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Author: SGB Media

Crunch Franchise Opens Newest Location in Eugene, OR

February 15, 2024 SGB Update

Crunch Eugene, a 45,000-square-foot fitness facility in Springfield, OR will open in the Shoppes of Gateway Mall.

EXEC: Yeti Hires Layne Rigney to Oversee Softgoods and Mystery Ranch

February 15, 2024 SGB Executive

An industry veteran, most recently, Rigney was a board member at Sea to Summit and Marucci Sports but shifted his focus to the Yeti role in January 2023.

EXEC: Footwear Brands Are Ramping Up Factory Orders

February 15, 2024 SGB Executive

Yue Yuen Industrial reported that its footwear manufacturing segment revenue posted 12.5 percent growth in January 2024, a big turnaround from the 18.4 percent decline in its footwear manufacturing segment for full year 2023.

Xponential Fitness Completes Divestiture of Stride Fitness

February 15, 2024 SGB Update

The divestiture of its brand Stride Fitness to Stride Fitness Franchising, Inc., owned by Shaun Grove, the president of Xponential’s Rumble Boxing brand, is not expected to materially impact XPOF revenue in 2024.

USA Pickleball Certifies Owl Paddles For Tournament Play

February 15, 2024 SGB Today

The partnership, coupled with USAP approval and certification, positions Owl to make an even bigger impact on the growing paddlesport category.

Crocs Inc. Sees Q4 Growth Slow as N.A. Wholesale Declines

February 15, 2024 SGB Update

Fourth quarter revenues were $960 million, an increase of just 1.6 percent, or 1.5 percent on a constant-currency (CC) basis, from the corresponding period in 2022. North America Wholesale declined 5.1 percent in Q4.

Skechers U.S.A. Completes a Retail 5K on Way to Store Number 10,000

February 15, 2024 SGB Update

Expanding its international store count, key store openings for Skechers leading up to the milestone are in Chile, Greece, India, Mexico, South Korea, the United States, and the 5,000th store in Bogotá, Colombia.

Dead Air Silencers Hires Customer Service Manager

February 15, 2024 SGB Update

The company hired Dallin Hanchett as customer service manager working from the new Dead Air Silencers headquarters in Heber City, UT.

Report: Demand for Camping Still Increasing; Supply Catching Up

February 15, 2024 SGB Update

The Dyrt, the app for camping availability, photos and reviews, released its 2024 Camping Report presented by Toyota Tacoma, identifying the trends and patterns shaping the future of camping.

Yeti Drinkware Surpasses $1 Billion in 2023; Cooler Recall Nets Margin Gain for Year

February 15, 2024 SGB Update

The net impact of recall reserves associated with the stop sale of certain soft coolers included in the recalls initiated in Q1 2023 had a 480 basis point impact on the increase in gross margin compared to the prior-year quarter.

Garmin Changes the Game for Live Sonar Deep-Sea Fishing

February 15, 2024 SGB Today

“Anglers have never seen live sonar images at depths like this or at this speed—truly a game-changer for deep-sea sportfishing.” —Dan Bartel, Vice President, Global Consumer Sales, Garmin

EXEC: Champion’s Q4 Sales Fall 30 Percent in U.S.; Restructuring Hits Profits

February 15, 2024 SGB Executive

Global Champion brand sales decreased 23 percent year-over-year on a reported basis, and 24 percent on a constant-currency basis in the fourth quarter.

Arvin Goods Sock Collection Leads Change in Sustainable Production

February 15, 2024 SGB Today

The latest launch features crew socks made from 79 percent recycled materials, including 43 percent recycled polyester and 36 percent Recover recycled cotton fiber, saves up to 18 gallons of water per pair compared to a pair made with conventional cotton.

EXEC: Sportchek, Mark’s and Helly Hansen all Down in Q4; Only Helly Up for Year

February 15, 2024 SGB Executive

Canadian Tire’s SportChek segment, which includes the SportChek, Sports Experts, Atmosphere, Pro Hockey Life, Sports Rousseau, and Hockey Experts retail brands, saw comparable sales in the fourth quarter decline 6.4 percent.

Tennis Industry Association Rebrands as Racquet Industry Research Group

February 14, 2024 SGB Update

TIA rebranded to the Racquet Industry Research Group, noting, “It’s more than just a name change; this evolution signifies a broader mission to provide research and data to the entire racquet sports community.”

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