“If you build it, they will come” certainly applies to the sport of pickleball, according to a new study from the Sports & Fitness Industry Association (SFIA) and Pickleheads, a website that helps players find and schedule pickleball games. The study concluded that pickleball’s unprecedented growth would require a $900 million investment to build the 25,000 courts in the U.S. necessary to support continued participation gains.
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
EXEC: Leatherman Tool Group’s CEO Talks 40 Years of Multi-Purpose Innovation
Ben Rivera joined Leatherman Tool Group after college graduation in 1983. He was appointed CEO in 2018. Rivera talked with SGB Executive about the company’s expansion across the multi-tool category, the reasons for its longevity and building a corporate culture of innovation.
Vista Outdoor’s Sporting Products Business To Be Rebranded as The Kinetic Group
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EXEC: Yeti CEO Talks Return to Double-Digit Growth in Fourth Quarter
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EXEC: Nautilus Sees Direct Business Improving on Momentum in Strength Products
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EXEC: Allbirds Shares Pop As Transformation Efforts Gain Traction
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EXEC: Under Armour Reduces North America Guidance on Wholesale Softness
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EXEC: Black Diamond Sales Thwarted By Weak Open-To-Buy Orders
Black Diamond’s sales fell 23.7 percent in the second quarter due to a combination of lower consumer demand and continued lower open-to-buys as its primary North American wholesale partners work down inventory levels, according to its parent Clarus Corp. Company officials see improvement but do not expect marketplace inventories to rebalance until year-end.
EXEC: Analysts Gaining Confidence in Adidas’ Turnaround
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EXEC: Titleist Parent Sees Continued Benefit from Golf’s Pandemic Boost
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EXEC: Johnson Outdoors Battles Post-Pandemic Slowdown
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EXEC: Adidas Sees North America Struggles Continue
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On Columbia Sportswear’s Q2 analyst call, Tim Boyle, chairman, president and CEO, said softer sell-through trends in the U.S. due to “cautious consumer behavior” and elevated inventory levels, particularly in footwear, caused the company to slash its guidance for the year.