Super Saturday Breaks Records

Super Saturday on December 21 reached a record $34.4 billion in sales, marking the largest single-day in U.S. retail history, according to Customer Growth Partners. Super Saturday sales of $34.4 billion were 10 percent above Black Friday’s $31.2 billion total.

Moody’s Downgrades 24 Hour Fitness

The downgrade follows the weaker than expected EBITDA forecasts for the full year 2019 and 2020 as a result of a decrease in new member sales conversion and higher attrition rates. These factors contributed to a sizable decline in membership count and an acceleration in comparable club revenue declines in the third quarter.

Shoptalk And Groceryshop Acquired By Hyve Group

Shoptalk and Groceryshop, popular U.S. conferences in the retail, grocery and consumer packaged goods industries, have been acquired by Hyve Group plc, one of the world’s leading organizers of international exhibitions and conferences, for $145 million.

Vicis To Enter Receivership

Vicis Inc.,  the high-tech football helmet startup, announced that its board of directors voted to place the company into receivership.

Weav Music Raises Series A Funding

Weav Music, the audio innovation lab helmed by Google Maps co-founder Lars Rasmussen and marketing visionary Elomida Visviki, announced a $5 million Series A financing round. The round was led by King River Capital; global fitness leader Peloton also participated, along with previous investors Passion Capital and Rivet Ventures.

Evolv Gets New General Manager

The Oberalp Group, which owns Salewa, Dynafit, Pomoca, Wild Country and Evolv, has hired William (Bill) Sinoff as general manager of Evolv climbing shoes.

2019 Year In Review: M&A Accelerates Across Active Lifestyle Market

2019 saw consolidation accelerate across the active lifestyle market, but almost as remarkable as the sheer volume of M&A was the variety of deals that closed during the calendar year. Retailers and brands accounted for a majority of transactions, but a host of other privately held and publicly traded businesses pulled the trigger on industry-shifting moves. SGB has the full list from the last 12 months.

Dick’s To Close Store In Elk Grove

Dick’s Sporting Goods is closing its store in Elk Grove, CA, according to the Sacramento Business Journal. The location was converted from a Sports Authority in 2017.