SGB Sports & Fitness

Tennis Racquet Sales at Specialty Stores Slow to Start 2023

Unit sales of tennis racquets in specialty tennis stores dropped by 7 percent in the first quarter of 2023 compared to the same period a year ago, reported Sports Marketing Surveys USA (SMS). Despite this, the market remains strong compared to the pre-pandemic period.

Andrew Messick To Retire as CEO of The Ironman Group

Andrew Messick is retiring this year as president and CEO of The Ironman Group after 12 years with the company. Messick will remain a stakeholder and member of its Board of Directors following the recruitment and appointment of a new CEO.

Levi Strauss Trims Outlook for Year on U.S. Wholesale Weakness

Levi Strauss & Co. reduced guidance for its fiscal year while reporting earnings in its fiscal second quarter ended May 28 arrived slightly below Wall Street targets amid pressures at the U.S. wholesale channel. Wholesale revenues were down 22 percent in the quarter. Beyond Yoga was a bright spot, increasing revenues by 28 percent.