denver at the Cherry Creek Shopping Center.

Speedo Launches Digital Coaching Tool

Speedo International launched “Swim Coach,” a free digital coaching tool with over 200 expert-designed workouts by elite Speedo athletes to help fitness enthusiasts reach their fitness goals.

Feetures Sales Contest Targets Specialty Retailers

Feetures, a performance sock company, is re-launching their “Pair Up” sales contest to provide an incentive for run specialty retailers to improve their customers’ in-store experience.

Former New Era Talent Heads Supply Chain at GMPC

The Los Angeles-based GMPC, a leader in design and of fashion accessories and manufacturing for the action sports, urban, fashion, outdoor, and lifestyle industries, appointed former New Era Director of Global Accessories Joshua Cherin to the role of Supply Chain VP.

Footaction Free Flow Docuseries Debuts with Fly Style

Footaction, a national retailer of apparel and footwear lifestyle brands, debuted its new digital docuseries, “Footaction Free Flow,” which brings together musical talent from multiple generations in a discussion about current topics.

Adidas Lacrosse Signs No. 1 MLL Draft Pick

Adidas entered a multiyear partnership with Major League Lacrosse’s 2016 No. 1 overall draft pick, midfielder Myles Jones of the Chesapeake Bayhawks.

Li Ning’s Profits Surge in First Half

Li Ning Company Ltd. reported revenue for the six months ended June 30 reached RMB3,596 million, up 13 percent from the corresponding period in 2015.