Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, according to recent comments from National Retail Federation (NRF) Chief Economist Jack Kleinhenz.
Category: Sports/Fitness
Freaks of Nature Co-Founder Kelly Slater Launches First Products
Surfing legend and ocean conservationist, Kelly Slater, launched a new skincare brand, Freaks of Nature for the outdoor athlete. Other investors include Mike Meldman, co-founder of Casamigos Tequila and Founder of Discovery Land, and actor and filmmaker Jonah Hill.
Titleist Drives Double-Digit Q1 Growth in U.S. Market for Parent Company
The U.S. market set the pace for the quarter with a 13 percent increase in sales year-over-year. Net sales in regions outside the U.S. decreased 8.5 percent (-6.5 percent CC), due primarily to lower sales in Korea, EMEA and Japan.
Nordstrom, Inc. to Open New Rack Location in Minnesota
The new 30,000-square-foot Nordstrom Rack store will be in Apple Valley, MN, and it is scheduled to open in spring 2025 in the Fischer Marketplace.
Xponential Fitness Narrows Q1 Loss as Revenues Grow in the Low Teens
The company reportedly increased first quarter North America system-wide sales 25 percent to $401.1 million with North America same-store sales growth of 9 percent, cycling growth of 19 percent in the year-ago Q1 period.
LIV Golf Appoints Chief Marketing Officer
Adam Harter is expected to lead all marketing activities, including developing the league and team brands, growing the size and engagement of its global fan base, delivering unique and dynamic marketing initiatives for the company and its International Series.
Kent Outdoors Hires Chief Supply Chain Officer
Dave D’Angelo brings over 25 years of experience in manufacturing, global operations and supply chain optimization to the company.
Superstroke Acquires Lamkin Golf Grips
In its efforts to help all golfers improve their swings, the company offers putter grips with new shapes, sizes, materials, and technologies. Most recently, the company purchased 100-year-old company, Lamkin Grips.
Report: Golf Apparel Sales in Specialty Market Fall in Mid-Teens in Q1
The green grass sub-channel, which accounts for the bulk of golf apparel sales, is almost 19 percent down for the first quarter, while off-course specialty stores fell by 6 percent.
Science of the Swing: Golftec Optimotion Technology used by CBS Sports
CBS Sports is using Golftec’s OptiMotion motion-capturing technology on its 2024 golf broadcasts to analyze and provide insights into the swings of some of the best players in the game.
Report: Nordstrom Sees Interest from Sycamore Partners in Take Private Effort
Nordstrom, Inc., in its efforts to take the company private, reportedly received interest from buyout equity firm Sycamore Partners, according to early reporting from Reuters, citing “people familiar with the matter.”
Brooks Running Posts Record First Quarter as Global E-Comm Jumps 22 Percent
In Q1, the brand launched six new footwear styles contributing to 10 percent growth in footwear sales year-over-year in what the company said would be a record year for product introductions.
Fox Factory Posts Q1 Loss as Sales Fall in Mid-Teens, Bike Sales Post $65M Decline
Net loss in the first quarter of fiscal 2024 was $3.5 million, compared to net income and net income margin of $41.8 million and 10.4 percent, respectively, in the first quarter of the prior fiscal year.
Lee Launches Men’s Golf Collection
The technology-infused curated assortment includes tops and bottoms that are made to transition from the office to the green.
EXEC: JD Sports Fashion to See Company Board Shift at Annual Meeting
Mahbobeh Sabetnia, a non-executive director and member of the Remuneration Committee, has decided not to stand for re-election at the company’s Annual General Meeting on June 27.
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