Golftec Opens Location Near Boston
Golftec announced opening an instruction and club fitting center in Waltham, MA.
Topgolf Set To Enter Rhode Island
Topgolf Entertainment Group is opening a Topgolf location in the Greater Providence area, marking the company’s entry into Rhode Island.
Garmin Q2 Sales Dragged Down By Weakness In Fitness Wearables
Garmin, Ltd. reported sales declined 6 percent in the second quarter ended June 25, pulled down by a 34 percent drop in the fitness segment. Garmin reduced its guidance for the year, with earnings being impacted by the strengthening of the U.S. dollar, high inflation and rising interest rates.
Puma Lifts Full-Year Revenue Outlook After Solid Q2
Puma reported stronger than expected second-quarter earnings on “very strong growth” across its product range and raised its revenue outlook for the full-year 2022. Earnings guidance was maintained as Puma warned of uncertainties that could dilute profitability.
Stanley Hires Global Vice President, Brand Marketing
Stanley announced it hired Jenn Reeves as global vice president of brand marketing.
F45 Training Announces Strategic Update
F45 Training Holdings Inc. said Adam Gilchrist, its president, CEO, and chairman, has stepped down and a search for a successor has been launched. The fitness boutique also reduced its 2022 guidance and announced a reorganization that will lead to the layoff of 110 employees.
Skechers’ Q2 Results Top Guidance
Skechers USA reported profits in the second quarter were down due to lower gross margins as sales grew 12 percent. Results came in easily above Skechers’ guidance, led by the Americas. Skechers maintained its guidance for the year.
Shimano’s Sales Expand 15 Percent In First Half
Shimano, Inc. reported its net income increased 22.4 percent in the first half ended June 30 as sales grew 14.7 percent.
The Athlete’s Foot Signs First NBA Ambassador
First-round draft pick AJ Griffin signed a brand ambassador deal with The Athlete’s Foot (TAF) following his selection by The Atlanta Hawks.
PeopleForBikes Hires Local Innovation Directors
PeopleForBikes hired Dave Snyder and Martina Haggerty as senior directors of local innovation, responsible for developing and implementing programming for cities to build better-connected bike networks nationwide.
True Spec Golf To Open Location In Dallas-Fort Worth
True Spec Golf, the specialist in custom club fitting and club building, has partnered with Mike Bury Golf at the Eight Under facility in Irving, TX.
Saucony Appoints Chief Marketing Officer
Saucony, a division of Wolverine Worldwide Inc., announced the appointment of Kathryn Pratt to the position of chief marketing officer, effective immediately.
P.volve Reports Record Year-Over-Year Growth
P.volve, the digital workout program for women, reported record sales for the year and the first half of 2022. The New York-based company said its membership base had increased 145 percent over the past year, with sales of new memberships up 61 percent for the first half of 2022.
Delta Galil Acquires Sustainable Clothing Brand Organic Basics
Delta Galil Industries, Ltd., headquartered in Tel Aviv, Isreal, has acquired the Organic Basics brand and certain assets. The terms of the deal were not disclosed.
Rawlings To Release Inaugural NFTs
Rawlings Sporting Goods Company, Inc. announced its first entry into the Web3 world, focusing on baseball gloves.
