After a mixed 2023, sporting goods companies continue to face macroeconomic headwinds, winner-takes-all competition, and rising levels of physical inactivity around the world. Still, many executives say they are more optimistic than at any time over the past few years.
Category: Sports/Fitness
Tom Brady’s TB12 Nutrition Brand to Merge with Nobull
Nobull was purchased in 2023 by beverage veteran Mike Repole. The deal includes footwear, apparel and nutrition products previously housed under the TB12 and Brady brands. Brady becomes the second largest shareholder.
Gordon Brothers Will Sell Zulily Inventory & Fulfillment Center Assets
The company has been engaged to sell by private treaty over $85 million of inventory and the assets of two 775,000-square-foot fulfillment centers on behalf of Zulily ABC LLC.
Walmart Will Conduct 3:1 Stock Split
Shares to be issued in the stock split will be payable after market close on February 23, for shareholders of record at the close of business on February 22. Shareholders will receive a distribution of two additional shares of common stock for each share held.
Nordstrom Plans Two New Rack Locations in North Carolina
The new stores will be located in Raleigh and Matthews. The 32,000-square-foot Raleigh store will be located in Triangle Town Place open in fall 2024, while the 25,000-square-foot Matthews store outside Charlotte is expected to open in spring 2025.
EY Survey: CEOs are Displaying Newfound Resilience and Confidence
Global CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey.
IHRSA Hires Industry Veteran to Develop Education and Events
Katie Philipp joins the health & fitness trade association after almost two decades working in the wellness industry in various roles.
Triple Eight Distribution Acquires Certain Pro-Tec Brand Assets
The combination of Pro-Tec to its existing brand portfolio, including Triple Eight, 187 Killer Pads, Eightball, Wipeout, and 80six, enables Triple Eight to deliver a broader breadth and depth of protective gear to the global action sports market.
Pacific Cycle Recalls Ascend Cabrillo and Minaret E-Bikes
Following reports of the electric bikes’ lithium-ion batteries overheating while charging, Pacific Cycle recalled the Ascend Cabrillo and Minaret electric bikes.
Quintana Roo debuts V-PRi Flagship Triathlon Bike
The model includes Quintana Roo’s first integrated cockpit, internal hydration and nutrition storage, exhibits weight savings, and a high level of packability for traveling triathletes.
The Ironman Group Appoints New CEO as Andrew Messick Departs Role
Scott DeRue joins the company as CEO from Equinox where he was president. DeRue will also join The Ironman Group’s Board of Directors. He succeeds Andrew Messick who announced his retirement after 12 years as CEO, but will remain on the Board.
Report: National Golf Rounds Played End 2023 Up 4.2 Percent
Golf Datatech, which agreed to be acquired by Circana, reported that National Rounds Played for 2023 were up 4.2 percent, with the most significant increase coming out of the Mid-Atlantic region covering New York, Pennsylvania and New Jersey.
WaterRower Acquires CityRow in Rowing Equipment and Content Tie-up
The acquisition complements WaterRower’s almost 40 years of rowing manufacturing, global distribution and Nohrd brand of strength and performance products.
Beyond Yoga Sees Sales Growth Moderate in Fiscal Q4
Sales were up 14 percent for the fourth quarter and =19 percent for the full year, achieving revenues of over $115 million.
S’Well Launches Latest Hydration Product with Explorer Bottle
S’well’s latest product, the Explorer Bottle, uses the same technology as the brand’s original bottles and tumblers but with a new shape for increased functionality when hydrating on the go.
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