SGB Update Sports & Fitness
Report: HFA 2025 Global State of the Fitness Industry
The Health & Fitness Association offers a global perspective in its 2025 State of the Fitness Industry report, which is detailed through regional and country analyses, along with expanded research that includes studies on Latin American consumers, gym membership price sensitivity, and American views on fitness.
Report: Gildan Activewear in Talks to Acquire Hanesbrands
Gildan Activewear, headquartered in Montreal, Canada, is close to acquiring Hanesbrands in a potential $5 billion deal that includes debt. A deal could be agreed by the end of the week, but sources cautioned that an acquisition may not be finalized.
On Holding AG Beats Top-Line Estimates for Q2 but Swings to Net Loss; Raises Full Year Guidance
ONON shares were up more than 10 percent in pre-market trading on Tuesday, August 12, after the company delivered another record quarter for net sales, combined with significant increases in EBITDA in the 2025 second quarter while suffering a net loss in the period compared to net income in the year-ago quarter.
GoPro’s Q2 Revenues Slide 18 Percent; Loss Narrows
“Our Q2 results reflect consistent operational execution and efficiency, and we’re excited to launch a broader, more diversified suite of hardware and software products in the second half of 2025, which we believe will restore revenue growth and profitability to our business starting in Q4 2025.” —Nicholas Woodman, Founder and CEO, GoPro
VF’s Former CFO Joins Ibotta
Matt Puckett, the former CFO of VF Corp., will join the Denver, CO-based Ibotta, Inc., a digital promotions platform, as CFO, effective August 25.
Scheels Seeking Financial Incentives for Oklahoma City Store
If approved, the store would be approximately 300,000 square feet in size and is expected to open in 2028. Scheels opened its first store in Tulsa, OK, in October 2024.
U.S. Footwear Sales Slip in First Half Despite Gains in Sneakers and Performance
U.S. footwear industry dollar sales declined 1 percent in the first half of 2025, as declines in fashion and outdoor footwear categories offset gains in the sport, lifestyle and performance segments, according to Circana. Styles inspired by running, soccer/football, and cross-training paced the sport lifestyle category, while performance footwear was led by walking, running and cross-training.
CNBC/NRF Report Sees July Retail Sales Recover; Sporting Goods Sector Momentum Continues
Sporting Goods stores jumped 9.9 percent year-over-year (y/y) unadjusted in July, accelerating from an 8.5 percent y/y gain in May. Clothing, Footwear, Accessories, and General Merchandise were also among the channels with accelerated growth. Overall core retail sales were up 5.93 percent y/y, up from an increase of 3.36 percent in June.
Pickleball Kingdom Franchise to Open in South Brunswick, New Jersey
Yashraj Kurani. also has a location open in Hamilton, NJ, with additional locations in Watchung and Tinton Falls scheduled to open this winter. An IT professional, is also a competitive pickleball player with a background in racquetball and badminton.
Canada Goose Announces Election of Directors
All nominees for election as directors listed in the company’s management information circular dated June 18, 2025, were elected by a majority of the votes cast by shareholders who were virtually present or represented by proxy.
Vuori Expects to Surpass 100-Store Milestone Sooner; Opens Aspen Location
Vuori reported last week that it will surpass its goal of opening 100 retail locations by 2026 with the opening of its latest store in Aspen, CO, on August 8.
Skechers’ Q2 Earnings Climb 22 Percent as EMEA Momentum Offsets Soft U.S. Wholesale
Skechers USA, recently acquired in a $9.4 billion take-private deal with 3G Capital, delivered strong quarterly results, with sales growing 13.1 percent. This growth was led by gains in EMEA, which offset declines in the U.S. and China. Earnings climbed 21.5 percent despite margin pressure from tariffs.
Play It Again Parent Makes Board Changes
Winmark Corp., the parent of the Play It Again Sports franchise, announced that Jenele C. Grassle plans to step down from the board while Keith Credendino, currently chief information and technology officer at Macy’s, was appointed to the board.
Report: Tariffs Expected to Dampen Import Cargo Levels from 2024
“The hither-and-thither approach of on-again, off-again tariffs that have little to do with trade policy is causing confusion and uncertainty for importers, exporters and consumers … not raising them.” —Hackett Associates Founder Ben Hackett
Life Time Opens Ninth Atlanta-Area Fitness Center
Life Time Perimeter, a 79,000-square-foot, three-story member club, is situated between Sandy Springs’ King and Queen towers in the former Concourse Athletic Club, along Interstate 285 and Georgia 400.
