Winmark Corp., the parent of Play It Again Sports, reported earnings improved 14.9 percent in the second quarter ended July 1.
Category: Sports/Fitness
Lezyne Inks Partnership with New Swiss Distributor
German bike accessories brand Lezyne has partnered with Swiss distributor Chris Sports AG, effective September 1, transferring responsibility from current partner TST-GPR.
U.S. Trade Activity Rebounds But Global Trend Continues to Weaken
Volume of new orders and invoices exchanged between U.S. buyers and their suppliers grew at 3 points above its expected range in Q2, recovering from a level 6 points below the baseline in the previous two quarters.
Topgolf Callaway Brands Hires New Investor Relations Manager
Topgolf Callaway Brands Corp. said Katina Metzidakis had joined the company as vice president of investor relations and corporate communications, reporting to CFO and chief legal officer Brian Lynch.
EXEC: Selkirk Sport Co-Founder Talks Capitalizing on Pickleball’s Fast Growth
Brothers Mike and Rob Barnes started Selkirk Sport in Hayden, ID, in 2014, believing that pickleball, once an obscure sport played by seniors and in physical education classes, was about to take off. Rob Barnes, co-founder and co-CEO, talked with SGB Executive about Selkirk’s and the sport of pickleball’s potential growth and its challenges.
EXEC: Giant Group Sales Inch Down in Q2 as June Decline Disappoints
Giant Group reported that consolidated revenue for the second quarter inched down 1.2 percent as sales in June fell in double-digits, erasing a strong start for the period.
EXEC: Anta Sports Sees Retail Sales Accelerate in Q2; Fila Up in High-Teens
Anta brand retail sales increased in high-single-digits in Q2, while Fila brand sales increased in the high teens. The All Other Brands segment posted 70 percent to 75 percent growth in the period.
Retail Sales Up Again in June Despite Slower Job Growth
The U.S. Census Bureau is reporting overall retail sales in June were up 0.2 percent from May and up 1.5 percent year-over-year (YoY). Sporting goods stores were down 1 percent MoM seasonally adjusted and down 0.9 percent unadjusted YoY.
Dutch E-Bike Maker VanMoof Declared Bankrupt
Dutch e-bike manufacturer VanMoof has been declared bankrupt in the Netherlands. The company had entered into a “suspension of payment” proceeding with court-assigned administrators last week to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale.
Pvolve Awards 19 New Franchise Studios
Pvolve awarded nine new franchise locations, bringing the total number awarded and open, or in development, to 19 across the U.S. and Canada.
Academy Is Opening Two More Stores In Central Texas In F23
Academy Sports and Outdoors, Inc. reported it will open two new stores in Central Texas this fall in Brenham and Kyle, respectively and is on track to open 13-to-15 stores in 2023, with the goal of opening 120-to-140 new stores by the end of 2027.
EXEC: Lululemon Lays Off 100 Employees at Mirror Business
Lululemon confirmed with SGB Media reports that it has laid off 100 employees from Lululemon Studio, which represents its Mirror connected fitness business. In mid-April, reports arrived that Lululemon was working with an advisor to explore the sale of Mirror.
Nation’s Capital Region Leads Fittest Cities in 2023
Arlington, VA and Washington, D.C., are ranked as the top two cities, respectively, in the 16th annual ACSM American Fitness Index rankings report published by the American College of Sports Medicine and the Elevance Health Foundation.
361 Degrees International Posts Low-Teens Retail Sales Growth in Q2
361 Degrees International Limited reported its retail sales (in terms of the retail value) of 361° core branded products for the second quarter of 2023 posted low-teens growth compared to the comparable period of 2022.
Drive Shack Opens Puttery Location in Minneapolis
Drive Shack, Inc. reported plans to open a Puttery location in Minneapolis, MN, on July 21, in the North Loop at 240 Hennepin Avenue.
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