At a session at the NRF Big Show in New York City, Michael Rubin, founder and executive chairman of Fanatics, said the company will generate a whopping $2.7 billion to $2.8 billion in revenue in 2019, and also indicated that the company’s next major revenue model will be selling on online marketplaces.
Category: Sports/Fitness
Xponential Fitness Acquires Strides
Xponential Fitness, the owner of boutique fitness brands, has acquired Stride, a boutique running concept. Stride joins seven other brands under the Xponential Fitness umbrella including Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, AKT and YogaSix.
Dick’s Ed Stack Discusses Purposeful Leadership At NRF Big Show
At a session, “Company Conscience: Leading With Conviction,” at the NRF Big Show in New York City, Ed Stack, chairman and CEO at Dick’s Sporting Goods, discussed the retailer’s efforts to ensure a work/life balance for its employees and the retailer’s commitment to community that’s reflected both in its Sports Matter funding program and controversial decision to change its gun policy.
Companies Update Guidance In Advance Of ICR Conference
Late Friday afternoon and early Monday morning saw a host of preliminary sales and updated guidance releases from companies presenting at the ICR Conference, being held in Orlando, FL. Here’s a roundup of what retail and consumer brands announced over the last couple of days.
Sportsman’s Warehouse Appoints Martha Bejar To Board Of Directors
Sportsman’s Warehouse Holdings Inc. on Monday announced that Martha Bejar has been appointed to the company’s board of directors, effective February 3, 2019. Following her appointment, the board will include eight members.
Big 5 Sporting Goods Same Store Sales Up 1.1 Percent In Q4
Sporting goods retailer Big 5 Sporting Goods Corp. on Monday reported sales results for the fiscal 2018 fourth quarter and full year ended December 30, 2018.
Lululemon Raises Fourth Quarter 2018 Guidance
Lululemon raised its EPS guidance for the fourth quarter and also now expects a total comparable sales increase in the mid-to-high teens on a constant dollar basis.
Precor Partners With Spivi
Precor, the maker of fitness equipment owned by Amer Sports, and Spivi Inc, a leader in digital interactive displays and performance tracking, have partnered to provide an workout experience integrated with the Spinner line of commercial indoor cycling bikes.
Varsity University And NFHS Partner On Sport Safety Certification For High School Coaches
Varsity Brands announced that Varsity University, which offers educational programming to schools and athletic programs nationwide, has partnered with the National Federation of State High School Associations (NFHS) to launch the Varsity University/NFHS Coaches Education Program.
CES Show: Data Tracking To Transform Sports
The buzz over wearables in the active space has cooled down with the challenges facing Fitbit, GoPro and others in recent years, but the potential for artificial intelligence (AI) and motion-sensing technology to create a new breed of data-informed athletes was again heard loudly at this week’s CES show in Las Vegas.
SGB Industry Outlook 2019, Part 3
Here is our final installment of the 2019 industry outlook. Thank you to all the industry executives and business owners who shared expectations, hopes and concerns for the new year. This was the biggest response we’ve ever gotten, with almost 60 participants, prompting three parts instead of the usual one or two.
Aisle Talk Week Of January 7
Top headlines from the active lifestyle industry you may have missed this week, including Portland, OR-based outdoor apparel firm Poler filing a Chapter 7 bankruptcy to liquidate.
Premier Lacrosse League Partners With Baltimore-Based STX
The Premier Lacrosse League in Los Angeles announced that it has partnered with Baltimore-based STX to be an equipment supplier for the PLL’s inaugural season.
Lacrosse Unlimited Re-Opens Store In Connecticut
Lacrosse Unlimited announce the re-opening of its store in Avon, CT, bringing the companies fleet to a total of 41 stores in 12 states.
SGB Industry Outlook 2019, Part 2
This is the second installment of our annual series that gauges what the industry’s key players are projecting for the coming year. Also, due to overwhelming response, we’ve extended our industry outlook to three parts due to so many of people wanting to contribute their thoughts on 2019. Look for even more commentary on 2019 in Friday’s edition of SGB Executive.
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