SGB Sports & Fitness

SGB Update

Scheels to Open Location in Blaine, Minnesota

Scheels announced plans to open a 250,000-square-foot store in Blaine, MN, in spring 2028. The location will be the company’s second location in the Twin Cities metro, joining Eden Prairie, and sixth in the state.

Xtech Secures Equity Investment from Eli Manning

Manning wore Xtech Protective Equipment across the final five years of his NFL career, and his industry expertise and first-hand knowledge of Xtech are expected to offer significant value as the company reaches new markets, particularly the youth football market, where player safety is a major concern.

Rouvy Acquires Bkrool Indoor Cycling Platform

Czech-based indoor cycling platform Rouvy reached an agreement to acquire Spain-based competitor Bkrool. The acquisition will support Rouvy’s expansion with Bkrool having a strong presence in Spain (and Spanish-speaking countries), France and Denmark. Bkrool will continue as a standalone brand within The Rouvy Group.

Arena Appoints Chief Brand Officer

After a career at McKinsey and Nike, Mark Pinger joined Arena in 2016 as general manager for the U.S. market. He has been promoted to chief brand officer, effective October 1.

SGB Executive

EXEC: On Holdings’ Stock Downgraded on Currency Headwinds, Tariff Concerns

Raymond James reduced its stock rating on On Holdings to “Outperform” from “Strong Buy” and lowered its earnings estimates due to the strengthening of the Swiss Franc and the impact of tariffs. Raymond James’ analyst Rick Patel wrote, “While we see 2Q being ‘less clean’ due to FX, tariffs, and slower wholesale growth (due to timing of launches), we remain bullish on ONON as a long-term story.”

NRF Sees Resiliency in 2025 BTS Shoppers; Will Spend More on Footwear and Apparel

Katherine Cullen, the National Retail Federation’s VP of industry and consumer insights, and Mark Mathews, its chief economist and executive director of research, who identified that this year’s back-to-school (BTS) consumers are shopping earlier and with discounters to save money due to ongoing tariff and inflationary discussions.

EXEC: Moody’s Sees Tariffs Weighing On Apparel Retail Through First Half Of 2026

Moody’s Ratings, in an update, said that while a pause in some tariffs lessens the profitability hit, it’s maintaining a negative outlook on the Global Retail and Apparel sector, as tariffs are expected to “materially” impact earnings through the first quarter of 2026, with apparel and footwear sellers particularly vulnerable.