The company successfully closed on selling Kona Bikes to a group led by Kona’s original founders, Dan Gerhard and Jake Heilbron. Kent acquired the bike brand with the Bote brand in early 2022.
Author: SGB Media
Sports Endeavors Acquires NJ-Based Soccer Specialty Retailer
The parent of Soccer.com completed the acquisition of regional soccer specialty retailer Ewing Sports based in New Jersey.
Xponential Fitness Founder Resigns from CEO Post After Board Action
Founder Anthony Geisler resigned as CEO of Xponential. The company’s Board of Directors removed Geisler from his duties and suspended him indefinitely as CEO, effective April 13, 2024.
SeaWide Marine Distribution Opens New Distribution Center
The company said the new 520,000-square-foot space is strategically located to enhance SeaWide’s distribution capabilities while maximizing service levels for its customers and suppliers.
Kizik Opens Two New Retail Locations
Hands-free footwear brand opens new store in Mall of America and King of Prussia as part of its brick-and-mortar retail expansion strategy.
America’s Conservation Enhancement Reauthorization Act Passes U.S. Senate
America’s Conservation Enhancement Reauthorization Act includes funding for fish habitat restoration, pollution reduction in the Chesapeake Bay, invasive species management, and the protection of traditional tackle.
NBDA E-Bike Survey Reveals Leading Brands, Services and Systems
With the e-bike category experiencing unprecedented growth, the trade association of independent bicycle dealers said feedback gathered from over 552 bicycle retailers across North America provided invaluable insights into supplier performance and retailer satisfaction.
Rally House Opens Second Storefront in Wisconsin
Rally House expands its presence in Wisconsin to two storefronts after opening Rally House Outlets at The Dells in Baraboo on May 17. Last October, Rally House opened its House Mayfair Collection in Wauwatosa, WI.
REI Chicago Union Workers Disrupt Anniversary Sale, Walk Off Job
REI Union Chicago workers walked off the job this on Saturday May 18, during the retailer’s annual Anniversary Sale, demanding the retailer reach a “fair contract” by the end of 2024.
Fidlock USA Continues Growth
As part of the company’s growth plan, Fidlock diversified into new product categories, positioning it for expanded U.S. market reach and increased sales representation in the Southeast, Mid-Atlantic and Northeast regions.
EXEC: Tom Cove to Retire from SFIA Leadership Post in October
Always the gentleman, always understated and always a class act, Tom Cove let slip this week that he will retire from his leadership role at the SFIA, the Sports & Fitness Industry Association, formerly SGMA, in the fall.
Patagonia Prevails in Nordstrom Lawsuit
The suit alleged that Nordstrom sold “thousands of counterfeit Patagonia sweatshirts and t-shirts” through its Nordstrom Rack stores, in the complaint filed in the U.S. District Court for the Central District of California.
Health & Fitness Association Carries PHIT Baton to U.S. Congress Meetings
The trade association, formerly IHRSA, reported that 120 industry leaders participated in this year’s HFA Fly-In and Advocacy Summit May 7-8 in Washington, DC, doubling last year’s attendance.
Snipes Appoints Martin Badour as President of Snipes USA
He succeeds Jim Bojko, who has left Snipes. In his new role, Badour will be responsible for managing the company in the United States, according to a press release from the company..
Report: Public Lands See Increased Visitors as Recreation Funding Declines
Led by the Outdoor Alliance, 34 outdoor recreation organizations and businesses called on lawmakers to “fully fund recreation budgets at the U.S. Forest Service and the Bureau of Land Management.
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