SGB Update Sports & Fitness
Crunch Fitness Names Four To Top Leadership Roles
Crunch Fitness hired Molly Long as chief experience officer, promoted Chad Waetzig to chief marketing officer, Tim Welsh was promoted to chief development officer, and Pam Brown was hired as VP, head of people and culture.
Hibbett Rolls Out Returns Service
Hibbett, Inc. added Happy Returns’ Return Bars in its more than 1,100 Hibbett and City Gear specialty stores nationwide. Through the service, customers can make returns from hundreds of online retailers at Hibbett and City Gear stores in 36 states.
Burlington Stores Sees Improving Trend Despite Q4 Comp Sales Dip
Burlington Stores, Inc. reported total sales for the fiscal fourth quarter increased 5 percent to $2.74 billion and comparable store sales decreased 2 percent for the period ended January 28, 2023, compared to the fourth quarter of Fiscal 2021.
Vuori To Open Store In Mall Of America
Vuori plans to open a store at the Mall of America in Bloomington, marking its first store in Minnesota.
The Buckle Posts 6.9 Percent Comp Store Sales Decline In February
The Buckle, Inc. saw comparable store net sales decrease 6.9 percent for the 4-week fiscal period ended February 25, compared from comparable store net sales for the 4-week period ended February 26, 2022.
Life Time Signs New Sale-Leaseback Letter Of Intent For $45 Million
Life Time Group Holdings, Inc. entered into a non-binding letter of intent for the sale-leaseback of one property in a transaction totaling approximately $45 million in gross proceeds.
Topgolf To Open Location In Pompano Beach
Topgolf reported it is in construction on a three-level venue in Pompano Beach, FL, that it expects to open in late 2023.
Professional Pickleball Registry Reaches 5,000-Member Milestone
The Professional Pickleball Registry, the global organization of pickleball teaching professionals, reached a landmark of 5,000 members, paralleling the fast growth of the sport.
Equinox’s Debt Ratings Lowered
S&P Global Ratings downgraded the debt ratings of Equinox Holdings, Inc. after the New York-based fitness club operator closed on an amendment to its first-lien credit agreement.
Compass Diversified Posts Q4 Loss Despite Mid-Single-Digit Growth
Compass Diversified (CODI), which owns Velocity Outdoor, BOA, Marucci, Primaloft, 5.11 and others in the active lifestyle space, reported net sales in the fourth quarter of 2022 were $594.9 million, up 6 percent (+4 percent on a pro forma basis).
Play It Again Sports Parent Sees Slight Q4 Earnings Decline
Winmark Corporation, the parent of Play It Again Sports, reported net income declined slightly in the fourth quarter and year.
Peloton Names Chief People Officer
Peloton hired Dalana Brand as chief people officer, effective March 13, reporting to CEO Barry McCarthy, based in New York City. She will also lead the company’s global people team.
Titleist, Footjoy Parent Swings To Q4 EBITDA Profit On Double-Digit U.S. Growth
Acushnet Holdings Corp., parent company of the Titleist and Footjoy brands, reported that consolidated net sales for Q4 increased 6.4 percent, or 14.3 percent on a constant-currency basis. Adjusted EBITDA was $25.4 million, compared to a loss of $5.0 million in the prior-year quarter.
Puma Posts Record Results, Provides Subdued Outlook For 2023
Puma reported record sales and earnings before interest and taxes in 2022 but warned that profits would likely fall as high-interest rates and inflation weigh on consumer spending.
BSN Sports, Under Armour Partner With Ohio’s Lima Central Catholic High School
BSN Sports and Under Armour entered into a partnership agreement with the Lima Central Catholic High School in Lima, OH, to provide uniforms and apparel through its co-sponsored Women of Will program.
