Pedego E-Bikes Hires Chief Marketing Officer
Pedego Electric Bikes, with over 200 stores worldwide, appointed Kevin Mayer as chief marketing officer of Pedego.
New Balance Opens Doors To The Track At New Balance
New Balance has opened The Track at New Balance, a multi-sport facility where Team New Balance, professional and community athletes will train and compete year-round.
Puma Appoints GM Of Puma South Korea
Puma has appointed Lee Na-Young as general manager of Puma South Korea.
Hibbett Expands, Amends Credit Line
According to a regulatory filing, Hibbett, Inc. modified its unsecured credit agreement with Regions Bank that expires July 9, 2026, to expand the limit to $125 million from $100 million. All covenants remain unchanged.
SFIA: Sporting Goods Sales Increased 16 Percent In 2021
The total market for sports equipment, exercise equipment, athletic footwear, sports apparel, and licensed merchandise saw a 15.8 percent increase in revenue from 2020 and a 16.4 percent increase since 2019 pre-pandemic numbers, according to the Sports & Fitness Industry Association’s (SFIA) annual Manufacturers’ Sales by Category Report. The majority of the tracked categories experienced growth of over 10 percent in those two years.
Walmart Names PayPal’s Finance Chief As CFO
Walmart, Inc. appointed John Rainey, former head of finance at PayPal, as CFO, effective June 6. He replaces Brett Biggs, who announced his exit from the retailer last year.
Nevco Sports Acquires Lynx System Developers
Nevco Sports ,LLC announced the acquisition of Lynx System Developers, Inc., a sports technology data company based out of Haverhill, MA. The acquisition strengthens its position in end-to-end scoring and display solutions for sporting facilities.
NBA Flagship Store To Open In Paris This Summer
In partnership with Fanatics, the NBA will open a flagship store in Paris’ Latin quarter this summer. The store will offer three levels dedicated to official NBA product as well as Nike, Mitchell & Ness, New Era, and Wilson.
Club Champion Acquires Australian Club Fitter
After acquisitions in Canada and the UK, Club Champion has acquired PureForm, a golf club fitter based in Australia.
Golftec Opens Location In Buffalo
Golftec announced the opening of an instruction and club fitting center in Williamsville, NY.
Trace Scores $47M In Funding
Trace, the game film platform, announced it closed a $47 million Series C round of funding, bringing its total funding to $65.2 million. Pelion Venture Partners led the round with Lakestar, Toba Capital and NextGen VP participation.
SquadLocker Becomes Official Online Retailer Of USA Diving
SquadLocker has become the official online retailer of USA Diving in partnership with Augusta Sportswear Brands.
Lululemon Expands Resale Program To U.S. Stores
Lululemon Athletica, Inc. announced the nationwide expansion of Lululemon Like New, the brand’s first trade-in and resale program.
Delta Apparel Expects 20 percent Fiscal 2022 Second Quarter Sales Growth
Delta Apparel, Inc. said it expects net sales for its March quarter to be approximately $130 million, representing a 20 percent increase compared to the prior year’s second-quarter result of $108.6 million, with double-digit sales growth in both the Delta Group and Salt Life Group segments.
Topgolf To Open In El Segundo
Topgolf Entertainment Group will open its first location in El Segundo, CA on April 15. The location features traditional and non-traditional ways to play golf through the company’s signature three-level venue. The facility also includes an adjacent ten-hole, lighted, par-3 golf course.
