SGB Update Sports & Fitness
Report: Under Armour May Exit Notre Dame License
Notre Dame’s exclusive negotiating window with apparel sponsor Under Armour has expired, potentially leading to a new brand sponsor for the University.
Golftec Opens Location In Jersey City
Golftec reported it opened an instruction and club fitting center in Jersey City, NJ.
Peloton Recalls Over Two Million Bikes Due To Fall Hazard
Peloton is recalling two million exercise bikes over safety concerns, the second major recall the fitness company has faced. Shares of Peloton on Thursday fell 67 cents, or 8.9 percent, to $6.86.
Adidas To Sell Off Yeezy Inventory, Donate Some Proceeds To Charity
Adidas is planning to sell off the unsold Yeezy inventory and donate some of the proceeds to charity, according to early reporting out of the company’s annual meeting by the Financial Times.
Canadian Tire Sees Strong Helly Hansen Q1, SportChek Gain Partially Offset CTR Decline
Canadian Tire Corporation, the parent of retailer SportChek and the Helly Hansen brand, reported first-quarter Retail revenue was CN$3.34 billion, a decrease of 4.8 percent compared to the prior-year period. Diluted EPS was CN$0.13 in the quarter compared to CN$3.03 in the prior-year period.
Fanatics Hires CFO For Commerce Business
Fanatics named Krishna Rao as chief financial officer of Fanatics Commerce, its retail operation. In his role, Krishna will oversee all finance functions and strategic planning of its Commerce business, reporting to Fanatics Commerce CEO and Fanatics Vice Chairman, Doug Mack.
Leatt Corporation Sees Q1 Sales Fall 41 Percent Against Huge Year-Ago Growth
Leatt Corporation, a developer and marketer of protective equipment and ancillary products for many forms of sports, especially extreme high-velocity sports, saw total revenues for the first quarter decline 46 percent to $13.1 million.
JD Sports Fashion Appoints New Group CFO
JD Sports Fashion Plc, the parent company of JD, Finish Line, DTLR, and Shoe Palace, has appointed Dominic Platt as chief financial officer and as a member of the Board of Directors. He is expected to join the company later this year.
BRC Sees April U.K. Retail Foot Traffic Growth Slip Versus Q1 Trend
The British Retail Consortium (BRC) is reporting that total U.K. retail foot traffic, or footfall, increased 5.3 percent year-over-year in April, according to BRC-Sensormatic IQ data, 1.5 percentage points worse than March and worse than the 3-month average increase of 7.0 percent.
Crunch Franchise Announces Newest Location In Fern Creek, KY
Crunch Franchise announced the opening of Crunch Fern Creek, a $5 million, 30,000-square-foot fitness facility, with $1 million worth of state-of-the-art equipment and amenities in a historic community located in Jefferson County, KY.
The Pickleball Club Opens First Club In Sarasota, FL
The Pickleball Club is celebrating the recent grand opening of its first club. In Sarasota near Lakewood Ranch, FL, the recent ribbon cutting marks the opening of the first dedicated indoor pickleball facility in the state.
Wolverine Q1 Sales Slip Despite Momentum For Merrell And Saucony
Wolverine World Wide, Inc. reported sales declined 2.5 percent in the first quarter ended April 1 as strong double-digit gains for Merrell and Saucony were offset by declines at Sperry and its work footwear brands. Results were in line with guidance and Wolverine affirmed its guidance for the year.
Foundation Wellness Acquires Currex As Complement To Powerstep Brand
Foundation Wellness has acquired Currex, a leading brand of insoles designed for athletes and active individuals. Currex is a top brand in retail running stores across the U.S. and Germany.
a leading insoles brand designed for athletes and active consumers, and carried in retail running shops across the U.S. and Germany.
Polar Names President Of Polar USA
Polar Electro, the maker of fitness trackers and heart rate monitors, hired Peggy Ang as president of Polar USA in March, overseeing business and brand development.
NRF Economist Reports Q1 Challenges Bringing Inflation Under Control
During the first quarter, slower-but-continued growth in gross domestic product and other economic indicators showed the difficulty of bringing inflation under control, National Retail Federation Chief Economist Jack Kleinhenz said in the May issue of NRF’s Monthly Economic Review.
