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Category: Sports/Fitness

Health & Fitness Association Appoints Asia Chief

June 10, 2024 SGB Update

The Health & Fitness Association (formerly IHRSA) hired Singapore-based attorney and international industry advocate Sean Tan as the group’s senior representative in Asia.

CNBC/NRF: Retail Sales Jump in May After Slow April

June 10, 2024 SGB Update

May’s year-over-year gains align with what was seen earlier in the year, and the month-over-month increases are the largest in over a year.

Monthly Import Cargo To Hit Highest Level Since 2022

June 10, 2024 SGB Update

Retailers, however, are also facing supply chain challenges with congestion at overseas ports that are affecting operations and shipping rates.

Rally House Opens Third Wisconsin Store, Second in Louisiana, First in Colorado

June 10, 2024 SGB Update

Rally House’s third store in Wisconsin is now open, Rally House Brookfield Square. The retailer also broadened its market reach in Louisiana with its second store in the state, Rally House Tanger Gonzales. Rally House Castle Rock in Colorado pushes the company past a milestone, as they are now in 20 states nationwide.

Franklin Sports Introduces the FS Tour Featherweight Pickleball Paddle

June 10, 2024 SGB Today

The FS Tour Featherweight Paddle “creates the desired ‘pop’ while providing prime hand speed and power on the court.” —Adam Franklin, President, Franklin Sports

Marucci and Victus Named as Exclusive Official Bats of MLB for 2025

June 7, 2024 SGB Today

The company said the agreement with the MLB exemplifies the leadership position of Marucci and Victus brands as the “premier bat choices worldwide,” as they are the top two most-used bats among MLB players and have long been part of the MLB landscape.

PXG Debuts Premium Line of Golf Sunglasses

June 7, 2024 SGB Today

PXG expands its golf clubs and apparel line to include a limited-run release of two golf sunglass styles.

Nike Deepens Commitment to Champion Women’s Sports

June 7, 2024 SGB Today

Nike’s Athlete Think Tank, now in its third year, has expanded adding ten women athletes and four elite women coaches to the collective.

Academy Sports and Outdoors Expands Board of Directors with New Appointment

June 7, 2024 SGB Update

The company has appointed Scott Boatwright to its Board of Directors, effective immediately. With this addition, Academy’s Board now comprises 11 directors.

New Era Cap, LLC and ’47 Brand Combine to Create $2 Billion Entity

June 6, 2024 SGB Update

Following the close of the transaction, the New Era and ’47 brands will continue to serve consumers independently from each company’s respective headquarters in Buffalo, NY, and Westwood, MA, with ’47 led by Dominic Farrell.

Tilly’s Inc. Posts Wider Q1 Net Loss as Comps Fall Nearly 10 Percent

June 6, 2024 SGB Update

Net sales from physical stores were $92.8 million, a decrease of 5.1 percent year-over-year, while net sales from e-commerce were $23.0 million, a decrease 10.8 percent year-over-year.

F45 Training and David Beckham Resolve Past Business Dispute

June 6, 2024 SGB Update

The company has reached an agreement resolving a prior lawsuit brought by DB Ventures Limited, which concerned an ambassadorial deal with David Beckham. The lawsuit will be dismissed, and DB Ventures Limited will reportedly remain an investor in F45 Training.

Game-Set-Match to Open Second Tennis + Pickleball Store in Vegas

June 6, 2024 SGB Update

Plans for the new store include a soft opening in the Fall of 2024, pending store construction timing, with a full-scale grand opening in the Spring of 2025. The new store will be located at 2273 N. Green Valley Parkway, in Henderson, NV.

Cinelli Appoints New Australian Distributor

June 6, 2024 SGB Update

Cinelli inked a new partnership with La Dolce Velo, appointing the company as the exclusive distributor of Cinelli bikes, frames, components, apparel, and accessories in Australia.

Lands’ End Sees 2023 Momentum Continuing into Q1 as GMV Rises

June 6, 2024 SGB Update

Net revenue decreased 7.8 percent for the first quarter to $285.5 million. Global eCommerce Net revenue was $195.5 million, a decrease of 3.7 percent year-over-year. Gross Merchandise Value (GMV) increased by low single digits compared to the first quarter of 2023.

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