SGB Update Sports & Fitness
G.O.A.T. Fuel Completes Funding Round
G.O.A.T. Fuel, the sports energy drink co-founded by pro football Hall of Famer Jerry Rice, closed on its initial Series Seed round of financing, was oversubscribed and raised $5 million.
DXL Posts Q1 Sales Decline After Strong Comp Sales Growth To Start The Year
Destination XL Group, Inc. reported total sales for the first quarter were $125.4 million, down 1.7 percent from $127.7 million in the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 increased 0.6 percent as compared to the first quarter of fiscal 2022, with comparable sales from stores up 1.5 […]
Crunch Franchise Opening Newest Location In Nashville
Crunch Franchise announced the upcoming May 26 opening of Crunch Priest Lake, a 34,000-square-foot fitness facility, with the latest in cardio and strength training equipment.
Amazon: Independent Sellers In The U.S. Sold More Than 4.1 Billion Products In 2022
More than 60 percent of sales in Amazon’s store are from independent sellers—most of which are small and medium-sized businesses—providing a vast selection of amazing products, competitive prices, and great convenience for consumers.
Qurate Retail Sells Zulily To Investment Firm
Regent, a Los Angeles-based investment firm with expertise in the retail and apparel sectors, has acquired online retailer Zulily, formerly a wholly-owned subsidiary of Qurate Retail, which also owns the QVC and HSN businesses and the owner of Cornerstone Brands.
Nike Announces Senior Leadership Realignment
Nike said Heidi O’Neill, president of Consumer & Marketplace, will become president of Consumer, Product & Brand, Nike, Inc. Craig Williams, president of the Jordan Brand, will become president of Geographies & Marketplace, Nike, Inc. as part of several leadership changes. Matthew Friend, EVP and CFO, will expand his responsibilities to include Procurement, Global Places & Services and Demand and Supply Management.
NBA Sponsorship Revenue Reaches Record $1.4B In 2022/23
NBA team sponsorship revenue grew more than $100m from last season, reaching a record $1.4 billion in the 2022/23 season, according to SponsorUnited*, the sports and entertainment intelligence platform.
Golftec Opens Location Near Chicago
Golftec opened an instruction and club fitting center in Geneva, IL, on the western side of the Chicago suburbs at 1492 S. Randall Road.
EoS Fitness Opens Fifth Texas Location In Houston Suburb
A fifth EoS Fitness location opened in the Houston suburb of Spring. EoS Fitness reported it plans to open several more gyms in Texas later this year.
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.
