SGB Update Sports & Fitness
Report: U.S. Footwear Market Flat Year-Over-Year in First Quarter
Circana is reporting that the footwear market turned a corner in the first quarter, in terms of retail sales, as U.S. footwear industry sales revenue remained on par with Q1 2023, at $9.1 billion, and units sold experienced a 1 percent lift.
Beacon Athletics and Aer-Flo Sports Announce New VP of Sales and Marketing
Gregg Nelson joins the organizations with “an extensive background in the sports business and deep experience leading sales and marketing teams that have sold to universities, pro teams, architects, and both contractors and general contractors.”
Report: Sporting Goods Manufacturers’ Sales Grew 4.2 Percent in 2023
In 2023, the sporting goods industry grew 4.2 percent compared to 2022, reaching $121.66 billion, according to the SFIA report, and grew 26.8 percent compared to 2019 pre-pandemic levels.
Crunch Fitness to Officially Open 63rd Crunch Franchise
Crunch Fitness, is opening Crunch Poinciana, a 35,000-square-foot fitness facility in Poinciana, FL with a grand opening on April 27.
Skechers USA Gets International and DTC Lift to Post Solid First Quarter Results
DTC sales grew 17.3 percent to $829.8 million for the quarter, including increases in APAC of 16.5 percent, AMER of 10.5 percent, and EMEA of 62.4 percent. Direct-to-consumer volume increased 15.5 percent and average selling prices increased 1.6 percent.
TruFit Athletic Clubs Appoints Acting CEO
The company reported that the new acting CEO, Joe Pritchard, has a background in healthcare leadership and a commitment to wellness and brings over 45 years of business experience to TruFit.
Hoka to Open New Retail Store in Honolulu
Ala Moana Center, Hawaiʻi’s largest open-air shopping center, located steps away from Ala Moana Beach Park, will welcome Hoka as a tenant next month.
Escalade Inc. Swings to Q1 Profit as Gross Margins Spike
Total net sales increased 0.7 percent year-over-year to $57.3 million in the first quarter, primarily due to a return in normalized seasonal demand for basketball products, outdoor games and archery.
Middle Atlantic PGA Names Director of Business Affairs
Tony Kovacic will oversee partnerships and sponsorships to enhance support for MAPGA members, youth and player development programming and the Association’s charitable foundation, PGA Reach Middle Atlantic.
Golftec Opens in Manhattan
The flagship venue features the company’s proprietary game improvement technology and professional coaching for members to learn, practice and access the right clubs.
Jetty Hires Apparel Industry Vet as COO; Sets Future Plans
The New Jersey-based surf apparel company, with a growing presence in the outdoor and active lifestyle markets, saw the opportunity to add apparel veteran Lee Byrd to the team as it is “focusing on its authentic roots and devotion to the dynamic, moody coast on which it was born.”
Strava Hires new Chief Product Officer and Chief Technology Officer
The U.S.-based internet service for tracking physical exercise that incorporates social network features, hired Matt Salazar as chief product officer and Rob Terrell as chief technology officer.
Report: Golf Equipment Specialty Retail Sales Inch Up in First Quarter
Golf Datatech reported that U.S. market sales for On- and off-course specialty golf equipment grew 1.5 percent in March, pushing the first quarter sales growth up 1.4 percent.
Foot Locker to Debut New Global Store Concept
As FL continues progressing against its Lace Up Plan, the retail experience delivers on the promise to “power up its portfolio while providing an omni-focused customer experience.”
Amped Fitness to Open Club in Tallahassee
The 24/7 fitness facility offers 35,000 square feet following an extensive renovation to align with the brand’s design.
