The recall affects certain 11-Speed Bonded Hollowtech II Road Cranksets as they could separate and break, posing a crash hazard to consumers.
Category: Sports/Fitness
AGM Names Director of Membership & Education
The Association of Golf Merchandisers appointed Justine Gray as director of membership and education.
JD Sports Posts Double-Digit H1 Growth in N.A. with DTLR, Finish Line, JD and Shoe Palace
U.K.-based JD Sports Fashion reported total revenue of £4.78 billion ($5.91 billion) for the first half of its fiscal year ended July 29, up 8.3 percent year-over-year. JD said organic growth in its North America business was up 15 percent with the three largest segments—Finish Line/JD, DTLR and Shoe Palace—delivering between 13 percent and 17 percent organic sales growth.
PickUp USA Fitness Opens First Gym Location in Montana, Expands in SoCal
The new PickUp USA in Montana City is a franchised location owned by local residents Tyrone and Ashley Lucas. A new franchise location in San Bernardino, CA is owned by local resident Jano Mazmanian.
Nordstrom Sets Plans for More Rack Locations in Ohio
With the addition of this new location in Mason, OH and a location opening in Macedonia, OH in spring 2024, Nordstrom will operate eight Nordstrom Rack stores and three Nordstrom stores in Ohio. The store is scheduled to open in fall 2024.
Adidas Opens New Fully Automated Distribution Center in China
The fully automated warehousing and distribution center in Suzhou, China, covering an area of 139,000 square meters, is said to “set a new industry standard with its high degree of speed and flexibility in warehousing logistics.”
LA Fitness Co-founder Louis Welch Passes Away
Fitness International, LLC, the parent company of LA Fitness, announces that its co-founder, president, and co-CEO, Louis Welch, passed away after a two-year battle with cancer.
EXEC: Nike Retains Top Spot as Most Valuable Global Apparel Brand
Nike ranked as the world’s most valuable apparel brand for the ninth consecutive year, according to Brand Finance’s 2023 Annual Apparel 50 Report. Other brands in the active lifestyle space that made the Top 50 included Adidas, at #5; Lululemon, #16; Puma, #19; Anta, #26; Under Armour, #27; The North Face, #28; Moncler, #29; Skechers, #32; Fila, #34; Li Ning, #42; and New Balance, #50.
Spartan Race Acquires OCR World Championships
Spartan Race, the obstacle course racing (OCR) organization, announced the acquisition of the Obstacle Course Racing World Championships (OCRWC).
Report: Wearables Bounce Back with 8.5 Percent Growth in Second Quarter
Global shipments for wearable devices returned to growth in the second quarter of 2023 reversing two quarters of decline, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
Garmin Completes Acquisition of JL Audio
Garmin, Ltd. completed the acquisition of JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home, and RV customers.
Mastercard: U.S. Holiday Retail Sales Expected to Grow 3.7 Percent
Mastercard SpendingPulse said sales are expected to rise 6.7 percent online and 2.9 in-store for the period November 1 through December 24, with the biggest gain iexpected to come in electronics with a 6 percent increase.
Authentic Brands’ Debt Ratings Upgraded by Moody’s
Moody’s Investors Service upgraded the debt ratings of Authentic Brands Group to reflect the conglomerate’s “solid” operating performance, increasing scale benefits and improving debt leverage.
EXEC: HSBC is Bullish on Adidas, Lululemon and Puma; Still Holds on Nike
In a bullish report, HSBC said that despite tough conditions expected to continue in the U.S., sales growth and margins should improve for the global sporting goods sector following its “post-pandemic hangover.” Beneficiaries include Adidas, Lululemon and Puma, all rated “Buys” by HSBC while Nike remains at “Hold” due to its U.S. exposure.
HanesBrands Looking at Strategic Alternatives for Global Champion Business
The Board said it would consider a broad range of alternatives to maximize shareholder value, including, among others, a potential sale or other strategic transaction, including continuing to operate the business as part of HanesBrands.
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