SGB Update Sports & Fitness
Anta Sports Saw Solid Q1 China Retail Sales Growth With Fila Up In High Singles
Anta Sports Products Limited reported that retail sales of Anta-branded products posted mid-single-digit growth in the first quarter compared to the year-ago comparable period.
Pou Sheng Retail Sales Surge 29.8 Percent In March
Pou Sheng International (Holdings) Limited, the China-based retail subsidiary of Yue Yuen Industrial (Holdings) Limited, reported that net consolidated operating revenue for March was RMB 1.73 billion, up 29.8 percent from RMB 1.34 billion in the year-ago comparable month.
Fanatics Expands Retail Partnership With The Cleveland Browns
Fanatics expanded its e-commerce partnership with The Cleveland Browns, establishing the company as the team’s end-to-end omnichannel retail partner.
Puttshack Opens Location In Houston
Puttshack opened its sixth location at The Highlight at Houston Center at 1200 McKinney Street. The new 26,000-square-foot space includes four nine-hole mini golf courses, dining and private event space.
Teamworks Closes $65 Million Series E Funding, Acquires Arms Software
Teamworks announced a Series E funding led by Dragoneer Investment Group, a San Francisco-based investment firm. The athlete engagement platform also announced the acquisition of Arms Software.
Xtep International Sees 20 Percent Retail Sales Growth In First Quarter
The Board of Directors of Xtep International Holdings Limited, which operates retail stores in China for K-Swiss, Palladium, Merrell, and Saucony, in addition to Xtep brand stores, reported that retail sell-through growth in the first quarter, including brick & mortar and online channels, increased approximately 20 percent versus the year-ago comparable period.
Kinona Appoints Co-Founder As New CEO, Names Senior Director Of Marketing
Tami Fujii, co-founder of women’s golf apparel brand Kinona, assumed the role of CEO effective March 1. Co-Founder Dianne Celuch remains chief operating and merchandising officer. Kinona’s director of e-commerce, Kirsten Wlaschin, was promoted to senior director of marketing.
Life Time Fitness To Open Locations In Tampa And Atlanta
Life Time, the upscale fitness club operator, entered into new and extended long-term leases with RMR Group for the Harbour Island Athletic Club in Tampa, FL and Atlanta’s Athletic Club Northeast in North Druid Hills.
PickleTV Streaming On Amazon Prime Video And Freevee
PickleTV, an ad-supported streaming (FAST) television channel dedicated to pro pickleball matches, tutorials, interviews, and original content, is streaming live on Amazon’s Prime Video and Amazon Freevee in the U.S.
Golf Rounds Played Dip In February
Rounds of golf played in February 2023 were down about 3 percent on a national level year-over-year, impacted by storm-related weather activity in California, according to Golf Datatech.
The Basketball League Rolls Out New Super League Format
The Basketball League, which claims to be “the fastest-growing professional sports league in North America,” released details of a new league that positions it outside of markets served by the NBA and NBA G league.
Fanatics Signs Retail Partnership Deal With French Football Federation
Fanatics reported it signed a long-term, omnichannel retail partnership with the French Football Federation to improve its online and in-store shopping experience of the France National Football Team.
CSGA Names New President And CEO
The Canadian Sporting Goods Association (CSGA) hired Bryan Loucks as president and chief executive officer, timed with the Association having completed improvements to its operational platform to increase membership value.
Wahoo Fitness’ Debt Ratings Lowered By Moody’s
Moody’s Investors Service downgraded the debt ratings of Wahoo Fitness to reflect Wahoo’s missed debt service payment due 31 March 2023 and the expiration of the applicable grace period. S&P lowered Wahoo’s debt ratings earlier this month.
Tonal Completes $130 Million Funding Round, Appoints New CEO
Strength and personal training platform Tonal, founded in 2015, completed its latest funding round, raising $130 million through existing investors led by L Catterton, Cobalt, Dragoneer, Kindred Ventures, and THVC.
