Professional Tennis Registry’s Longtime CEO Departs
Dan Santorum is departing the Professional Tennis Registry (PTR). During his 40-year tenure, he has seen membership increase from an organization of 2,500 members in 68 countries to one with more than 16,500 members in 125 countries.
PXG Opens Flagship Store in Orange County
In Huntington Beach, CA, PXG Orange County offers custom golf club fitting and apparel for golf and fashion enthusiasts.
Revelyst Acquires PinSeeker a Golf Simulator Competition Platform
PinSeeker will be integrated into Foresight Sports, the maker of golf launch monitors and simulators, in Vista Outdoor’s Revelyst’s Precision Sports Technology platform. PinSeeker employees will relocate to San Diego, where Revelyst’s Precision Sports Technology platform is based.
Capstone Partners Releases Annual Consumer M&A Report
Personal consumption spending on services increased 7.4 percent YoY, over double the growth experienced by goods spending, the widest differential of services spending growth versus goods spending growth since 2009.
The Buckle Sees Chief Merchant for Women’s Business Depart Company
Kelli Molczyk stepped down as SVP of women’s merchandising and left the company to pursue other opportunities, effective immediately.
Topgolf Callaway Completes Debt Repricing
The company said it lowered its annual interest expense while maintaining the financial flexibility and liquidity needed to fund the continued growth of the business.
Nike Inc. Gets Wholesale Lift in Fiscal Q3 to Post Earnings Beat
Revenues for the Nike Brand were $11.9 billion, up 2 percent on a reported and currency-neutral basis, as currency-neutral growth in North America, Greater China and APLA was said to be offset by declines in EMEA.
Lululemon Posted Strong Q4 Results but Guides to Slower Q1 Growth
The company’s net revenue increased 16 percent to $3.2 billion in Q4 and grew 12 percent in comparable sales terms. Diluted earnings per share were $5.29 in Q4 2023 compared to 94 cents per share in the fourth quarter of 2022.
Nike Becomes Kit Supplier for German Football Association in 2027
Adidas has been supplying German soccer with its gear since 1954, and last week it presented the new jerseys for the upcoming European Championship, which Germany is hosting this summer.
Winnebago Swings to Fiscal Q2 Loss as Revenues Fall Double Digits
The motorhome, towable, and boat maker went the way of the RV industry as a whole in fiscal Q2, which ended February 24, as the post-COVID market conditions almost guaranteed a double-digit decline on the top line and a loss on the bottom.
66°North Appoints Strategy and Business Development Director
Josefine Laigaard will play an integral role in the expansion plans, working in the brand’s new satellite head office in Copenhagen, Denmark and working closely with the HQ in Reykjavik, Iceland.
Allbirds Inc. Inks Two More International Distributor Deals
Alyasra Fashion will be the exclusive Allbirds distributor in the Gulf Countries territory, and Primer Group will distribute Allbirds products across Malaysia, Singapore, Indonesia, and the Philippines.
Academy Sports and Outdoors Sees Positive Change in Q4 Sales Trend
The retailer reported that it did not meet its own expectations for Fiscal 2023 but a trajectory change in the fourth quarter turned the frown upside down. Fourth quarter net sales were up 2.8 percent to $1.79 billion while comp store sales declined 3.6 percent for the period.
Golf Industry Veterans to Rep Sun Mountain Sports
Chivonne Wilson will represent Sun Mountain in the North Florida market. Tom Funderburk will represent Sun Mountain in the Oklahoma/Arkansas market.
DSW Parent Designer Brands Sees Shares Slide on Miss Against Street Estimates
The parent company to the DSW, Topo, Keds, Hush Puppies and other footwear brands, saw net sales decrease 0.8 percent to $754.3 million in the fiscal 2023 fourth quarter. Total comparable sales decreased by 7.3 percent for the quarter.
