SGB Update Sports & Fitness
On Brand to Open Second London Store
On will open its second store in the UK in East London’s Spitalfields Market on November 3. On opened a flagship on Regent Street in February.
Life Time’s Q3 Profits Surge On 18 Percent Revenue Gain
Profits at the high-end fitness club chain rose 43.1 percent on an adjusted basis in the third quarter on a 17.9 percent revenue gain. Sales were at the low end of guidance but earnings topped expectations.
Pure Hockey Set to Open Second Ohio Location
Pure Hockey reported plans to open two stores in Ohio in late October—one in Mayfield Heights and the other in Columbus.
Report: September Golf Rounds Show Uptick
Golf Datatech reported that U.S. golf rounds played were up 1.6 percent year-over-year in September and increased 3.8 percent year-to-date, according to the research firm’s latest National Rounds Played Report for September 2023.
Puma’s Q3 Profits Drop On Currency Effects; Confirms Annual Guidance
Puma’s earnings fell 9.6 percent due to currency headwinds, weakness in North America and higher expenses. However, higher-than-expected revenues due to momentum in Europe, a recovery in China as well as stronger-than-expected margins led the German-based company to reiterate its guidance for the year.
Tennis Warehouse Acquires Swetka’s Tennis Shop
Tennis Warehouse, the tennis retailer based in Luis Obispo, CA, reported that it recently acquired Swetka’s Tennis Shop in Mountain View, CA, a fixture in the Bay Area tennis community for over 50 years.
Vista Outdoor Removed from S&P CreditWatch After Ammo Business Sale
S&P Global Ratings removed the debt ratings of Vista Outdoor, Inc. from CreditWatch with negative implications following the company’s announcement that it planned to sell its sporting products business to Czechoslovak Group A.S for $1.91 billion on a cash-free, debt-free basis.
Continental Tire Names QBP Preferred N.A. Distributor; Implements MAP
Continental Tire named Quality Bicycle Products its preferred distributor in the U.S. and Canada, making its products more accessible to more retailers.
Fleet Feet Rings the Bell on Wooster, OH Store Grand Opening
Fleet Feet, the largest franchisor of specialty run stores, officially announced its Wooster, OH store, which opened in late July, will host a grand opening.
Academy Sports Names Sam Johnson President as Mullican Departs
The retailer announced that Michael Mullican is stepping down as president to pursue personal and professional opportunities. Sam Johnson, EVP of retail operations, is his successor, effective immediately.
Topgolf Sets Opening Date for Memphis Location
Topgolf reported it will open a new venue in Memphis, TN, on October 27 about 20 minutes from downtown. This is the sports entertainment company’s fourth in the state, with other venues in Nashville, Chattanooga and Knoxville.
The Levy Group Launching Ben Sherman Golf, Dakine Performance Apparel
The Levy Group inked agreements with Marquee Brands to license active apparel for the Ben Sherman brand and outdoor performance apparel for the Dakine brand for 2024.
Report: September Golf Equipment Sales Up Again
Golf Datatech reported that golf equipment sales posted a back-to-back increase in on- and off-course specialty stores in September after experiencing 11 consecutive months of contracting sales through July.
Tyr Sport Opens Store In Long Island
Tyr Sport, the swimwear manufacturer, opened its first retail store at Roosevelt Field in Garden City, NY, with plans to open a second store in Costa Mesa, CA.
Suunto Adds Another Sales Agency to Rep Brand in U.S.
Dan Suher, now head of Americas for Suunto, announced last week the addition of Round Pond Sales Group led by Kyle Rohne and Ian Wauchope to represent Suunto in New England.
