Academy Sports Opens Store In Panama City
Academy Sports + Outdoors announced the opening of its Panama City
PGA Of America And Elysian Park Ventures Launch Investment Vehicle
The Professional Golf Association (PGA) of America announced plans to launch a dedicated funding vehicle with Elysian Park Ventures, the investment arm of Major League Baseball’s (MLB) Los Angeles Dodgers, to support golf innovation.
Fanatics Expands Partnership With University of Alabama
Fanatics and The University of Alabama announced a long-term, multifaceted partnership that includes exclusive rights from the University for activation by Fanatics across its digital sports platform.
Whoop Undergoes Layoffs
Wearable fitness technology company Whoop has laid off 15 percent of its workforce as part of a restructuring.
Olympia Sports To Close Remaining 35 Stores
Olympia Sports, the Maine-based sporting goods chain that once had more than 200 stores on the East Coast, is shuttering its remaining 35 stores.
Caleres CEO To Retire Next Year
Diane Sullivan, Caleres’ long-time CEO, will retire effective January 15, 2023. The company announced the news on Monday. Jay Schmidt, president of Caleres, will succeed Sullivan as chief executive officer, with Sullivan moving to the role of executive chairman.
Luxury Retail’s Momentum Continues Into 2022
Despite record inflation and a plunging stock market, the rebound in luxury spending seen in 2021 has continued into 2022, according to recent reports from Bain and Bank of America (BOA).
Lids Opens New College Retail Concept
Lids announced the launch of Lids University (Lids U), a retail concept for collegiate sports products and apparel.
MLB Officially Allowing Ads On Uniforms In 2023
Major League Baseball (MLB) is moving ahead with plans to add uniform and helmet advertising patches on uniforms next season.
Peloton Adds New Corporate Wellness Partners
Peloton added 15 Corporate Wellness Partners to its Corporate Wellness Program, including AARP, Akin Gump Strauss Hauer &Feld LLP, Ben & Jerry’s, Digitas Health, Dropbox, Goodwin, Namely, Nasdaq, Pharmavite, RK&K, SAP, UCB, VICE Media, Vitamix, and Volvo Group.
Proteus Motion Raises $8.5M In Series A Funding
Proteus Motion, the NYC-based fitness technology company, raised $8.5 million in a Series A funding round.
Workers For Lululemon DC Store File To Form Union
Lululemon Athletica, Inc. employees working at one of its Washington, D.C. stores has petitioned to unionize, extending a wave of organizing at previously union-free U.S. retail firms.
Frasers Group Sees Strong Profit Rebound In Fiscal Year
Frasers Group reported profits improved significantly in the fiscal year ended April 24 as sales grew 30.9 percent.
Running USA Survey Finds Demand For In-Person Running Events
With the lifting of pandemic restrictions, runners are eager to participate in live running events, according to Running USA’s 2022 Global Runner Survey.
NGF Report: Golf Equipment Sell-in Still Growing
Despite supply chain constraints, shipments from golf equipment manufacturers in 2022 has remained strong, matching last year’s growth, according to the National Golf Foundation (NGF).
