JD Sports Sells Footasylum To Germany’s Aurelius
JD Sports sold Footasylum to German private equity firm Aurelius Group for an enterprise value of about £37.5 million ($38 million), less than the £86 million pounds ($102.9 million) price it paid for the chain in 2019.
Xponential Fitness Signs Master Franchise Agreement In Japan For CycleBar
Xponential Fitness Inc. has signed a Master Franchise Agreement in Japan for CycleBar.
Golf Canada To Relocate Headquarters To Caledon
Golf Canada and Osprey Valley announced a partnership where the organization will relocate its corporate operations to TPC Toronto at Osprey Valley in Caledon, Ontario.
Under Armour To Pay $67 Million To Settle UCLA Lawsuit
Under Armour has agreed to pay UCLA nearly $67.5 million to settle the school’s lawsuit with the company, according to a report in the Los Angeles Times. UCLA was seeking over $200 million in damages in its original lawsuit filed in August 2020 over Under Armour’s terminated UCLA contract.
Second Rally House Store Opens In Omaha Market
Rally House announced opening its second location in the Omaha market, Rally House Metro Crossing. The new store is in Council Bluffs, IA.
Canyon Bicycles Received $30M Investment Led By LeBron James & Partners
Canyon Bicycles announced a $30 million equity investment led by LRMR Ventures, LeBron James, Maverick Carter’s family office, and S.C. Holdings, a U.S. private equity firm. The investment values the direct-to-consumer cycle brand at €750 million.
Adidas Won’t Renew NHL Jersey Deal After 2023/24 Season
Adidas will not return as the NHL’s official supplier of uniforms and apparel when its agreement expires after the 2023/24 season.
Sidi Sport Acquired By Italian Investment Company
Sidi Sport, the Italian cycling and motorcycling footwear brand, has been acquired by Italmobiliare.
Deckers Brands Lifts FY Outlook On Blowout Q1 For Hoka
Deckers Brands slightly raised its EPS guidance for its fiscal year after reporting earnings and sales in the fiscal first quarter ended June 30 topped Wall Street’s targets. The gains were led by an outperformance by Hoka, with sales up 54.9 percent year-over-year.
Aqualung Group Names President, North America
Aqualung Group, the manufacturer of diving equipment and watersports, named Scott Rittschof president of Aqualung Group, North America.
Xponential Fitness Sees Strong Growth In Second Quarter
Xponential Fitness Inc., franchisor of boutique fitness brands, provided second quarter 2022 operating highlights, including same-store growth of 25 percent.
NPD Report: Prime Day Promotions Boosted Retail Revenue 14 Percent But Unit Sales Still Fell
The week of Amazon’s Prime Day and other big retailer promotions showed that consumers continue to spend but are purchasing less, according to The NPD Group. U.S. sales revenue from discretionary general merchandise for the week ending July 16, 2022, was 14 percent higher than last year’s non-promotional week, and unit sales were 1 percent lower.
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.
