The Association of Golf Merchandisers (AGM) announced the 2024 AGM Platinum Awards winners, recognizing the Top 100 golf shops.
Category: Sports/Fitness
Costco’s Q1 Profits Top Targets
Costco reported earnings rose 16.5 percent in its fiscal first quarter ended November 26 as same-store sales rose 3.8 percent, including a 2.0 percent gain in the U.S. Earnings topped analyst expectations.
HanesBrands Appoints Former Walmart U.S. CEO as Chairman
HanesBrands announced that its Board of Directors had appointed William Simon as chairman of the board, effective December 31. His appointment follows Ronald Nelson’s decision to retire as chairman and a member of the Board at the end of the year.
November Sales Show Small Gain, Tops Expectations
The Commerce Department reported that retail sales rose 0.3 percent in November over the prior month, stronger than the 0.2 percent decline in October and better than the Dow Jones estimate for a decrease of 0.1 percent.
Nordstrom Rack to Open in Noblesville, IN in Fall 2024
The 25,000-square-foot store, located in Hamilton Town Center, which includes Ulta, Ross, Dick’s Sporting Goods, and Total Wine, is owned and managed by Simon Property Group.
TeamSnap Acquires Mojo Sports
TeamSnap, the provider of sports management software and the online community for youth sports, acquired MOJO Sports, a youth sports media platform that offers instruction resources, sports team management tools, live video streaming, and multimedia content sharing.
Peloton Hires Chief Marketing Officer
Peloton reported it appointed Lauren Weinberg as chief marketing officer, replacing Leslie Berland, who left the company to join Verizon Communications, Inc. in the same role.
Survey: 142 Million Shoppers Expected for Super Saturday
According to the National Retail Federation, the number of expected shoppers is up significantly from the last time Super Saturday fell on December 23, when 126 million consumers were expected to shop on that day in 2017.
Major Lutie Rebrands as Major Fitness
Major Lutie, a home training and fitness equipment manufacturer founded in 2021, was rebranded as Major Fitness with a new tagline, “For Your Stronger Tomorrow.”
Lucyd Eyewear signs NFL Defensive End as Ambassador
Innovative Eyewear, Inc., the manufacturer of ChatGPT smart eyewear under the Lucyd, Nautica, Eddie Bauer, and Reebok brands, signed Emmanuel Ogbah as brand ambassador. Ogbah plays for the NFL as a defensive end for the Miami Dolphins.
Equinox Appoints Health Advisory Board
The Health Advisory Board includes top medical and wellness experts, academic professionals, and industry leaders who “provide insights and guidance that continue to inform Equinox’s holistic approach to a high-performance lifestyle.”
EoS Fitness opens Two Gyms in Texas
The new gyms reportedly bring 90,000-plus square feet of fitness space to Texas, keeping EoS on track to open 50 new gyms in the Greater Houston Area and DFW Metroplex.
Outerstuff’s Debt Ratings Lowered on Default Risk
S&P Global Ratings reduced the debt ratings on youth licensed sports apparel maker Outerstuff LLC as a missed payment on its term loan is expected to constitute a default. The rating agency noted that Outerstuff received an extension of the maturity of its term loan that is expected to provide “some liquidity relief.”
3Step Sports Acquires EDP Soccer
3Step Sports acquired EDP Soccer, reporting that the merger will make the company the “largest owner-operator of youth soccer leagues in the United States.” EDP Soccer also owns International Sporting Events and New York Club Soccer.
La Sportiva Releases New Skis and Alpine Touring Boots for 2024
La Sportiva is releasing four new ski models for 2024—Capo, Tempo, Sorriso, and Salto, and two new lightweight alpine touring boots, Kilo and Stratos Hybrid.
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