SGB Update Sports & Fitness
Topgolf Adding Second Arkansas Location in State Capital
Topgolf is wrapping up the year with a second Arkansas venue. Topgolf Little Rock will open on December 22 in the state’s capital. The location will be Topgolf’s 98th outdoor venue and 88th in the U.S.
Flywheel Sports Co-Founder Named CEO of Body20
Body20, the fitness boutique focused on electro-muscle stimulation, hired Jay Galluzzo, former CEO and co-founder of Flywheel Sports, as CEO, succeeding Greg Breitbart, who will transition to a member of the Board of Directors.
ICSC Board of Trustees Elects New 2024 Chair and Vice Chair
The ICSC Board of Trustees elected Jim Taylor, president & CEO, Brixmor Property Group, to serve as ICSC’s chairman and Angele Robinson-Gaylord, SVP, store development americas, Starbucks, to serve as vice chairman for the 2024 term.
FWV Sells CGPR to Integrated Travel and Recreation Marketing Firm
Off Madison Ave acquired PR Agency CGPR from French/West/Vaughan (FWV), the Raleigh, NC-based marketing agency that acquired the company in February 2020. CGPR is the fifth merger and acquisition by Off Madison Ave since 2005.
Peloton’s Chief Marketing Officer Exits to Join Verizon
After less than a year at the company, Peloton Chief Marketing Officer Leslie Berland, has joined Verizon Communications, Inc. in the same role.
Kizik Amends Credit Facility to Support Growth
Kizik secured an amendment of its credit facility with JPMorgan Chase that provides enhanced financial flexibility to support expansion into new distribution channels, including company-owned retail stores, U.S. wholesale and international markets.
Report: Nike and Lululemon Post Epic Retail Traffic Surges on Black Friday
The Placer.ai data revealed that Nike drew 324.9 percent more retail store visits on Black Friday 2023, Lululemon, for its part, saw a visit bump of 467.7 percent on November 24, bringing the brand closer to its pre-pandemic Black Friday frenzy levels.
Sporting Goods Industry Mourns the Passing of Jim Easton
Jim Easton, the second-generation owner of the Easton sports equipment companies and a pioneer in aluminum-based manufacturing processes used in sports equipment, died at his home in Los Angeles on December 4 at the age of 88.
Topgolf Callaway Brands’ Debt Rating Revised to Negative
S&P Global Ratings revised its debt rating outlook on Topgolf Callaway Brands Corp. to negative from stable due to its recent report of weaker-than-expected performance for the third quarter despite maintaining relatively consistent S&P Global Ratings-adjusted EBITDA margins.
Nobull Appoints Ex-Timberland President as COO
Nobull appointed Susie Mulder, the former global brand president of Timberland, as chief operating officer, effective immediately.
Gaia Appoints New CEO
Yoga-streaming company Gaia, Inc. appointed James Colquhoun as chief executive officer. Colquhoun has worked as the company’s chief operating officer since June 2023.
G-III Apparel Group Raises EPS Guidance on Q3 Beat
G-III Apparel Group, Ltd. raised its earnings guidance for the year after EPS in the third quarter ended October 31 came in well above plan, boosted by strength at wholesale channels. Sales eased 1 percent in the period.
G-III Apparel Appoints Chief Growth and Operations Officer
G-III Apparel Group, Ltd. hired Dana Perlman as chief growth and operations officer, effective January 8, 2024. Most recently, Perlman spent over ten years working at PVH Corp.
Xponential Fitness To Acquire Lindora
Under the transaction terms, Lindora’s 31 clinics will become Xponential franchise locations, Xponential will acquire all of Lindora’s intellectual property and franchise the brand globally.
VF, Vista Outdoor, Wolverine Worldwide Top Most-Read SGB Articles for November
November 2023 featured to usual articles for the start of the holiday shopping season and the end of the retail fiscal quarter, but it was a dramatic job cutting announcement from VF Corporation, parent of The North Face, Vans, Timberland, Dickies and Jansport that got the most attention over the 30-day period.
