The organizing committee for the Los Angeles Games reported it will propose adding flag football, lacrosse, squash, and cricket to the Olympic program for 2028. The organizing committee is also aiming to bring baseball and softball back.
Category: Sports/Fitness
EXEC: Giant Group Sales Fall in Third Quarter
Consolidated revenue for the third quarter declined 24.5 percent year-over-year as sales in each month of the quarter declined more than 20 percent. Still, the decrease in September was a a sequential improvement versus sharper declines in July and August.
Dick’s SG To Open House of Sports in Miami
Dick’s Sporting Goods reported that the company submitted plans with Miami-Dade County to open a House of Sports in Miami in a space formerly occupied by a Nordstrom store in the Dadeland Mall.
Running USA’s COO Departs
Running USA’s Board of Directors announced that Christine Bowen, chief operating officer and VP for the past 14 years, stepped down from her role, effective September 30.
EXEC: Anta Sports Sees Fila Q3 Retail Trend Lagging First Half Gain
The company, which runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and Amer Sports, reported that Fila brand retail sales posted low-teens positive growth in the third quarter, down from the mid-teens growth from the first half.
Har-Tru Acquires Armor Crack Repair
Har-Tru, LLC, a specialist in court construction and surfacing solutions based in Troy, VA, has acquired Armor Crack Repair, which specializes in court crack repair and maintenance.
Moody’s Affirms PureGym’s Debt Ratings Following Refinancing
Moody’s Investors Service affirmed the debt ratings of PureGym following the London-based budget fitness chain refinancing. Moody’s said the refinancing removed debt maturity risks and marginally improved PureGym’s debt leverage.
Dryvebox Signs First Franchised Partner
Dryvebox, which offers a mobile golf simulator experience, awarded its first franchise partner in Florida and opened up franchising opportunities in California.
Consumer Prices Rose More Than Forecast in September; Apparel CPI Declines
One bright spot for consumers was in the month-over-month CPI for Apparel, which declined 0.8 percent from August, most likely owing to the de-stocking and promotional environment at retail.
September Footwear Production Falls at Yue Yuen While China Retail Grows
Yue Yuen’s manufacturing segment revenue dipped 28.7 percent in September, the fourth consecutive month of declines. Sales in the Pou Sheng retail segment rose 9.2 percent.
Authentic Brands Group Taps Shaq to Run Reebok Basketball
Reebok appointed Shaquille O’Neal as president of Reebok Basketball with Allen Iverson serving as vice president of the division. Both NBA legends have longstanding relationships with Reebok and its parent company, Authentic Brands Group.
EXEC: Volumental’s Brent Hollowell Talks Fit for Feet
Volumental, the Swedish footwear fit tech company, recently hired industry veteran Brent Hollowell as general manager for its North American operations, responsible for accelerating growth in the region. Hollowell talked with SGB Executive about his role, Volumental’s push into North America, the barriers to fit tech, and the potential of generative AI in the fit process.
Barre3 Acquires The Barre Code
Barre3, the barre fitness company based in Portland, OR, acquired fellow studio operator, The Barre Code. With the acquisition, Barre3 said it has 185 studios nationwide and a digital platform with subscribers in more than 100 countries.
EXEC: Sports Direct Parent Expands Stake in Norwegian Retailer
Shares of XXL, the struggling Oslo-listed sports retailer, are reportedly surging after the company reported that Frasers Group, the UK-based parent of Sports Direct, purchased 117.4 million shares of the company, bringing its total holding to 162.1 million.
EXEC: BRC Sees Weaker UK Retail Growth in September as Non-Food Sales Decline
The British Retail Consortium reported that total UK retail sales were 2.7 percent in September, against a growth of 2.2 percent in September 2022, supported by a 9.5 percent inflation rate.
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