SGB Update

Amped Fitness Names First Franchise Partners

Amped Fitness continues expanding, introducing its first franchise partners, Matt and Kyana Carrico, to the Indianapolis market by 2024, according to CEO Travis Labazzo.

OrthoLite Bolsters Sales Team in China

OrthoLite added to its sales management team in China, appointing Chuck Yu as director of sales strategy and John Liu as sales manager.

Ace Pickleball Club Plans National Rollout

Ace Pickleball Club, an operator of indoor pickleball facilities, announced further expansion plans with over 50 franchises sold in the U.S., including Arizona, California, Florida, Illinois, Indiana, Michigan, New Jersey, New York, and Pennsylvania.

Golf Rounds Played Climb in July

Rounds of golf played advanced 3.2 percent in July and are running up 5.0 percent for the first seven months of 2023, according to Golf Datatech.

Pure Fishing’s Debt Rating Upgraded

S&P Global revised its issuer credit rating on Pure Fishing from the SD (selective default) rating given earlier last week, after the company’s sponsor, Sycamore Partners Management, bought up some of its debt at a significant discount to face value.

USPTA Signs Multi-Year Pickleball Deal with Selkirk Sport

The United States Professional Tennis Association announced a three-year agreement with Selkirk Sport. Per the agreement, Selkirk Sport will manufacture the official pickleball and pickleball net of the USPTA.

Bass Pro Shops Set to Open In Loveland, CO

Bass Pro Shops announced plans today to open a retail store in Loveland, CO. The opening of the 130,000-square-foot Outdoor World, expected to open in 2025, is the retailer’s sixth Bass Pro Shop in Colorado.

True Fitness Resets Sales Organizational Structure

True Fitness announced several changes, effective immediately, to its dealer/distribution and direct sales teams, including hiring Dave Whitman as retail sales manager, Marshall Hansen as distribution director for North America, Kurt Parker as director of direct sales, Dean Bowrosen, senior distribution director for the East, and John Talley, senior distribution manager for the West.

Hibbett’s Q2 Profits Tumble Year-Over-Year, Top Wall Street’s Targets

Hibbett, Inc.’s second-quarter profits fell 55.9 percent but still topped analyst targets with some strength in footwear offsetting apparel weakness. The sporting goods chain reiterated its full-year outlook, bucking a trend that saw competitors, Dick’s Sporting Goods and Foot Locker, lower guidance this week.

Pard Optics Expands Odle Sales Territory

Pard Optics has expanded the territory serviced by Odle Sales. With 35+ years of experience, Odle Sales will add TN, NC, SC, MS, AL, FL & PA to their existing territory.

Rhone Opens Store in Westport

Rhone, the men’s athleisure brand, opened a store in Westport, its first in Connecticut and 14th overall at 7 Main Street.