SGB Update Sports & Fitness
Nordstrom Rack to Open Store in Queen Creek, AZ
Nordstrom, Inc. plans to open a new Nordstrom Rack in spring 2024 in Queen Creek, AZ. Nordstrom Rack is the off-price retail division of Nordstrom, Inc.
24 Hour Fitness Opening Two New California Clubs
The Irvine club, situated in the Irvine Marketplace, opened to the public on August 5 and the Roseville club will officially open its doors on August 12.
Rally House Opens Seven Stores in Record-Breaking Weekend
Rally House opened seven stores in five states over the weekend, marking the first time in the retailer’s history to open that number of doors in one weekend.
Martha Taps Surf Industry Vet as National Sales Manager
New NSM Mike Vavak was most recently international sales manager at Paris Truck Co. His past work includes brand director at SGS Sports and sales manager at Body Glove Wetsuits and Ocean and Earth.
NRF Launches Center for Digital Risk and Innovation
The Center is expected to serve as the focal point for NRF’s engagement on technology issues that have significant policy and risk management implications for the global retail industry.
BRC: British Retail Foot Traffic Recovers as Outlets Fuel Growth
The data shows that much of the footfall recovery in July was shored up by strong performance in outlet retail, as shoppers turn to discount formats to make spend go further.
Pickleball Kingdom Entering Wisconsin with New Franchisee
The expansion comes as a result of a partnership between Pickleball Kingdom Franchising and Forbici Management Group, Inc.
Life Time Debuts Athletic Country Club and Beach Club in Miami
Life Time Miami at The Falls covers 120,000 square feet with its three-story building and outdoor beach club.
Pentland Brands Simplifying Business Structure; Cutting 90 Jobs
Pentland Brands reported it initiated a new program to “simplify the way its business is organized” to focus on product, digital, consumer data, and analytics; however, it means laying off 90 employees. The second quarter of fiscal 2023 was $400.7 million, a decrease of 1.5 percent, compared to net sales of $406.7 million in the second quarter of fiscal 2022.
Xero Shoes CPO, Dennis Driscoll, Retiring After 44-Year Footwear Career
Long-time global footwear industry veteran Dennis Driscoll is retiring on September 1 after more than 44 years. He has served as chief product officer for Xero Shoes since 2012.
Xponential Fitness Raises Guidance After Strong Second Quarter
The company saw total revenue for the second quarter increase 30 percent to $77.3 million, up from $59.6 million in the prior-year period. The increase included a corresponding North America same-store sales increase of 15 percent.
Nike Partners with USA Gymnastics
For the first time, Nike will serve as the official apparel and footwear partner of USA Gymnastics and the USA Gymnastics National Team.
Delta Apparel Logs Q3 Loss As Sales Decline Double-Digits
Delta Apparel Inc. posted a loss in the fiscal third quarter ended July 1 due to efforts to reduce production levels to rebalance inventories in the marketplace as well as from inflationary pressures on cotton. Delta said the inventory and inflationary pressures are receding.
Fox Factory Posts Flattish Q2 Sales Growth Despite Shrinking Specialty Sport Group
A 1.5 percent revenue decrease for Q2 reflects a 41.0 percent decrease in Specialty Sports Group net sales, offset by a 32.6 percent increase in Powered Vehicles Group and 26.2 percent growth in the Aftermarket Applications Group net sales.
ICSC: Majority of BTS Shoppers Spending More in 2023 Due to Inflation, Higher Prices
While inflation is a partial driver of higher spending, the data found that the consumer remains resilient, but focused on deal-hunting for the best prices in the face of rising costs.
