SGB Update Sports & Fitness

Sporting Goods Industry Mourns the Passing of Jim Easton

Jim Easton, the second-generation owner of the Easton sports equipment companies and a pioneer in aluminum-based manufacturing processes used in sports equipment, died at his home in Los Angeles on December 4 at the age of 88.

Topgolf Callaway Brands’ Debt Rating Revised to Negative

S&P Global Ratings revised its debt rating outlook on Topgolf Callaway Brands Corp. to negative from stable due to its recent report of weaker-than-expected performance for the third quarter despite maintaining relatively consistent S&P Global Ratings-adjusted EBITDA margins.

Gaia Appoints New CEO

Yoga-streaming company Gaia, Inc. appointed James Colquhoun as chief executive officer. Colquhoun has worked as the company’s chief operating officer since June 2023.

G-III Apparel Group Raises EPS Guidance on Q3 Beat

G-III Apparel Group, Ltd. raised its earnings guidance for the year after EPS in the third quarter ended October 31 came in well above plan, boosted by strength at wholesale channels. Sales eased 1 percent in the period.

Xponential Fitness To Acquire Lindora

Under the transaction terms, Lindora’s 31 clinics will become Xponential franchise locations, Xponential will acquire all of Lindora’s intellectual property and franchise the brand globally.

VF, Vista Outdoor, Wolverine Worldwide Top Most-Read SGB Articles for November

November 2023 featured to usual articles for the start of the holiday shopping season and the end of the retail fiscal quarter, but it was a dramatic job cutting announcement from VF Corporation, parent of The North Face, Vans, Timberland, Dickies and Jansport that got the most attention over the 30-day period.

Consumer Confidence Rebounds in November

U.S. consumer confidence rose in November after three straight monthly declines, with U.S. consumers planning big-ticket purchases, including motor vehicles and houses, over the next six months despite higher prices and interest rates.

Vista Outdoor Appoints Co-CEOs Ahead of Split

As part of the previously announced plan to sell its ammo business to Czechoslovak Group and change the company’s name to Revelyst, Vista Outdoor, Inc. named Eric Nyman and Jason Vanderbrink as co-chief executive officers in a regulatory filing.