U.S. consumer confidence unexpectedly declined in June, underscoring anxiety about the potential impacts on the economy and job market from higher U.S. import duties. The Conference Board’s gauge of confidence decreased 5.4 points to 93.
Category: Sports/Fitness
Pro Athlete Community, Inc. Secures $7.6 Million Series A Funding
The Series A funding, which was led by GSV Ventures, will fuel the launch of new virtual education programs, expanded mentorship, greater industry access, and enhanced career support—all centered on the unique needs of professional athletes.
Garmin’s Gradient Simulator Raises Bar on Indoor Cycling
Featuring a design that accommodates the motion of Tacx Neo 2T and 3M smart trainers, Tacx Alpine builds upon the immersive ride experience by mimicking grades from up to 25 percent to -10 percent and enabling steering, creating a more realistic ride for a fully immersive experience.
CCM Hockey Receives Investment from Minority Stakeholders
Global hockey brand CCM has been at the forefront of hockey since 1899. Seven7, LLC, the Stamford, CN-based investment firm, has co-invested with Nordic private equity firm Altor in the previously announced acquisition of CCM.
Win Reality Acquires Blast Motion to Build Next-Gen Athlete Development Network
The merger will combine Win Reality’s VR training and video-based AI swing analysis with Blast Motion’s patented motion sensor and biomechanics platform to help athletes improve more quickly by unifying game-speed reps, swing feedback and real-time performance insights.
Amazon Expands Same-Store Day Delivery to More Rural Markets
The rural push comes as Amazon’s delivery speed hit record levels in 2023 and 2024, and the number of items Amazon delivered the same or the next day in the U.S. increased over 30 percent so far this year compared to the same period last year.
PGA Tour Superstore Owner Grants $10M to Non-Profit The First Tee
Arthur Blank, owner and chairman of the Blank Family of Businesses and the Arthur M. Blank Family Foundation, joined First Tee as a National Trustee in 2011. Since then, support from Blank’s PGA Tour Superstore and the family’s foundation has helped fuel the growth of First Tee’s programs.
Life Time Closes on $150 Million Sale-Leaseback Transaction
The company has closed on its sale-leaseback transaction of three properties for approximately $150 million in gross proceeds. Terms were reportedly similar to previous transactions.
Report: Dick’s SG Seeking Orland Park Financial Support for New House of Sports Project
The sporting goods retailer is looking to convert a 200,000-square-foot former Sears anchor space at the Orland Square shopping center, in a Chicago suburb, which has been empty since 2018.
EXEC: Wall Street Remains Skeptical of Any Nike Recovery in Fiscal Q4
Analysts expect Nike, Inc. will meet or exceed conservative guidance when it reports earnings for the fiscal fourth quarter ended May 31 on Thursday evening, June 24; however, results will again be well below year-ago levels.
Life Time Inks Lease Agreement for Urban Country Club at 10 Bryant in NYC
The planned four-floor 52,000-square-foot Life Time athletic club will be housed within the 30-story tower located directly across from Bryant Park and the New York Public Library.
Eastside Golf Expands Into Australia and New Zealand with New Distribution Deal
The brand’s regional debut includes a soft launch of its Core collection. TheFall 2025 collection will be its first full seasonal prebook in the market, supported by a curated group of golf, streetwear and lifestyle retailers.
JD Sports Opens First Canadian Flagship
The Robson Street store is JD’s first exterior street-front location in Canada and features the largest LED display in JD’s Canadian footprint, a DJ booth, and shop-in-shops for Nike, New Balance and Adidas brands.
Dick’s SG Sees Strong Response to Foot Locker Debt Exchange Offer
The retailer reported that 92.5 percent of Foot Locker’s note holders have agreed to exchange their debt for Dick’s notes as part of an early tender offer. The debt swap supports the retailer’s acquisition of Foot Locker.
Belgian Cycling Factory Retains New International Distributors
The owner of bike brands Ridley, Eddy Merckx, Nukeproof, and Aeres, signed with several new distribution partners across Europe, the Middle East, the Americas, and Asia.
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