SGB Update

Fitness International Acquires XSport Fitness

The operator of LA Fitness, Esporta Fitness, City Sports Club, and Club Studio brands, announced its acquisition of XSport Fitness, expanding its offerings in Chicago, New York and Virginia markets.

Report: Fishing Participation Sees Growth But Too Much Turnover

The Recreational Boating & Fishing Foundation (RBFF) reported that the post-pandemic increase in fishing participation continues to set record numbers on the water; however, data from a recent report found that churn poses a challenge for the industry, especially among female participants.

Motocaddy Expands U.S. Sales Team with New Hires

Motocaddy, the electric caddy brand, launched its North American operation in 2020 to offer U.S.-based sales, service and distribution for its electric caddies. The company recently expanded its U.S. sales team with five new hires.

Deloitte Sees BTS Spending Flattening Amid Financial Concerns

Ongoing perceptions of inflation and a cost-of-living squeeze will keep spending steady from last year as K-12 parents weigh prices and priorities in preparation for the new school year as they budget for necessities and make room for a few indulgences.

Pearl Izumi Promotes Daran Godfrey to VP/GM

Godrey has been Pearl Izumi’s director of U.S. sales under the United Sports Brands umbrella for the past two years. Godrey brings two decades of sales management experience in the cycling space to the role.

Rally House Opens in Lakewood, CO

The Lakewood location is the company’s third storefront in the state after opening Rally House Outlets at Castle Rock and Rally House Alcove on Arapahoe at the beginning of June.

Gymshark Opens Second UK Store, Eyes U.S. Expansion

Gymshark Stratford, Westfield store, follows the successful opening of its debut flagship, which opened on London’s Regent Street in 2022. Founder and chief executive, Ben Francis, has his site’s set on U.S. growth with plans to open a New York City pop-up in the next 12 to 18 months.