SGB Update

Ottolock Forms U.S. Distribution Partnership with BTI

The new U.S. distribution partnership with with Bicycle Technologies International comes as Ottolock recently added new products to its mobile security offering to pair with its original cinch lock.

Sitka Gear to Open Two Stores in Minneapolis

Based in Bozeman, MT, Sitka recently opened a 1,580-square-foot store on October 4 in The Mall of America in Bloomington, MN, and a 2,629-square-foot retail space in Maple Grove.

Gold’s Gym to Return to Ontario

Toronto native, fitness industry veteran and franchisee, Tony Caparotta, will open 17 venues in the Greater Toronto and Hamilton area (GTAH) as part of the company’s planned expansion in North America.

Topgolf Breaks Ground on New Venue in New Braunfels, TX

The new venue will be in the 400-plus-acre mixed-use development of New Braunfels Town Center at Creekside, a master-planned community, with an opening date in late 2025. This will be the 14th venue in Texas for Topgolf.

Ross Stores Opens 47 Locations

Ross Stores Inc. recently opened 43 Ross Dress for Less and four dd’s Discounts stores across 22 states in September and October. These new locations complete the company’s store growth plans for fiscal 2024, with the addition of 89 new locations throughout the year.

Sport Alliance Appoints VP of Sales International

Erwin Kost and his team will be responsible for developing the enterprise business with a focus on English-speaking countries and customers. The appointment comes as the gym management software provider secured $100 million of new funding from PSG Equity to drive growth.

X-Vision Optics Expands Midwest Coverage

Farm King will use its extensive retail network in the Midwest to distribute X-Vision’s products in Illinois, Iowa and Missouri, meeting the growing demand for its thermal imaging, night vision equipment and accessory lines.

Cox Enterprises Acquires Loop Tackle

Loop Tackle owns and manages Atlantic salmon rivers and invests in conservation, science and education. Cox Enterprises acquisition is expected to better position Loop Tackle, in business for over 40 years, to expand its offerings of sustainable products.

Pajar Canada Acquires Cougar Shoes

Cougar Shoes Co-owner and President Steve Sedlbauer said that the company has experienced financial struggles in recent years due to disruption caused by the pandemic and milder winters in key regions.

REI Co-op Plans Lower Volume of Store Openings for 2025

REI Co-op plans to open six locations in 2025, with three new stores in California, as well as Amherst, NY; Durango, CO; and Lynnwood, WA. The openings mark a moderation in new store growth from the 10 stores scheduled to open in 2024.