SGB Update Sports & Fitness

NRF Expects 2024 Holiday Spending to Reach New Record

Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations, and other seasonal items, according to the NRF’s latest consumer survey conducted by Prosper Insights & Analytics.

Troon Appoints Jimmy Dunne to Board

Over the past three decades, Dunne has advised on some of the financial industry’s largest M&A transactions. In addition to serving on Troon’s Board of Directors, Dunne is a member of the Board of Trustees at the University of Notre Dame and is a Board member of the American International Group, Inc. (AIG) and Chime Financial, Inc.

Peloton to Offer Bike+ Exercise Bikes at Costco and Costco.com

Following agreements to sell through Amazon and Dick’s Sporting Goods, Peloton Interactive, Inc. plans to sell its Peloton Bike+ exercise bike at a discount for a limited time at some of Costco’s U.S. stores and on the warehouse club’s website.

TeamSnap Appoints New CFO and SVP Marketing

Steven Neel has been hired as chief financial officer and Scott Engelman has been added as SVP of marketing of the provider of youth sports management software.

Nike Ordered to Pay Legal Fees in Trademark Dispute

The U.S. District Court for the Eastern District of Pennsylvania has ordered Nike to pay millions in attorney’s fees to Lontex Corporation for its “reckless infringement” of the small Pennsylvania businesses “Cool Compression” trademark.

Ottolock Forms U.S. Distribution Partnership with BTI

The new U.S. distribution partnership with with Bicycle Technologies International comes as Ottolock recently added new products to its mobile security offering to pair with its original cinch lock.

Gold’s Gym to Return to Ontario

Toronto native, fitness industry veteran and franchisee, Tony Caparotta, will open 17 venues in the Greater Toronto and Hamilton area (GTAH) as part of the company’s planned expansion in North America.