Pickleball Kingdom will open its first member club in Roseville, CA, spanning approximately 32,900 square feet and featuring 11 professional-grade indoor courts. It is targeting an opening in Spring 2026. Franchisees Parminder and Komal Saini, and Megan Cohill will lead the groundbreaking and development.
Category: Sports/Fitness
Health and Fitness Association Hires Director, Strategic Partnerships
Winston Moore, Jr. joins the HFA from Booz Allen Hamilton, where he served as a senior consultant advising on strategic initiatives for public and private sector clients. He previously held policy and outreach positions at the U.S. Chamber of Commerce and the Hudson Institute.
Skechers Performance Drops SKX Full-Court Press Basketball Shoe
The low-top fuses style and function, with a wraparound TPU Versa Wing in the midsole, offering b-ball players stability when making hard cuts to create space. The outsole features Goodyear rubber in a herringbone pattern for multi-directional traction. Skechers lightweight Move Foam delivers comfort.
Garmin Hikes Outlook on Double-Digit Q2 Growth Across Segments
Garmin, Ltd. raised its full-year guidance after reporting second-quarter results that came in well ahead of expectations. Revenues jumped 20 percent in the quarter, led by gains of 41 percent in the Fitness segment. Outdoor segment revenues grew 11 percent while Marine sales climbed 10 percent.
EXEC: Adidas Confirms Outlook but Q2 Sales Miss Estimates
In euro terms, revenues grew 2 percent y/y to €5.95 billion. The company also noted that the strengthening of the euro against several currencies resulted in an unfavorable translation impact of ~ €300 million in the quarter.
Nike Streamlines Metcon Franchise for Cross-Training Benefits
“In designing the Metcon 10, we really streamlined the build and focused on going back to the foundation of what makes Metcon great, listening to the voices of athletes across all disciplines and intensities to create a shoe that reflects the way they train today.” —Erin Gleason, Product Line Manager, Nike Training
EXEC: GlobalData Sees Adidas Taking Further Share from Nike in 2025
In an update on the global apparel sector, GlobalData forecasts Adidas will “remain one of the biggest winners within the global apparel market in 2025,” taking market share from Nike. Other share gainers within the sportswear category, including apparel and footwear, are expected to be New Balance, Skechers and Shein.
Garmin Ltd. Acquires Dutch Sports Timing Company MyLaps
With operations in North America, Europe, Asia, and Australia, MyLaps supports elite brands and race management companies worldwide with data-driven tech solutions for running, cycling, motorsports, and equine competitions.
Big 5 Sporting Goods Widens Q2 Loss as Comps Drop 6 Percent
Big 5 Sporting Goods Corp., which in late June agreed to be acquired by a partnership comprised of Worldwide Golf and Capitol Hill Group, more than doubled its loss in the second quarter ended June 29 as same-store sales slid 6.1 percent.
EXEC: Decathlon to Double India Sourcing to $3 Billion by 2030
The French sporting goods company said that by the end of 2030, the retailer will source 15 percent of its goods from India, with the growth driven by “high-potential” categories such as footwear, fitness equipment and technical textiles.
The Picklr Expands Into Australia and New Zealand
The indoor pickleball franchise, is entering Australia and New Zealand with a plan to open 50 clubs across the region over the next several years, through a master franchise agreement with TPM Partners Pty Ltd.
Consumer Confidence Index Rises in July on More Positive Forward View
July’s modest gain in confidence was said to be driven by consumers over 35 years old and shared across all income groups except those earning the least (with household annual income below $15k).
Amer Sports’ Debt Upgraded by Moody’s On Improving Cash Flow
Moody’s Ratings upgraded Amer Sports, Inc.’s debt ratings due to the company’s improvement in leverage and free cash flow, supported by a “considerable debt repayment” in 2024 and strong consumer demand for the company’s brands, which is driving earnings growth.
PGA Tour Superstore Appoints New CEO
Troy Rice is succeeding the retiring long-term CEO Dick Sullivan. Rice joins the company after serving three years as CEO of Total Wine & More and will report directly to Arthur M. Blank, owner and chairman of the Blank Family of Businesses.
Gap Inc. Taps Head of Nike’s Women’s Business to Lead Athleta
Maggie Gauger has been named global brand president and CEO of Athleta, effective August 1. She was at Nike for 23 years with other roles including heading up North American running and the global tennis.
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