SGB Update Sports & Fitness
True Fitness Hires Western Sales Manager
True Fitness, a commercial cardio and strength equipment provider, hired Chris Van Harte as national and key accounts sales manager for the Western region.
Longstreth Sporting Goods Sold To Private-Equity Firm
Longstreth Sporting Goods, which specializes in field hockey, was acquired by Roebling Capital Partners, a private-equity firm based in Cincinnati.
Report: Online Prices Reach 40-Month Low in August
U.S. online prices in August 2023 fell 3.2 percent YoY, reaching their lowest in 40 months, led by a drop in sporting goods, down 7 percent YoY, according to the latest data from the Adobe Digital Price Index, based on Adobe Analytics. This made August 2023 the 12th consecutive month of overall YoY price decreases.
Pure Hockey Acquires North Georgia Hockey
The hockey specialty retailer said the acquisition marks Pure Hockey’s first entry into the Georgia market and underscores its commitment to serving hockey players across the U.S.
Form Appoints Chief Revenue Officer, Names Board Member
Form appointed Christopher Stadler as a Board Member and hired Kevin Abt as chief revenue officer as the fitness tech company gears up for its next growth phase.
Helly Hansen, SportChek Parent Prices Private Placement Notes Offering
Canadian Tire Corporation, Ltd. intends to use the net proceeds from the offering and sale of the Notes for the repayment of short-term borrowings and general corporate purposes.
Nike Shareholders Reject Pay Equity Proposal
At Nike, Inc.’s annual meeting Tuesday, shareholders voted against a proposal seeking a more detailed report on pay gaps across race and gender. Shareholders also rejected a proposal over the disclosure of human rights commitments.
Fanatics Appoints New CEO for Commerce Business as Doug Mack Retires
Fanatics hired Andrew Low Ah Kee as CEO of Fanatics Commerce, effective immediately. Over the past decade-plus, Fanatics Commerce, the company’s largest business, reportedly “transformed from a domestic e-commerce company into a global omnichannel business.”
Nordstrom Rack to Open New Store in San Diego
With this new location opening in Fall 2024 and to other announced store openings, Nordstrom will operate 68 Nordstrom Rack stores, 22 Nordstrom stores, 5 Nordstrom Locals, and one asos | Nordstrom in California.
Rebel Athletic and Zer0 Cheer Expand Operations into Colombia
Zer0 Cheer is the exclusive distributor for select South American countries of Rebel Athletic shoes, bags and customized apparel, including practice wear and uniforms. The new office and warehouse will reportedly be fully operational this month.
Academy Sports Opens First Store in Brenham, TX
Academy Sports + Outdoors announced it opened its first store in Brenham, TX, with a grand opening planned from September 15-17.
Camping World Adding Another Indiana RV Dealership to Portfolio
The company is acquiring Edmundson RV in Edinburgh, IN, and the company’s first exclusive Forest River location in the state.
Champion to Open Store in Winston-Salem
Champion plans to open a full-price store in Winston-Salem—the first for the brand in North Carolina.
NRF Now Sees 2023 Retail Sales at Low End of Earlier Forecast
The March forecast called for 2023 retail sales to increase between 4 percent and 6 percent over 2022; however, the Fed’s interest rate increases slowed the economy and the NRF believes there is a good chance that sales will end up in the lower range of the forecast, if not lower.
NRF: Import Cargo Volume Could Hit 2 Million TEU Three Months in a Row
Import cargo volume at the nation’s major container ports is expected to hit the 2 million Twenty-Foot Equivalent Unit (TEU) mark for the second consecutive month in September and remain there in October.
