SGB Update Sports & Fitness
Adidas Sues LIV Golf For Trademark Infringement Over Logo
Adidas filed a lawsuit against LIV Golf, the Saudi Arabian golf league, for trademark infringement, charging the ‘L’ in LIV’s logo looks too similar to its iconic ‘three stripes’ brand.
Report: August Golf Rounds Played Report Sees Weakening Growth
Golf Datatech reported that U.S. golf rounds played were up 0.1 percent year-over-year for August 2023 and increased 4.1 percent year-to-date, a clear moderation from the 3.2 percent increase GDT reported in July.
Life Time Opens First Bay Area Athletic Country Club
Life Time opened its newest luxury athletic country club, Life Time Walnut Creek, the first location in the San Francisco Bay Area and first to open in a shopping center-based location with Macerich.
Bain Forecasts Nominal U.S. Holiday Sales Gain
Bain & Company forecasted nominal U.S. retail sales to slow this holiday season, with the lowest growth rate since 2018. Unadjusted seasonal sales are expected to grow 3.0 percent year-over-year (YoY) in November and December, reaching nearly $915 billion, with 90 percent of the growth coming from non-store (e-commerce and mail-order) sales.
PGA Tour Superstore to Open Location in Greater Richmond Area
PGA Tour Superstore reported it plans to open a store in early 2024 in Glen Allen, VA, its first in the greater Richmond market, at Colonnades West, on the corner of Cox Road and West Broad Street.
Survey Finds 92 Percent of Consumers Cut Spending This Year; Apparel Tops Cuts
A recent CNBC-Morning Consult survey found that 92 percent of U.S. adults reduced their spending over the past six months, and the majority expect to remain frugal through the 2023 holiday shopping season.
Nike Rise Store to Open in Birmingham, England
Nike plans to open a Nike Rise concept store in Birmingham, its second to open in the U.K. and the first outside of London, according to Hammerson, the British property development and investment company that owns Bullring.
Gartner Survey Points to Softer Holiday Spending
According to a survey of 302 consumers conducted in June by Gartner, Inc., only nine percent of respondents said they plan to spend more this holiday season than in 2022, with 28 percent saying they will spend less and 63 percent saying they would spend the same.
Crunch Fitness Opening Newest Charlotte, NC Location
Crunch Fitness franchisee CR Fitness Holdings, LLC is opening Crunch Arboretum in Charlotte, NC a $5 million, 35,000-square-foot fitness facility in a space previously occupied by Bed, Bath & Beyond.
Life Time Opens First Athletic Country Club and Residences in Connecticut
The nearly 52,000-square foot athletic country club and 10,000-square-foot rooftop beach club in downtown Stamford includes a vertically integrated tower featuring 290 luxury residences for lease under the Life Time Living brand.
Shimano North America Recalls Approximately 760,000 Cranksets
The recall affects certain 11-Speed Bonded Hollowtech II Road Cranksets as they could separate and break, posing a crash hazard to consumers.
AGM Names Director of Membership & Education
The Association of Golf Merchandisers appointed Justine Gray as director of membership and education.
JD Sports Posts Double-Digit H1 Growth in N.A. with DTLR, Finish Line, JD and Shoe Palace
U.K.-based JD Sports Fashion reported total revenue of £4.78 billion ($5.91 billion) for the first half of its fiscal year ended July 29, up 8.3 percent year-over-year. JD said organic growth in its North America business was up 15 percent with the three largest segments—Finish Line/JD, DTLR and Shoe Palace—delivering between 13 percent and 17 percent organic sales growth.
PickUp USA Fitness Opens First Gym Location in Montana, Expands in SoCal
The new PickUp USA in Montana City is a franchised location owned by local residents Tyrone and Ashley Lucas. A new franchise location in San Bernardino, CA is owned by local resident Jano Mazmanian.
Nordstrom Sets Plans for More Rack Locations in Ohio
With the addition of this new location in Mason, OH and a location opening in Macedonia, OH in spring 2024, Nordstrom will operate eight Nordstrom Rack stores and three Nordstrom stores in Ohio. The store is scheduled to open in fall 2024.
