SGB Update Sports & Fitness
The Picklr to Open 20 Clubs in Japan, with the First in Tokyo
With development oversight and ongoing support from The Picklr’s corporate team in Utah, all Japan-based clubs will reflect the same aesthetic, amenities, programming, and membership offerings as clubs in the U.S. and Canada.
Pickleball Kingdom Franchise to Open in Tinton Falls, New Jersey
The franchise club will offer a full suite of member benefits to provide optimal playing conditions combining outdoor court surfaces with an indoor environment for consistent play regardless of weather.
Dillard’s Q1 Profits Dip on Slight Sales Decline
Dillard’s, Inc. profits slid 9 percent in the first quarter that ended May 3 as same-store sales eased 1 percent and gross margins eroded 70 basis points.
PickleRage Expands Coast to Coast with Five New Franchisees
The new franchise partners will open clubs in the following markets: Newark, OH; Genesee County, MI; Greater Indianapolis, IN; Greater Charlotte, NC; and Las Vegas, NV.
Adidas Faces Steve Madden Lawsuit Over Stripe Design
Steve Madden filed a lawsuit in Brooklyn’s federal court against Adidas, saying it was “tired” of being targeted by Adidas for using elements that bear no resemblance to Adidas’ signature three parallel stripe design.
TSG Consumer Partners Promotes Jessica Duran to COO
The private equity firm, which recently acquired EoS Fitness to add to its CorePower Yoga acquisition in 2017 in the fitness space, promoted Jessica Duran to chief operating officer. She will also continue to serve as CFO.
Target Trading Lower as Retailer Misses Q1 EPS Estimates; Cuts Guidance
Comparable sales decreased 3.8 percent in the first quarter, reflecting a comparable store sales decline of 5.7 percent and comparable digital sales growth of 4.7 percent.
Rally House Opens New Storefront in Blacksburg, Virginia
The sports merchandise and apparel retailer, has opened Rally House Blacksburg, its first store in Virginia, on Main Street, steps from the Virginia Tech campus.
Canada Goose Gets DD Lift from DTC in Q4; Wholesale Falls in the Mid 20s
DTC Revenue increased 15.7 percent (+11.6 percent cc) to CN$314.1 million, said to be driven by DTC comparable sales growth of 6.8 percent and revenue from non-comparable stores.
iFit Inc. Enters Connected Pilates with Reform RX Acquisition
With this acquisition, iFit will integrate Pilates reformers into its lineup of products — offering customers a seamless way to diversify their fitness routines.
The Vitamin Shoppe Completes Sale to Private Equity Groups
As part of the transaction, Sharon Leite, who previously served as CEO of The Vitamin Shoppe from 2018 to 2023, has returned to lead the company as CEO.
Report: Pickleball Courts Top List of Amenities Campgrounds Added in 2024
Pickleball courts overtook Wi-Fi as the most added amenity in 2024. Properties were 29 percent more likely to add pickleball courts in 2024 than any other service, including swimming pools and hot tubs, dog parks, kayaks/canoes, and bicycles.
Burghardt Sporting Goods to Exit Fox Point Location
The Milwaukee-based team dealer and sports retailer said the decision will allow the company to focus on its “thriving” New Berlin location, a larger and more interactive space. Sixth-generation family member, Maggie Burghardt, daughter of owner Brian Burghardt, has joined the company as a sales and marketing associate.
Nike to Cut Jobs in Technology Division
The shake-up follows leadership changes and layoffs that CEO Elliott Hill implemented as part of his turnaround plan to profitability. Muge Dogan, formerly of Amazon.com, Inc., will remain as the company’s chief technology officer.
Five Iron Golf Franchise to Open in Miami
Owned and operated by Peter McCormick, Alex Zega, Matt Csillag, and David Zabinsky, the 29,500-square-foot venue is schedule to open at The Plaza Coral Gables, a mixed-use development in Miami, in Q1 2026.
