Golf Datatech LLC's National Golf Performance Report showed that golf rounds soared 13.9 percent and equipment sales increased 10.1 percent in 2020 over 2019. The data-tracking organization said the surge in rounds and retail sales are primarily a result of golf being positioned as a near-ideal socially distanced activity during a pandemic. (Read More)
Academy Sports and Outdoors Inc. announced that certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., intend to offer for sale in an underwritten secondary offering 12 million shares of common stock of Academy Sports. (Read More)
TuffStuff Fitness International Inc. secured another victory before the U.S. Court of Appeals for the Federal Circuit in its long-running patent dispute with competitor Hoist Fitness Systems, Inc. The lawsuit concerned TuffStuff’s line of patented Selectorized Bio-Arc exercise machines. (Read More)
Golf rounds played jumped 37.3 percent for the month of December and grew 13.9 percent in total for 2020, according to Golf Datatech. The biggest regional gains were seen in New England, West North Central and Mid-Atlantic. (Read More)
Feetures announced executive changes as part of succession planning. The changes include national sales manager for footwear specialty retailers, Steve Hallinan, becoming key accounts manager, John Gaither becoming chief operations officer and Joe Gaither, executive vice president. (Read More)
PeopleForBikes announced the addition of Ravi Rajcoomar as its vice president of the organization’s business network. Rajcoomar will serve on the trade association’s senior leadership team and guide the organization in creating an environment where cycling and the bike business grow. (Read More)
Planet Fitness franchisee, National Fitness Partners (NFP), announced the acquisition of 16 Planet Fitness clubs, including 15 locations in the Cleveland and Akron-Canton, OH markets and one location in central Pennsylvania from two different sellers. (Read More)
TightSpot Quiver announced its new partnership with BuckVentures, a resource for hunting entertainment and education. (Read More)
Corlex Capital, a minority-owned private equity and consulting firm, announced the closing of a senior secured credit facility to refinance and provide growth capital for Bandon Holdings, the largest franchisee of Anytime Fitness. (Read More)
Mindbody announced the launch of Mindbody Flex, its first membership offer that includes virtual access to more than 350 studios. (Read More)
