SGB Update Sports & Fitness
Lids Promotes Durda To President
Lids promoted Bob Durda to company president. Over a 13-year career at the company, Durda has been at the forefront of Lids’ focus on building its product portfolio and leading some of its more successful programs.
Rawlings Named Official Helmet Of Women’s Professional Fastpitch
Rawlings entered into a multi-year agreement with the Women’s Professional Fastpitch league to become the exclusive helmet brand worn in all games by WPF teams throughout the season.
Picklemall To Open First Location In Tempe, AZ
Picklemall, an indoor pickleball concept, will debut its first location at the Arizona Mills shopping mall in Tempe, AZ in July 2023.
Elevate Textiles Undergoes Recapitalization, New Ownership
Elevate Textiles, the fabric manufacturer servicing the automotive, apparel, interior furnishing, and industrial industries owned by Platinum Equity, reached an out-of-court restructuring deal in which its lenders will take control of the company.
Peloton Will Attempt to Reintroduce Itself To Anyone, Anywhere
Peloton is attempting to shed its original branding as a marketer of high-end fitness bikes sold directly to consumers to rebrand itself to reflect everything Peloton has to offer to everyone, at any level, wherever they are.
Nautilus Sales Fall 43 Percent In Fiscal Q4; Posts Wider Net Loss
Nautilus, Inc. reported fiscal fourth quarter net sales were $68.4 million in the period ended March 31, 2023, a decline of 42.9 percent versus the prior-year comparable period. Direct segment sales declined 30.4 percent and Retail segment sales fell 55.4 percent in the quarter.
DU/ER Hires Vice President Of Global Sales
Canadian performance apparel brand DU/ER hired Burt Damsky as VP of global sales. Based out of the company’s New York City showroom, Damsky will oversee the strategic growth of the brand’s global wholesale network.
Hydrow Appoints New Company President
Hydrow, the connected rowing brand, announced the promotion of its CFO John Stellato to president, effective immediately.
Fanatics Buys PWCC To Enter Collectibles Auction Space
Fanatics Collectibles reported it acquired the PWCC Marketplace, the largest sports card, memorabilia and collectibles auction houses. Terms were not disclosed.
Report: 2022 European Health Club Memberships Nearly Back To 2019 Levels
According to a report from EuropeActive and Deloitte, European fitness club memberships increased by roughly seven million members, or 12.3 percent, from 56.2 million in 2021 to 63.1 million by year-end 2022, just slightly short of the pre-COVID year level in 2019.
Citi Trends Posts Q1 Loss As Comps Fall 14.1 Percent
Citi Trends, Inc. reported fiscal first quarter sales decreased 13.7 percent to $179.7 million compared to the year-ago quarter, in line with guidance. Comparable store sales decreased 14.1 percent compared to Q1 2022.
Dick’s SG Posts 5.3 Percent Comp Sales Growth In Q1; EPS Up 38 Percent
Dick’s Sporting Goods reported net sales for the fiscal first quarter rose 5.3 percent to $2.84 billion from $2.70 billion in the prior-year Q1 period. Comparable store sales grew 3.4 percent
Varsity Brands Hires Chief Supply Chain Officer
Varsity Brands hired Joe Raines as EVP, chief supply chain officer, effective immediately, across its three businesses—BSN Sports, Varsity Spirit and Herff Jones.
F45 Training Receives NYSE Notice Of Non-Compliance With $1 Share Price Rule
F45 Training Holdings, Inc. has received a notice from the New York Stock Exchange indicating that the company is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the company’s Common Stock was less than $1.00 over a consecutive 30 trading-day period.
Walmart Opens First Market Fulfillment Center In Arkansas Store
Walmart opened its first high-tech Market Fulfillment Center (MFC) in Arkansas at Store 100 in Bentonville, underlining the retailer’s strategic move to expand using its stores as fulfillment centers to enhance the shopping experience.
