SGB Update Sports & Fitness
Study: U.S. Fan Interest In Soccer Growing
A new data report on the state of U.S. soccer fandom from Sports Innovation Lab found that American interest in soccer has reached the average global interest level.
Fanatics Signs Retail Partnership Deal With England’s Barnsley F.C.
Fanatics signed a long-term multichannel retail partnership with Barnsley F.C., a professional football club based in Barnsley, South Yorkshire, England.
Fanatics To Acquire PointsBet’s U.S. Assets To Jumpstart Gambling Push
Fanatics has agreed to acquire the U.S. operations of PointsBet, marking a big leap into U.S. sports gambling for Fanatics. The deal is worth about $150 million in cash.
Puma Appoints New Managing Director For Puma India
Puma has appointed Karthik Balagopalan as the new managing director of Puma India, one of the company’s fastest-growing markets. Balagopalan most recently was Puma’s global director of retail and e-commerce. He replaces Abhishek Ganguly.
Revo Opens Flagship In Barcelona
Revo opened its first flagship store in Barcelona, Spain, located on Baixada de la Llibreteria, in the Gothic Quarter, one of the city’s highly trafficked districts.
Nike Opens First Nike Live Store In Portland, OR Metro Area
Nike opened its first Nike Live concept in the Portland, OR, metro area, marking its 50th Nike Live location.
Hayes Names New Distribution Partner For Italian Market
Hayes Bicycle Group, the distributor of several bike brands, reported a new partnership with AMG in the Italian territory, expanding the reach of the company’s performance cycling componentry to AMG’s dealer network.
OHM Fitness To Open 70 Texas Locations
OHM Fitness reported it would open 70 EMS fitness studios in the Texas Triangle through its newest franchise partner over the next few years, including 25 in Dallas Fort Worth, 20 in Austin and San Antonio and 25 in Houston, through its newest franchise partner over the next few years.
Thule Group CFO Announces Departure
Thule Group announced that Jonas Lindqvist, in agreement with the company, will leave his position as chief financial officer at Thule Group. He has held the position since 2020 and will remain in the role until a successor is in place. The recruitment process is underway.
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.
