SGB Update Sports & Fitness
Spartan Fitness Holdings Secures Investor
Spartan Fitness Holdings, the largest franchise owner in the Club Pilates system, received an investment of over $30 million from Snapdragon Capital Partners, a founding investor in Xponential Fitness.
Hotlines Establishes U.S. Distribution To Support Bike Channel
Hotlines, the B2B distributor owned by Signa Sports United North America, launched in North America, with its headquarters in Park City, UT, to serve the U.S. bike market by offering a wide range of Nukeproof products.
NRF: Imports Climbing But Below Pandemic Peaks
Import cargo volume at the nation’s major container ports should climb steadily through the summer but will remain below record-setting levels seen during most of the pandemic, according to the Global Port Tracker report* released by the National Retail Federation (NRF) and Hackett Associates.
Ports Of Los Angeles And Long Beach Temporarily Shut Down
The Ports of Los Angeles and Long Beach were back in operation Saturday after a worker shortage shut down the largest U.S. port complex for the better part of two days.
Walmart Partners On Pickleball Initiative
Walmart partnered with the racquet sports booking platform, Break the Love, offering for free 125,000 reservations for customers and employees to book pickleball playtime at venues nationwide.
Gordon Brothers Commences Sale Of Shoe City Store Leases And GOB Sales
Gordon Brothers is selling its retail leases and operating going-out-of-business sales at all 39 retail store locations of Esco, Ltd., operating as Shoe City, throughout Maryland, Virginia, and Washington, D.C.
BRC: March UK Retail Foot Traffic Up 6.8 Percent But Lags February Rate
The British Retail Consortium (BRC) is reporting that total U.K. footfall (retail foot traffic), as measured by BRC-Sensormatic IQ data, increased by 6.8 percent in March year-over-year (YoY), 3.6 percentage points worse than February and worse than the 3-month average increase of 9.5 percent.
NRF: Full Effect Of The Fed’s Monetary Tightening Has Not Shown Up
The National Retail Federation’s (NRF) Chief Economist, Jack Kleinhenz, believes its recently-published 2023 retail sales forecast was one of the most difficult written to date.
Nike Opens Rise Store In Bellevue, WA
Nike, Inc. opened a Nike Rise store in the Bellevue Square Mall in Bellevue, WA. The 8,800-square-foot space is the second Rise store in the U.S. after Nike Aventura in Miami, FL.
Titleist, Footjoy Parent Names New CFO
Acushnet Holdings Corp., the parent of Titleist and Footjoy, has named Sean Sullivan as executive vice president and chief financial officer.
Stephen Curry Earns $75M Stock Grant Under New Under Armour Contract
Under Armour, Inc., according to a regulatory filing, awarded Golden State Warriors star guard Stephen Curry restricted stock units for 8.82 million shares of its Class C common stock as part of his new long-term contract with the company.
IHRSA Trade Show Sees Jump In Participants
IHRSA reported that its 2023 Convention and Trade Show held in San Diego, CA from March 20 to 22 drew 8,500 participants, up from about 6,000 attendees to its 2002 show, the first since the pandemic, held in Miami Beach, FL.
EoS Fitness Acquires Houston Fitness Chain
EoS Fitness increased its Texas presence bringing its national footprint to 75 open gyms with the acquisition of Houston-based Texans Fit, a five-gym chain founded by the Houston Texans and fitness company M6 Football.
Mastercard: March Retail Sales Up 4.7 Percent, Driven By Growth In Service Sector And Grocery
According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales, excluding automotive, were up 4.7 percent year-over-year in March.
Ermenegildo Zegna Swings To 2022 Profit On Double-Digit Sales Growth
Ermenegildo Zegna N.V. reported that revenues for 2022 were €1.49 billion, up 15.5 percent year-over-year. Excluding the Greater China Region, which was affected by COVID-19-related restrictions throughout 2022, mainly from mid-March to the end of May and then again in the fourth quarter, 2022 revenues were up 42 percent year-over-year.
