The company will make a multi-million dollar investment in refreshing its clubs with new equipment, remodeling facilities and collaborating with local artist, Chris DeLorenzo, to create murals for its clubs across the Bay Area.
Category: Sports/Fitness
NRF Monthly Import Cargo To Reach 2 Million TEU Through Early Fall
“We haven’t seen numbers this high for this many months in almost two years.” —NRF Vice President Jonathan Gold
Candace Parker Appointed President of Adidas Women’s Basketball
Parker steps into the role following her retirement from the WNBA and marking a sixteen-year partnership with Adidas during her pro basketball career.
Mission Appoints CEO and CFO
Jocelyn Thornton, who formerly led Dearfoams, was hired as CEO and Deborah Klemm as its new chief financial officer.
Report: U.S. Sports Participation Increased Across Most Categories in 2023
Pickleball continues to grow in popularity, with the highest percentage increase year-over-year for the fourth consecutive year. Pickleball was up 54 percent in 2023 vs 2022.
Simon Property Group Sells Stake in Authentic Brands Group
Simon Property Group reported it sold the remaining 10 percent stake in brand management firm Authentic Brands Group for $1.2 billion.
Wolverine Worldwide Business Continues to Shrink in Q1 While Turnaround Progresses
Revenue for the ongoing business fell nearly 25 percent in Q1, The parent of the Merrell, Saucony, Wolverine and Sweaty Betty brands said it is beginning to see proof points emerge as early validation of its strategy and execution on its turnaround and transformation plan.
SRAM’s Debt Ratings Affirmed by Moody’s
Moody’s affirmed SRAM’s B1 corporate family rating, probability of default rating, and the B1 rating on its senior secured first lien credit facility. It also gave the Chicago-based bike component manufacturer a stable outlook.
JD Sports Opens First Store in the Middle East
The occasion follows the franchise agreement with GMG, announced in July 2023, and a testament to the brand’s global reach and appeal.
Wolverine Worldwide Names New CFO
Taryn Miller was appointed as the company’s chief financial officer. She will succeed Michael D. Stornant, who is retiring after nearly 30 years with the company.
Puma Returns To Growth In The Americas In Q1
Puma’s sales in the Americas region showed positive sales growth in the first quarter on a currency-neutral basis for the first time in four quarters but reported sales and earnings declined due to unfavorable currency effects and challenging year-ago comparisons. The results were in line with company expectations, and full-year guidance was maintained.
GoPro Q1 Loss Expands as DTC Web Sales Tank and Retail Surges 33 Percent
Revenue from the retail channel was up 33 percent year-over-year, while GoPro.com revenue, including subscription and service revenue, was down 48 percent year-over-year.
Report: Down 98 Percent, Peloton May be Attractive at the Right Price
PTON shares surged in the mid-teens on Tuesday, May 7, after CNBC reported early that several private equity firms had considered a buyout of the connected fitness company.
Life Time and Lululemon Announce New Apparel Partnership
Lululemon becomes an official apparel partner of Life Time Tennis and Pickleball.
Celsius Holdings Reports Record Q1 Revenue and Gross Profits
Celsius reported its best first quarter ever driving record revenue and contributing 47 percent of the quarterly year-over-year growth in the energy drink category.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal