SGB Update Sports & Fitness
Nautilus Sets $5 Million Direct Offering
Nautilus, Inc. entered into a definitive securities purchase agreement with a certain institutional investor for the purchase and sale of 4.1 million shares of the company’s common stock at a purchase price of $1.22 per share.
Beachbody Hires Executive Chairman
The Beachbody Company, Inc. hired Mark Goldston to the newly formed role of executive chairman of its Board of Directors. In this role, Goldston will partner with company co-founder and CEO Carl Daikeler to guide the company’s transformation, drive profitability and leverage its assets to drive growth.
Retail Market Breathes A Sigh Of Relief As West Coast Ports Deal Reached
The Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) announced a tentative agreement on a new six-year contract covering workers at all 29 West Coast ports.
Retail Sales See Slight Uptick In May; Sporting Goods Stores Up 2.5 Percent
Retail sales increased 0.3 percent from April to May and gained 1.6 percent year-over-year. Economists polled by Reuters had forecast sales would decline 0.1 percent month-over-month.
Sport 2000 Reaches €6.5 Bn In 2022 Sales; SGN Sports Leaving Group
Sport 2000 International, the world’s second-largest trade organization for independent sports retailers with 3,586 stores in 25 countries, recently reported it is reflecting on a successful year, closing the 2022 financial year with gross retail sales of €6.5 billion.
REI Workers Union Adding Pressure With Unfair Labor Practice Allegations
The Retail, Wholesale and Department Store Union (RWDSU) announced it would be filing Unfair Labor Practice charges (ULPs) against REI, Inc. in the Cleveland (Beachwood, OH) and SoHo (Manhattan, NY) unionized stores.
Painshield MD Maker Taps Mio-Guard For U.S. Sports Med Market Distribution
NanoVibronix, Inc., a medical device company that produces the UroShield, PainShield and WoundShield Surface Acoustic Wave (SAW) Portable Ultrasonic Therapeutic Device, reported entering into a distribution agreement with Mio-Guard, LLC for the sale and distribution of its PainShield MD product.
Report: May Retail Sales Grow 2 Percent On ASP Growth; Apparel Declines
U.S. retail sales revenue in May 2023, including discretionary general merchandise and consumer packaged goods (CPG), increased 2 percent compared to the same month last year, even as unit sales declined 3 percent, according to data from Circana, formerly IRI and The NPD Group.
Placer.ai.: Fitness Chains Continuing Traffic Gains In 2023
Placer.ai. data finds fitness centers saw a recovery year in visits in 2022 as pandemic concerns subsided and the industry continues to build on those healthy foot traffic gains in 2023.
NSGA Adds Johnson-Lambe SG Exec As Board Member
The National Sporting Goods Association (NSGA) filled an open position on its Board of Directors, appointing Cole Johnson of Johnson-Lambe Sporting Goods in Raleigh, NC. Johnson’s three-year term took effect on June 1.
Lids Names Head Of Brand And Collaborations
Lids hired Ariel Sandler as head of brand and collaborations. Sandler previously helped lead brand and marketing for the NBA, New Era and StockX.
True Spec Golf Reopens in Jackson, NJ
True Spec Golf announced that True Spec New Jersey at Metedeconk National Golf Club in Jackson reopened following a recent addition to its 55-acre practice facility. When it opened in 2022, the facility was True Spec Golf’s first location in the Garden State.
Self Esteem Brands Launches Studio Fitness Franchise Program
Self Esteem Brands (SEB) officially launched Sumhiit Fitness at FIT Summit in Singapore, .its first studio brand for franchising worldwide.
Blue Tees Golf Names Software Product Manager
Blue Tees Golf, producing golf rangefinders and accessories, hired Michael Novotny as a software product manager. He is a PGA of American professional and former PGA Tour product manager.
Puma’s Brand Chief Leaving As Global Marketing Moves From Boston To Herzo
As part of the implementation of its strategic priorities, Puma is reorganizing its Global Marketing Organization. The company said the decision lays the foundation for further elevating the Puma brand, one of the company’s three strategic priorities.
