SGB Update Sports & Fitness
Fossil Group Adds Former Adidas and Salomon Execs to Leadership Team
Fossil Group, Inc. appointed Joe Martin, formerly SVP of Wholesale, Team Services and Omni Operations and Marketplace, North America, at Adidas, and Antonio Carriero, previously chief digital and information officer at Salomon, to its executive team.
Mizuno USA Hit by Cyber Attack
Mizuno USA, a subsidiary of Mizuno Corporation based in Peachtree Corners, GA, confirmed in Data Breach Notification letters that unknown hackers stole files from its network between August and October 2024.
Baltimore’s Princeton Sports to Close After Nearly 90 Years
Baltimore’s Princeton Sports announced that after nearly 90 years in business, it will be closing as Co-owners and Brothers Paul and Alan Davis plan to retire.
Costco Comps Grow 9.8 Percent in January Ex-Fuel
Costco Wholesale Corporation reported net sales of $19.51 billion for the retail month of January, an increase of 9.2 percent from $17.87 billion last year.
Repreve Maker Unifi Inc. Narrows Fiscal Q2 Loss on Weak Sales Growth
The maker of Repreve recycled and synthetic yarn reported second fiscal quarter sales ended December 29, 2024 were $138.9 million, an increase of 1.4 percent from the second quarter of fiscal 2024, primarily driven by higher sales volumes.
Peloton Raises Profit Outlook on Improved Holiday Quarter
Peloton Interactive raised its earnings guidance for its fiscal year ending June 2025 after seeing a strong recovery in earnings on an adjusted basis for the holiday quarter on better-than-expected sales. Revenues in its December quarter were down 6.1 percent.
Under Armour Shares Rise After Q3 Beat on Estimates; Raises Fiscal 2025 Outlook
Under Armour Inc. raised its sales and EPS guidance for its fiscal year ended March 31 after third-quarter results topped expectations. Sales were down 6 percent in the third quarter with an 8 percent decline in the North America region.
Brooks Running Posts 9 Percent Growth In 2024
Brooks Running reported sales were up 9 percent in 2024, fueled by growth in every region and channel. The performance marked eight consecutive years of growth for the brand, delivering a 13 percent compound annual growth rate over that horizon.
Sports Facilities Companies to Open or Break Ground on 12 Facilities Nationwide in 2025
SFC’s new projects for 2025 are expected to drive economic impact and community growth nationwide through youth and amateur venues.
Crunch Franchise to Open Crunch Facility in Windcrest, Texas
Tony Hartl, founder of The Undefeated Tribe and Crunch franchisee, plans to open Crunch San Antonio Windcrest in Windcrest, TX, this Fall. This will be Hartl’s fifth Crunch gym in the San Antonio area, with 11 more in the planning.
BSN Sports Parent Appoints Two C-Suite Leaders to Executive Team
Javier Idrovo was named chief financial officer and Jim Baldwin as chief legal and compliance officer. They succeed John Hutchison and Burton Brillhart, who recently announced their retirement from the company.
Pickleball Kingdom Franchise to Open in Memphis, TN
The location 42,300-square-foot space will be led by franchisees Bappa Mukherji, Anjali Mukherji Doria and Jake Doria, and located in Southeast Memphis near Germantown.
Fleet Feet Franchisees Acquire Flying Feet Sports Shoes in York, PA
With stores in Mechanicsburg and Harrisburg, PA, this marks the third Fleet Feet store location owned and operated by Shelby and Fred Joslyn.
Fleet Feet Concord Opens in North Carolina
Mark and Kristin Harris’ Concord, NC store, in the Christenbury Village, is the second for them, as they also own a Fleet Feet store in Huntersville, NC.
Archive Raises $30M Series B Funding to Expand Resale Intelligence Software
Archive said it has launched new partnerships with New Balance, Fjällräven and Dr. Martens, among others, in addition to expanding existing resale programs with The North Face, DVF, Faherty, and M.M.LaFleur.
