NRF: Consumers Face ‘Critical Moment’ Waiting on Fed
National Retail Federation Chief Economist Jack Kleinhenz said the Fed must balance using high interest rates to reduce inflation with the risk that keeping rates too high for too long could slow the economy to the point of recession.
GameAbove Sports Acquires Fourth Founding Big3 Expansion Team
GameAbove Sports announcement follows the purchase of rights to the LA, Miami and Houston Big3 franchises earlier this year. The league is in the fifth week of Big3’s seventh season, which continues to tour nationwide via linear, streaming and digital platforms.
NSGA: Former Board Chairman and Source for Sports Founder Al Anderson Passes Away
Al Anderson, the only Canadian to serve as Board chairman of the National Sporting Goods Association (NSGA), passed away on July 2. He was 92.
Protect Our Winters Appoints COO
Ryan Laemel is the first chief operating officer operations, overseeing financial planning, training, events, Athlete and Science Alliances, and Team POW, POW’s member program.
Lifetime Products CEO Richard Hendrickson Killed in Family Car Accident
The accident also claimed the life of his daughter Sally. Richard’s wife and two of their other children sustained non-life-threatening injuries in the accident. Another daughter was traveling overseas and was not in the vehicle.
Yanre Fitness is Rebranding to YR Fitness
This change by the Chinese strength equipment manufacturer is said to be part of the company’s plan to expand internationally and make its name easier to remember and pronounce.
New Crunch Fitness Location Opens in Pittsburgh, PA Area
Fitness Ventures LLC, reportedly one of the largest growing Crunch franchisees, operates in over 25 states and owns Crunch Fitness Pleasant Hills.
Pickleball Kingdom to Open New Club in Appleton, WI
Spearheaded by GTOne Management Group, led by industry veterans Abhi, Rama, Chandu, and Narsa, the goal is to be open before Winter 2024.
Crunch Franchisee to Open Newest Location in North Round Rock, TX
Led by Crunch Fitness franchisee, The Undefeated Tribe, Crunch North Round Rock will be located in the University Oaks Shopping Center, creating a new offering for North Round Rock residents.
EōS Fitness Opens Five New Locations to Reach 100 Gyms Milestone
The company said it is also moving forward with plans to bring new locations to new markets, including San Antonio and Austin, TX and throughout South Florida.
Paul Fredrick Names New CEO
Erica Lee is the company’s new chief executive officer. Neal Black, former CEO of Paul Fredrick and Jos. A Bank will continue to serve on Paul Fredrick’s Board of directors.
TruFit Athletic Clubs Strengthens Leadership Team with CFO and HR Chief
With over 37 locations, the fitness club operator added two seasoned executives to its leadership team—Aaron Watkins as the chief financial officer, and MJ Patti has taken on the senior vice president of people and culture role.
Rally House Opens Storefront in Lehigh Valley Mall and Second in Houston
The nationwide retailer increased its storefront count in the Philadelphia area to 22 after opening Rally House Lehigh Valley Mall in Whitehall, PA, on July 5, on the Mall’s lower level. Rally House Willowbrook Plaza opened on July 5, two weeks after its first storefront in Houston with Rally House Houston Outlets.
SGB Media to Close for Independence Day Holiday
SGB Media will not publish the SGB Morning or Evening Newsletters on July 4 and July 5. We will return to the office and resume publication on Monday, July 8.
Payntr Golf Raises Investment Capital; Jason Day Takes Equity Stake
Payntr Golf raised $1 million in investment capital in the second quarter, adding to other highlights for the first half, including double-digit growth and expansion of its retail presence.
