SGB Update Sports & Fitness
Foundation Wellness Acquires Currex As Complement To Powerstep Brand
Foundation Wellness has acquired Currex, a leading brand of insoles designed for athletes and active individuals. Currex is a top brand in retail running stores across the U.S. and Germany.
a leading insoles brand designed for athletes and active consumers, and carried in retail running shops across the U.S. and Germany.
Polar Names President Of Polar USA
Polar Electro, the maker of fitness trackers and heart rate monitors, hired Peggy Ang as president of Polar USA in March, overseeing business and brand development.
NRF Economist Reports Q1 Challenges Bringing Inflation Under Control
During the first quarter, slower-but-continued growth in gross domestic product and other economic indicators showed the difficulty of bringing inflation under control, National Retail Federation Chief Economist Jack Kleinhenz said in the May issue of NRF’s Monthly Economic Review.
Association Of Golf Merchandisers Names CEO
The Board of Directors of the Association of Golf Merchandisers (AGM) hired Jennifer Morton as its new CEO, effective immediately.
Topgolf Callaway Sees Q1 Profits Halved On Lower Golf Equipment Sales, FX Rate Impact
Topgolf Callaway Brands Corp. reported better-than-expected financial results for the first quarter, finishing the quarter ahead of plan. First quarter net revenues grew 12.2 percent, or 15.1 percent on a constant-currency basis, to $1.17 billion. Overall net income decreased 53.2 percent, or $37.7 million on a non-GAAP basis, to $33.2 million in the quarter
Nike Adds Board Member
Nike Inc. appointed Maria Henry, formerly at Kimberly-Clark Corporation, to its Board of Directors.
NSAA: Ski Area Visits Grow 6.6 Percent In 2022/23 Season; Rockies Led With Nearly 28M Visits
Preliminary numbers from the National Ski Areas Association (NSAA) indicate record visitation at U.S. ski areas for the 2022-23 season, with a total of 64.7 million skier visits, a 6.6 percent increase over the previous season.
Life Time Completes Term Loan B Refinancing
Life Time Group Holdings, Inc. has refinanced its $274 million Term Loan B facility. In addition to extending the maturity to January 15, 2026, the company increased the facility to $310 million due to strong demand.
Blain’s Farm & Fleet Opens New Store In Rhinelander, WI
Blain’s Farm & Fleet announced it is opening its 45th store in Rhinelander, WI on May 11.
JD Sports To Acquire France’s Groupe Courir; Moves to Simplify JD Brand Subsidiaries
JD Sports Fashion Plc intends to take its first acquisitive steps in fulfilling the growth ambitions, as set out at the Capital Markets Event in February this year. Additionally, the Group is reviewing options to simplify the shareholdings in a number of its subsidiary businesses across Europe
Under Armour Swings To Fiscal Q4 Profit On Footwear Growth; Inventory Up 44 Percent
Under Armour reported that revenue for the fiscal fourth quarter was up 7.5 percent to $1.40 billion (+10 percent currency-neutral) in the period ended March 31. Net income was $170.5 million for the quarter, compared to a loss of $59.6 million in the prior-year quarter.
Golf Rounds Played Slide In March
Rounds of golf played in March 2023 were down about 2.3 percent in March on a national level year-over-year and are now down 0.2 percent for the year, according to Golf Datatech.
NRF Expects 2023 Imports To Remain Below 2022 Most Of Year
Import cargo volume at the nation’s major container ports is climbing back from a nearly three-year low in February but is expected to remain well below last year’s levels heading into this fall, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Beachbody Company Narrows Q1 Loss Despite Sharp Revenue Decline
The Beachbody Company, Inc. reported that total revenue in the first quarter fell 27.1 percent to $144.9 million compared to $198.9 million in the prior-year period. The company’s net loss narrowed considerably at $29.2 million compared to a net loss of $73.5 million in the prior-year period.
Outdoor Cap Hires New Rep For Hawaii And Nevada
Outdoor Cap hired Quinn Bui as its new rep for Hawaii and Nevada. With ten years of experience in the promotional product industry.
