SGB Update

i9 Sports Opens 200th Location

Tampa Bay-based i9 Sports, the youth sports league franchise, recently announced opening its 200th location.

Caleres’ Debt Rating Outlook Revised Upward

S&P Global Ratings revised its rating on Caleres, Inc. to positive from stable. The rating agency noted that Caleres reported stronger-than-expected sales and margin expansion in the first quarter of fiscal 2022 across its two main brands, with sales returning to about pre-pandemic levels, reflecting the strengthening consumer demand.

F45 To Open First Hotel Studio At Hilton Austin

F45 Training Holdings, Inc. announced plans to break ground on a new fitness studio at the downtown Hilton Austin, TX, the first F45 studio to operate inside a hotel worldwide.

May Retail Sales Unexpectedly Decline Amid Inflationary Pressures

Retail sales fell 0.3 percent in May from the prior month, the Commerce Department said Wednesday. Economists surveyed by Refinitiv expected sales to rise 0.2 percent. May marked a slowdown from the gain of 0.7 percent in April and the first decline in retail sales in five months.

Campers Inn RV Acquires Forrest Marine And RV Center

Campers Inn RV has acquired Forrest Marine & RV Center in Tyngsboro, MA. The dealership will remain under the name Forrest Marine & RV Center as it transitions into the Campers Inn RV organization.

Nike Concept Store Opens In Hong Kong

UAE retailer GMG announced the opening of a new Nike concept store in Hong Kong. The store is located in the East Point City shopping mall in the Hang Tau district.

Mountainsmith Expands With Three New Hires

Mountainsmith, the Colorado-based gear manufacturer specializing in hiking and camping, announced it appointed Kipp Godfrey as a sales and service rep, Lora Buboltz as an e-commerce marketplace manager and Nirveek Shah as a graphic designer.

Hypebeast To Open New York Flagship

Hypebeast will unveil its first-ever U.S. flagship building in the heart of Manhattan’s Chinatown on 41 Division Street this week.

Yamaha U.S. Marine Business Appoints General Manager, Marine Service

Yamaha U.S. Marine Business Unit announced the appointment of Joe Maniscalco to general manager, Marine Service. In his new position, Maniscalco will oversee marine service training and support for Yamaha outboards and systems as well as Yamaha WaterCraft products.

Mastercard SpendingPulse Forecasts 7.5 Percent Growth For U.S. Back-To-School Sales

Mastercard SpendingPulse forecasted that U.S. retail sales would grow 7.5 percent year-over-year from mid-July through the Labor Day back-to-school buying period. It anticipates that sales will be up 18.3 percent compared to the pre-pandemic 2019 selling season, with department stores a noteworthy winner as the retail sector continues its recent rebound.

Tecovas Appoints CEO

Tecovas, an Austin, TX-based Western footwear, apparel and accessories brand, announced that David Lafitte is joining the company as CEO effective June 27. Lafitte is currently the chief operating officer for Deckers Brands.