SGB Update Sports & Fitness
Survey: Gen Z Still Prefers Nike, Chick-Fil-A and Goldfish; Off-Price Gets More Attention
Investment bank Piper Sandler Companies completed its 45th semi-annual Taking Stock With Teens survey in partnership with Deca. The Piper Sandler survey highlights discretionary spending trends and brand preferences from 5,690 teens across 47 U.S. states with an average age of 16.2 years.
Chums Adds To Team Of Independent Sales Reps
Chums continues to focus on growing its specialty retail business, expanding its rep force to include Rocky Mountain Rep Group, Rep Monsters and independent sales rep Allen Breeding.
Hydrow Adds Board Director, Hires SVP Of Marketing And Sales
Hydrow appointed Laura Lang to its board of directors, and Diana Cino was named senior vice president of marketing and sales.
KT Tape Rebrands To KT
KT Tape has shortened its name to KT as part of a rebrand that features a new logo, visual identity, packaging, website, and the launch of its brand campaign, “Crush Every Moment.”
Marucci Sports Acquires Baum Bat
Marucci Sports, LLC, a subsidiary of Compass Diversified, acquired Baum Enterprises, LLC, a designer and manufacturer of composite wood bats. Terms were not disclosed.
Open Cycle Recalls Certain Branded Bikes And Framesets
Open Cycle AG recalled Open Cycle-branded bicycles, models U.P. Ekar, Upper Ekar, Wide Ekar, Mind Ekar, and all Open Cycle framesets using a Campagnolo hydraulic rear disc brake. The rear brake could fail, posing a crash hazard.
Cannondale Recalls Tesoro Neo X Speed E-Bikes
Cycling Sports Group recalled certain Cannondale Tesoro Neo X Speed e-bikes in cooperation with the U.S. Consumer Product Safety Commission. The hand brakes do not meet U.S. safety standards—they do meet European safety standards, but those are reversed from the U.S. safety standards, posing fall and injury hazards to the riders.
PXG Opens Location In Kansas City
PXG opened its first Kansas City-based retail and fitting studio in Overland Park.
Stretch Zone Secures Equity Partner
Stretch Zone, recently surpassing 250 locations, received an investment from Princeton Equity Group to support the expansion of its national footprint and client growth.
Gared Holdings Announces New CEO And Promotion
Gared Holdings, LLC hired Marcus Johnson as chief executive officer succeeding Kevin Hinkamper, effective immediately. Don Carle was promoted to chief revenue officer of Gared Holdings and president of Gared, Gared International and PSS divisions of Gared Holdings.
Blizzard-Tecnica Hires Business Unit Director For North America
Blizzard-Tecnica hired ski industry veteran Topher Plimpton as the business unit director for North America for the U.S. and Canadian markets.
Sportstats World Acquired By Investment Group Led By Employee
Sportstats World completed its internal sale to an investment group led by the Director of Operations and lead timer A.J. Mousseau and Grand Rapids, MI, based Carbon River Capital.
Nutritional Products International Names President
Nutritional Products International hired Joseph Mies, the founder of Muscle Foods USA, as president.
IHRSA Responds To FTC Membership Rule Proposal
In a statement, Liz Clark, IHRSA president and CEO, criticized the Federal Trade Commission’s (FTC) proposal dealing with cancellation methods for specific services and memberships.
USTA Launches USTA Connect
The U.S. Tennis Association (USTA) launched USTA Connect, an initiative to connect key members of the U.S. tennis industry to increase industry collaboration and provide insights and services.
