SGB Update Sports & Fitness

Signa Sports’ Largest Shareholder Terminates Equity Commitment Letter

Signa Sports United N.V., which in early October announced plans to delist its shares from the NYSE, said it had received a termination notice concerning the unconditional Equity Commitment Letter from Signa Holding GmbH, an affiliate of the company’s largest shareholder Signa International Sports Holding GmbH.

SFIA Launches Super Regionals Series

The Sports & Fitness Industry Association is launching a Super Regional Series in November, offering members, partners and industry leaders the opportunity to come together to discuss business insights and topics driving today’s sporting goods and fitness environment.

Asics Names New President and CEO for North America

Koichiro Kodama will return to Asics North America as president and CEO, effective immediately. He was CEO of Asics North America from February 2019 until December 2020. He replaces Richard Sullivan, president and CEO of the North American business since January 2022.

Consumer Sentiment Slides in October

The University of Michigan’s preliminary Index of Consumer Sentiment for October declined 7.5 percent from month-over-month in September to 63 from 68.1 and below the 67.4 reading that analysts had expected.

Lacrosse, Flag Football, Cricket on Short List for 2028 LA Games

The organizing committee for the Los Angeles Games reported it will propose adding flag football, lacrosse, squash, and cricket to the Olympic program for 2028. The organizing committee is also aiming to bring baseball and softball back.

Dick’s SG To Open House of Sports in Miami

Dick’s Sporting Goods reported that the company submitted plans with Miami-Dade County to open a House of Sports in Miami in a space formerly occupied by a Nordstrom store in the Dadeland Mall.

Running USA’s COO Departs

Running USA’s Board of Directors announced that Christine Bowen, chief operating officer and VP for the past 14 years, stepped down from her role, effective September 30.

Har-Tru Acquires Armor Crack Repair

Har-Tru, LLC, a specialist in court construction and surfacing solutions based in Troy, VA, has acquired Armor Crack Repair, which specializes in court crack repair and maintenance. 

Dryvebox Signs First Franchised Partner

Dryvebox, which offers a mobile golf simulator experience, awarded its first franchise partner in Florida and opened up franchising opportunities in California.