SGB Update Sports & Fitness
Academy Sports + Outdoors To Open New Store In Lafayette, IN
Academy Sports + Outdoors reported it will open its first store in Lafayette, LA, on April 21. The approximately 60,000-square-foot store marks the first retail store the company will open in 2023.
Nike Becomes Presenting Sponsor Of MLB’s RBI Program
Nike, Inc. announced a partnership with Major League Baseball as the presenting sponsor of the Reviving Baseball in Inner Cities (RBI) Program, the MLB’s youth initiative to provide baseball and softball playing opportunities for kids living in areas that are underserved.
SFIA: Sporting Goods Industry’s 2022 Growth Boosted By Inflation
The Sports & Fitness Industry Association (SFIA) released its 2023 State of the Industry Report, showing 4.3 percent revenue growth in U.S. wholesale sales of athletic footwear, apparel, sports and fitness equipment, and licensed products in 2022.
Golftec Opens Locations In Dubai And South Africa
Golftec reported it would open two training centers in Dubai and South Africa in the coming months.
PXG Opens Location In Cincinnati
PXG, the golf equipment and apparel manufacturer, opened its first brick-and-mortar store in Ohio.
Study: Global Supply Chain Volatility Falls To Lowest Level Since July 2020
The GEP Global Supply Chain Volatility Index concluded that global supply chains operate more efficiently today, signaling the lowest stress level since July 2020.
F45 Receives NYSE Notice Regarding Delayed Form 10-K Filing
F45 Training Holdings, Inc. reported receiving notice from the New York Stock Exchange (NYSE) that it is not in compliance for failing to file its annual report timely with the Securities and Exchange Commission.
Workout Anytime Continues Expansion
With nearly 200 gyms operating in the U.S., Workout Anytime opened two new locations and signed deals for an additional five in the first quarter.
Nordstrom Adds Former Nike COO To Board
Nordstrom, Inc. appointed Eric Sprunk, former chief operating officer of Nike, Inc., to its Board of Directors, effective immediately.
Nordstrom Appoints Chief Technology And Information Officer
Nordstrom, Inc. hired Jason Morris as chief technology and information officer, effective May 1, overseeing technology functions, including engineering, data science and analytics.
Consumer Confidence Index Improves Modestly
Consumer sentiment in the U.S. improved modestly in early April, as reported in the University of Michigan’s Consumer Confidence Index, rising to 63.5 (preliminary) from 62 index points in March—better than the market expectation of 62.
Tilly’s, Inc. Appoints New Chief Merchant
Tilly’s, Inc. hired Laura Janney as EFP and chief merchandising officer, effective May 8, overseeing the retailer’s buying, sourcing and product development and coordinating consistency in its in-store and online consumer merchandising experience.
Walmart’s Chief Merchandising Officer To Depart
Walmart’s Chief Merchandising Officer, Charles Redfield, is stepping down next month. The announcement came from Walmart’s U.S. CEO, John Furner, in a memo to employees dated April 14.
U.S. Retail Sales Slip 1 Percent Amid High Inflation, Rising Rates
The U.S. Census Bureau reported overall retail sales in March were down 1 percent from February but up 2.9 percent year-over-year. In February, sales were down 0.2 percent month over month but up 5.9 percent year-over-year.
TYR Named Exclusive Outfitter Of USA Swimming National Team
USA Swimming, the national governing body for the sport, and TYR reported expanding its partnership naming Tyr the exclusive outfitter of the National Team and the National Junior Team through December 31, 2024.
