Swag Golf, a golf accessory, equipment and apparel company based in Northbrook, Il, closed a $10 million growth round led by Verance Capital, a New York-based growth investment firm focused on sports and entertainment.
Category: Sports/Fitness
EXEC: JLL Holiday Survey Sees Experiences Weighing on Traditional Gift Spend
In the JLL 2023 Holiday Shopping Survey Report consumers are poised to increase spending on entertainment and experiences during the holiday season but at the expense of the amount they would have spent on gift giving. The survey found spending on physical goods to decline 13.8 percent.
Gunpowder, Inc. Adds Three Hires in Strategic Move
The company noted that the hire of Josh Ward, Michelle Gandola and Alex Gaziano in the third quarter of 2023, reflected the Wisconsin-based agency’s “commitment to strengthening its public relations and digital marketing capabilities.”
Nordstrom Plans Another Texas Rack Store
With the addition of this new location, two stores opening this fall in Denton and Allen, and the recently-opened location in San Antonio, Nordstrom will operate 22 Nordstrom Rack stores and eight Nordstrom stores in Texas.
Le Coq Sportif Posts Wider H1 Loss on Weaker Footwear Sales
Growth in the brand’s apparel and accessories businesses wwas offset by declines in footwear for the six-month period ended June 30.
Academy Sports + Outdoors Opens Second VA Store
The 77,000-square-foot space in Fredericksburg, VA marks the sixth store Academy has opened in 2023 on its was to its goal of opening 120 to 140 new stores by the end of 2027.
Wahoo Fitness to Close RGT Cycling Virtual Cycling App
Wahoo Fitness announced plans to close its virtual cycling app RGT, the company acquired in April 2022, to focus on its “structured training content.”
Fanatics Inks CLC Deal to Sell Licensed U.S. College Gear Worldwide
The company signed a long-term agreement with U.S. collegiate licensing company CLC to sell licensed fan gear from U.S. colleges to international college sports enthusiasts through its online sites.
Future Motion Recalls Electric Skateboards After Four Deaths
Future Motion, Inc., the manufacturer of Onewheel electric skateboards, issued a recall of 300,000 skateboards in tandem with the U.S. Consumer Product Safety Commission (CPSC) after a series of accidents and four reported deaths.
Freemotion Fitness Appoints VP Sales for North America
Freemotion Fitness, the commercial equipment arm of iFIT, appointed Adam Guier as vice president of sales for North America.
Under Armour to Open First Store in Northern Ireland
Under Armour is opening its first store in Northern Ireland in November with a 2,600-square-foot location at The Boulevard in Banbridge.
Pas Normal Studios Adding Singapore and Munich Flagship Stores
Danish cycling apparel powerhouse added a store in San Francisco this past spring and another store opening recently took place in the heart of Munich, while a new flagship store opened in Singapore over the weekend.
EXEC: Wall Street Lukewarm on Nike’s Fiscal Q1 Results
Nike’s shares rose 6.7 percent on Friday after the company reported earnings in the fiscal first quarter ended August 31 handily topped expectations on stronger-than-expected margins, but many analysts were non-plussed, remaining concerned about sluggish growth trends, particularly in the North American wholesale channel.
Sportime Clubs and Financial Partner to Launch Pickleball Clubs
Sportime Clubs and Hornig Capital Partners signed a partnership agreement to establish a new company, Sportime Pickleball, LLC, that will develop and operate standalone, pickleball facilities in the tri-state area under the Sportime brand.
Topgolf Opening First New England Location in Rhode Island
Topgolf Rhode Island, located in the city of Cranston, roughly five miles from downtown Providence, will be Topgolf’s first venue in New England and marks its 81st outdoor venue in the U.S. and 91st globally.
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