SGB Update Sports & Fitness
Topgolf Breaks Ground on New Ohio Location
Topgolf has broken ground on a two-level venue located in Avon, OH, approximately 20 miles west of downtown Cleveland. This will be the fifth Topgolf venue in Ohio.
Boston Pickle Club to Open Second Facility in Norwell
The indoor pickleball facility will open in December in Norwell for the South Shore community. This is the company’s second indoor club. The first location is in Boston’s Hyde Park.
Burlington Stores, Inc. Appoints Former Staples CEO to Board
Shira Goodman, former CEO of Staples, Inc., will join Burlington Stores Board of Directors and Audit Committee effective January 1, 2025.
Rally House Opens New Stores in Indiana, Arkansas and Philadelphia
Rally House and Sampler Stores, Inc. the family-owned specialty retailer that represents local NCAA, NFL, MLB, NBA, NHL, and MLS teams has opened three new stores in Noblesville, IN; Fort Smith, AK; and Philadelphia PA.
Nordstrom Beats Street Estimates for Q3 on DD Growth in Women’s Apparel and Active
In the third quarter, Nordstrom saw women’s apparel and active post double-digit growth, while shoes, men’s apparel and kids were up in the mid- to high-single-digits versus Q3 2023. Growth in women’s apparel, shoes and men’s apparel reportedly accelerated sequentially from the second quarter.
Kohl’s Snags Ashley Buchanan from Michael’s as New CEO; Kingsbury Signals Exit
Company CEO Tom Kingsbury plans to step down as CEO, effective January 15, 2025. He will stay remain in an advisory role to Kingsbury and retain his position on Kohl’s Board of Directors through his retirement in May 2025.
Kohl’s Shares Plunge 17 Percent as CEO to Exit and Q3 Results, Holiday Outlook Disappoint
The mid-tier retailer’s outgoing CEO Tom Kingsbury said in a Tuesday, November 26, media release that third quarter results did not meet expectations as sales remained soft in the retailer’s apparel and footwear businesses.
ASGCA Elects President of American Society of Golf Course Architects
Brian Costello of Belmont, CA was elected president of The American Society of Golf Course Architects (ASGCA) at its recent 78th Annual Meeting in San Francisco.
Gymshark Opens Holiday Pop-Up on Wooster Street in NYC
This pop-up offers a glimpse of what consumers will find in the U.K.-based brand’s first permanent U.S. flagship, scheduled to open in 2025.
Nike, Inc. Appoints Executive VP and Chief Human Resources Officer
Treasure Heinle, the company’s chief talent officer, will assume the role of executive vice president and chief human resources officer, effective January 6, 2025. She succeeds Monique Matheson, who has decided to retire after 26 years with the company.
Circana Taps into Kroger Executive Ranks to Find Next President and CEO
Stuart Aitken will join Circana on January 1, 2025 from Kroger, where he has served as chief merchant and marketing officer since 2019. He succeeds Kirk Perry, who has decided to retire from the role. He will remain a Board director.
Study: Consumers Are Returning to Brick & Mortar Stores Post-Election
Shoppers are returning to brick-and-mortar stores in significant numbers this holiday season amid a notable cutback in post-election seasonal spending, according to a new consumer survey by First Insight, a customer-driven AI-powered retail platform.
Walmart de México y Centroamérica Celebrates Opening of 2,500th Bodega Aurrera
The new store, which joins the 31 stores that Bodega Aurrera operates in the state, has over 21,000 square feet and will generate over 50 new jobs.
Macy’s, Inc. Delays Q3 Results After Employee Hid More Than $132M of Delivery Expenses
A single employee with responsibility for small package delivery expense accounting intentionally made erroneous accounting accrual entries to hide approximately $132 million to $154 million of cumulative delivery expenses from Q4 2021 through Q3 2024.
USPS to Raise Rates in 2025 to Remain Competitive
The changes would raise shipping service prices by approximately 3.2 percent for Priority Mail and Priority Mail Express, 3.9 percent for USPS Ground Advantage, and 9.2 percent for Parcel Select.
