SGB Update

Pickleball Kingdom Franchise to Open in Ocala

Tim Campbell will open a 37,000-square-foot facility in Ocala, FL, featuring 13 professional-grade indoor courts in Summer 2025. The franchisee is a senior operations manager with extensive private and law enforcement experience.

Fossil Group Adds Former Adidas and Salomon Execs to Leadership Team

Fossil Group, Inc. appointed Joe Martin, formerly SVP of Wholesale, Team Services and Omni Operations and Marketplace, North America, at Adidas, and Antonio Carriero, previously chief digital and information officer at Salomon, to its executive team. 

Mizuno USA Hit by Cyber Attack

​Mizuno USA, a subsidiary of Mizuno Corporation based in Peachtree Corners, GA, confirmed in Data Breach Notification letters that unknown hackers stole files from its network between August and October 2024.

Peloton Raises Profit Outlook on Improved Holiday Quarter

Peloton Interactive raised its earnings guidance for its fiscal year ending June 2025 after seeing a strong recovery in earnings on an adjusted basis for the holiday quarter on better-than-expected sales. Revenues in its December quarter were down 6.1 percent.

Brooks Running Posts 9 Percent Growth In 2024

Brooks Running reported sales were up 9 percent in 2024, fueled by growth in every region and channel. The performance marked eight consecutive years of growth for the brand, delivering a 13 percent compound annual growth rate over that horizon.

Canada Goose Misses Q3 Revenue Targets on DTC Softness

Canada Goose’s revenues in the fiscal third quarter ended December 29 came in below Wall Street’s estimates as DTC comps missed plan, down 6.2 percent. Earnings on an adjusted basis in the third quarter rose 7.0 percent while overall sales declined 2.2 percent.

Winchester Ammunition Breaks Ground on New 6.8mm Ammunition Facility

The company said the 450,000-square-foot advanced ammunition production facility can manufacture all components of 6.8mm ammunition and finished rounds for the U.S. military, reinforcing the legacy of the LCAAP and its vital role in U.S. national defense.