SGB Update Sports & Fitness
Skullcandy Receives Unsolicited Offer
Skullcandy, Inc. (NASDAQ: SKUL) disclosed Friday that it received an unsolicited proposal from Mill Road Capital to acquire all its outstanding shares, just one day after entering an agreement to be acquired by Incipio LLC.
New Balance Opens Flagship in Boston Landing
New Balance announced the opening of its first U.S. global flagship Store at Boston Landing.
SFIA’s Start-Up Challenge Closes Applications
The Sports & Fitness Industry Association (SFIA) announces the close of applications and release of judges for its 2016 SFIA Start-Up Challenge. Throughout the past two months, 55 up-and-coming companies.
Challenged Athletes Foundation Appoints New CEO
The Challenged Athletes Foundation announced the hire of Ken Wheatley as its new CEO.
Under Armour Eyewear Gets Exclusive with Ripken Baseball
Under Armour Eyewear entered an exclusive partnership with Ripken Baseball in a commitment to focus on young players.
Former Nike Scout Dies Base Jumping in Norway
Longtime Nike Chief Talent Scout, Michael Leming, reportedly died in a BASE jumping accident in Norway on June 26.
Brooks Running Adds NCAA Standouts to Beasts Track Club
Brooks Running Company welcomed NCAA standouts Shaquille Walker and Brannon Kidder to the Brooks Beasts Track Club as the team’s newest recruits.
Finish Line Comps Up 1.5 Percent in Fiscal First Quarter
The Finish Line Inc. reported consolidated net sales were $453.5 million, up 2.3 percent over the prior year period thanks in part to a 1.5 percent increase in comparable store sales.
FESI Renews Pact to Fight Rogue Websites
The Federation of European Sporting Goods Industry (FESI) joined the European Commission, several right owners and e-commerce markets to sign an updated Memorandum of Understanding to fight rogue websites amid signs that online sales of counterfeit goods have grown dramatically.
NHL Verifies Las Vegas Franchise for 2017-18
The NHL verified it will expand the franchise to Las Vegas—which will begin playing as its 31st team for the 2017-18 season.
Academy Sports to Open Three Stores
Academy Sports and Outdoors announced the opening of stores in Little Apple, KS; Jackson, TN; and Weatherford, TX.
New Balance to Open Missouri Distribution Center
New Balance Athletics opened a 165,000-square-foot distribution center in Earth City, MO to support its growing e-commerce business.
Kering Reiterates Puma Not for Sale
Kering chairman and chief executive François-Henri Pinault told the Financial Times that Puma was not for sale for the time being, saying the company plans to hold on to its majority stake until at least 2018.
Macy’s CEO Terry Lundgren to Step Down in 2017
Macy’s, Inc. announced that Terry J. Lundgren, the company’s CEO since 2003 and chairman since 2004, will transition the position of CEO to Jeff Gennette in the first quarter of 2017.
Lands’ End Appoints Band of New Leadership
Lands’ End appointed several new leadership roles across the company, led with the promotion of Becky Gebhardt to executive vice president and chief marketing officer.
