SGB Update Sports & Fitness
January U.S. Retail Sales Rebound; Sporting Goods Up 6.9 Percent
U.S. retail sales jumped a seasonally adjusted 3 percent in January from December, the largest monthly increase in nearly two years after declines in the final two months of last year, the Commerce Department said Wednesday.
Fleet Feet Store Opens In Harrisburg
Fleet Feet opened its second location in central Pennsylvania this past week in Harrisburg, PA.
DMSE Sports Hires Communications Coordinator
DMSE Sports hired Kaite Morgan as the communications coordinator for the brand.
F45 Training Secures New Financing, Revises Board Structure
F45 Training Holdings, Inc. reported closing a new $90 million subordinated debt facility provided by a consortium of existing investors led by affiliates of Kennedy Lewis Management LP to improve the company’s balance sheet and liquidity.
Topgolf Breaks Ground On New Venue In Lafayette
Topgolf broke ground on a two-story venue in the Acadiana region of Southern Louisiana with a planned opening in late 2023.
Bass Pro Ramps Up Expansion With Plans For Three Openings
Bass Pro Shops reported plans to open three stores in Spring, TX; Niles, OH; and Clifton Park, NY.
Alo Yoga To Open First Store In Philadelphia
Alo Yoga, the Los Angeles-based athleisure brand, is opening a store at 1608 Walnut Street in Philadelphia.
Onelife Fitness Expands In Virginia
US Fitness Holdings, LLC is expanding its Onelife Fitness brand to Hampton, VA.
Oboz, Rip Curl Parent Sees Strong Double-Digit Growth In Fiscal H1
KMD Brands Limited, the New Zealand-based parent company to the Kathmandu, Oboz and Rip Curl brands, reported that sales momentum has continued into its fiscal second quarter ended January 31, resulting in “record first-half sales.”
Motocaddy Hires President & GM For Americas Region
Motocaddy hired Mark Kuryak as president and general manager in the Americas to drive sales and awareness of the electric golf caddy brand across both continents.
Adidas Hires VP Of Basketball Footwear
Adidas hired Nathan VanHook as VP of design for its basketball division.
Strava Seeks New CEO As Horvath Steps Aside Again
Strava is looking for a new CEO after Co-Founder and CEO Michael Horvath called it quits, again. This is the second time for Horvath after walking away as CEO in 2013 for family reasons before returning to lead the company six years later.
Under Armour Debt Rating Outlook Lowered
S&P Global Ratings revised its outlook on the debt ratings of Under Armour to stable from positive as the company’s operating performance has weakened, leading S&P to expect soft demand and margin pressure to last longer than previously anticipated.
Fitbench Adds Two Key Hires To Sales Team
Fitbench added two sales leaders to its team—Mike Meluch, director of sales and national accounts, and Matt Hennessey, national dealer sales manager responsible for commercial and consumer sales.
Report: Online Prices Fall For Fifth Consecutive Month
According to data from Adobe’s Digital Price Index, online prices in January 2023 fell 1 percent year-over-year, the fifth consecutive month of year-over-year declines. Half of the 18 categories tracked by Adobe saw falling prices year-over-year.
