SGB Update Sports & Fitness
Nike Wants Employees Back in Office More Days in 2024
Nike employees will be required to work in the office four days a week starting in January. Since May 2022, Nike has been requiring three days a week of office attendance.
National Retail Federation Survey Sees Uptick in Holiday Spending
A NRF survey found that consumers expect to spend $875 on average on holiday gifts, decorations, food, and other seasonal items this year, up 5.0 percent from $833 on average that consumers planned to spend in 2022 and in line with the average consumer holiday budget over the last five years.
Sporting Insights Expands Cycling Research Team with New Hire
Sporting Insights expanded its cycling, mobility and active transport expertise hiring Lee Kidger, the former managing director of Raleigh UK, as a special adviser.
Topgolf To Open for First Venue in Massachusetts
Located about 20 miles from downtown Boston, Topgolf Boston-Canton will feature 90 outdoor climate-controlled hitting bays spanning three levels. The new venue is the first in Massachusetts, 84th in the U.S. and 94th globally.
Fanatics Inks E-Commerce and Product Deal with TGL Golf League
Fanatics will be the official operator for the team golf league developed by Tiger Woods and Rory McIlroy’s TMRW Sports and individual teams’ e-commerce platforms and also gain the rights to design and manufacture TGL and team merchandise as an official licensee.
True Fitness GB Launches to Grow True and Octane Brands in the UK
The new company was co-founded by Alan Ellis and Neil Gillespie, reportedly bringing together over 50 years of combined experience in the fitness and wellbeing space, to drive growth of the True and Octane brands in UK’s commercial fitness market.
Tervis Hires New CEO
Tervis, the insulated drinkware manufacturer based in North Venice, FL, hired Hosana Fieber as the new CEO, with current CEO Rogan Donelly moving to executive chairman of the board.
Retro Fitness Names Chief Development Officer
Retro Fitness named Larry Strain as chief development officer. He brings more than 25 years of experience in the franchise space, including having worked at Starbucks, McDonald’s and Dunkin’ Donuts.
Golftec to Open Center in College Station
Golftec reported plans to open an instruction and club fitting center in College Station, TX, at 1505 University Drive East, Suite 410.
Pure Hockey to Open Second Store in Washington
Pure Hockey announced it will open a store in Tukwila, WA, at 303 Tukwila Parkway later this Fall; this is the retailer’s second in Washington. The other store is in Lynnwood.
ICSC Sees Holiday Sales Expanding 3.8 Percent
Retail sales are expected to grow 3.8 percent this holiday season, according to ICSC’s 2023 holiday shopping forecast. The agency also forecasted a 7.6 percent increase in F&B, bringing the total expected spend for the season to $1.60 trillion.
Dimension 6 Fitness Hires COO and CFO To Support Nike Strength Launch
Dimension 6 Fitness entered into a licensing partnership with Nike to launch the Nike Strength fitness equipment line and hired Kevin Siebers, a nine-year Nike veteran, as COO and CFO.
Vista Outdoor Announces CFO for Outdoor Products Business
Vista Outdoor, Inc. announced that Andy Keegan, vice president and interim chief financial officer of Vista Outdoor, was promoted to CFO of Revelyst following Vista Outdoor’s planned separation of its Outdoor Products segment into a standalone public company.
Costco’s Longtime CEO to Step Down at End of Year
Costco Wholesale Corp. said Craig Jelinek, CEO since 2012, plans to step down, effective January 1, 2024. Ron Vachris, president and COO since February 2022, will succeed Jelinek as president and CEO.
Deloitte Sees 2023 Holiday Spending Returning to Pre-Pandemic Levels
Deloitte is forecasting that holiday spending this year will surpass pre-pandemic levels for the first time. Consumers surveyed for the report plan to spend an average of $1,652 during the shopping season—a 14 percent year-over-year increase, though a modest four-year CAGR of 2.5 percent reflecting a normalization of trends.
