SGB Update Sports & Fitness
Report: U.S. November Online Sales Up 9.8 Percent; SG Segment Down 1.4 Percent
November’s Core Retail Sales – as defined by NRF — based on the Census data but excluding automobile dealers, gasoline stations and restaurants — were up 0.4 percent seasonally-adjusted m/m and up 3.8 percent unadjusted y/y.
Report: Resale Spending Trend Outpacing Traditional Retail
The findings collected by Consumer Edge show resale spending outpaced traditional retail in 2024, driven by budget-conscious consumers and an increased focus on sustainability amid an uncertain economic environment.
Pvolve Inks Deal to Open First Studio in Greater Kansas City
The deal reportedly marks Pvolve’s debut in Kansas and adds to the brand’s rapid growth, now boasting over 50 studios in development across the U.S.
Report: Over 157M Consumers Plan to Shop on Super Saturday, with Almost Half Online
The NRF suggests that with only four days between Super Saturday and December 25, shoppers will likely embrace multiple channels as they wrap up their holiday shopping; however, e-commerce appears to be the top destination with 49 percent of respondents going online.
Life Time Continues Expansion in Atlanta with Club in North Druid Hills
Life Time North Druid Hills in Atlanta, GA, opened on Monday, December 16. The new location marks the eighth in Atlanta and the first in DeKalb County for Life Time.
Rusty Saunders Passes Away After 60 Years in SG Industry
Rusty Saunders had a successful 60-plus-year career in the sporting goods industry, having worked in retail, manufacturing and sales. He was inducted into the NSGA Hall of Fame in 2013. Saunders passed away on December 8 at age 88.
Costco Says Consumer is Healthy as it Reports 7.5 Percent Q1 Sales Growth
The commentary surrounding the fiscal 2025 first quarter results for Costco Wholesale Corporation ranged from “mixed” to “beats” to “strong” on Thursday, December 12 after the retail warehouse giant posted its operating results for the twelve weeks ended November 24.
Troon Acquires The Club at Cordillera in Colorado
The Club at Cordillera is one of the largest exclusive golf communities in North America, encompassing over 7,000 acres in the heart of Colorado’s Vail Valley, 120 miles west of Denver.
True Linkswear Names Vice President of Sales
The Pacific Northwest-based golf footwear company has hired Adam Minnich to implement a sales team representing the brand across the U.S. and into more retail shops nationwide.
Garmin Releases 2024 Report Detailing User Health & Wellness Metrics
The company reported that detailed health and wellness stats and fitness-driven data from its Connect community show that 2024 was another active year.
Newton Golf Parent Prices Upsized $8.4 Million Underwritten Public Offering
The public offering price per Common Unit is $1.20 (or $1.199 for each Pre-Funded Unit, which is equal to the public offering price per Common Unit to be sold in the offering minus an exercise price of $0.001 per Pre-Funded Warrant).
John Ashworth Returns to Lead Ashworth Golf Company
A California native and third-generation avid golfer, Ashworth returns to the company as creative directory.
Onelife Fitness to Open in Annapolis
The new facility will feature a 54,000-square-foot sports club with an indoor saltwater pool, strength training areas, group fitness classes, personal training and stretch services, a recovery studio, and other fitness club-based amenities.
Nordstrom to Open New Rack Store in Lubbock, TX
The 30,000-square-foot store will be located in West End Center, which includes Costco, Nike Factory Outlet, Bass Pro Shops, World Market, and Marshalls/HomeGoods, among others. Graco Real Estate Development owns and manages the West End Center in Lubbock, TX.
PickleRage at Avenues Walk to Host Grand Opening
The Jacksonville, FL club, will host events timed with the grand opening from January 3-4, 2025, which will include a ribbon-cutting hosted by the Jacksonville Chamber of Commerce.
