Varsity Brands To Pay $43.5M In Antitrust Settlement
Varsity Brands has agreed to pay $43.5 million to settle a federal lawsuit that the student apparel company and producer of cheerleading events abused its industry dominance, causing private gyms and spectators to pay artificially inflated prices.
Drive Shack Announces $26.5 Million Term Loan Facility
Drive Shack, Inc. announced today that it had obtained a $26.5 million senior secured term loan facility to fund the construction of its Puttery venues currently in development.
Rally House To Open Another Pittsburgh Store
Rally House has become a pillar of the Pittsburgh sports community in recent years. The retailer reported it intends to open a new store in the Monroeville area. Rally House Miracle.
Titleist Parent CFO To Resign
Acushnet Holdings Corp., the parent of Titleist and Footjoy, reported that Thomas Pacheco, its EVP, CFO and chief accounting officer, intends to resign, effective August 15, 2023, to pursue other interests.
Jordan Brand World Location To Open In Tokyo
Jordan World of Flight Shibuya is opening as the first Jordan-only store in Japan this March. The 9200-square-foot space follows the opening of Jordan World of Flight Milan in December 2022.
Vuori To Open Second Boston Store
Vuori is opening a storefront this summer at the Derby Street Shops in Hingham, MA, marking the second brand store in the Boston area and its debut on the South Shore.
Time Bicycles To Open U.S. Manufacturing Plant In Upstate SC
French carbon fiber bike manufacturer Time Bicycles may have to change one of its core tag lines, “Designed and Made in Europe,” after reporting it will open a new manufacturing facility in Spartanburg, SC.
USA Swimming Extends Speedo Partnership Deal Through 2024
USA Swimming reported it extended its partnership with Speedo through December 31, 2024.
Walmart Laying Off Thousands Of Warehouse Employees
Walmart is laying off hundreds of employees at its e-commerce fulfillment centers nationwide. The company said it made the cuts “to better prepare for the future needs of customers.”
Flag Football Gets More Structure With Key Partnership Deal
RCX Sports, the official operating partner of NFL Flag, has inked a new partnership with NIRSA: Leaders in Collegiate Recreation. The collaboration is focused on increasing flag football participation, programming and training across college campuses in the intramural and club sports arenas.
Rawlings Extends Partnership With Northwoods League
Rawlings Sporting Goods Company, Inc. will remain the exclusive supplier of baseballs, helmets, protective gear, uniforms, and wood bats for the Northwoods League through 2028. Rawlings has been a sponsor of the league since 2005.
Manufacturers Report: Active Lifestyle Market Grew 4.3 Percent In 2022
Product sales in the sporting goods, fitness and related recreation markets grew 4.3 percent last year, building on record sales growth in 2021, according to the Sports & Fitness Industry Association’s 2023 Manufacturers Sales by Category Report.
Pickleball4America Merges With US Open Pickleball Championships
Pickleball4America, a newly formed company focused on developing businesses around pickleball, made a series of announcements highlighted by its merger with the US Open Pickleball Championships, launching a Ballpark Festival Series and the closure of its initial round of funding.
Report: Sports Direct Eyes Merger With France’s Go Sport
Frasers Group Plc, the parent of Sports Direct and House of Fraser, is reportedly exploring acquiring France’s Go Sport chain out of insolvency as part of a broader plan to expand in Europe.
Nike, BSN Sports Co-Partner With University Of Southern Indiana
Based in Evansville, IN, the University of Southern Indiana (USI) established a new athletic partnership with Nike and BSN Sports.
