SGB Update Sports & Fitness
New Balance To Expand Operations At Skowhegan Plant
New Balance announced plans to invest $65 million in construction and capital equipment to double its production capacity to one million pairs of shoes at its factory in Skowhegan, ME.
November Retail Sales Dip 0.6 Percent
U.S. retail sales fell 0.6 percent in November from October but were up 6.5 percent year-over-year, the Department of Commerce reported. That compares with increases of 1.3 percent month over month and 8.3 percent year-over-year in October, which got a boost from earlier-than-usual holiday shopping driven by concerns that inflation would continue to increase prices.
Fleet Feet Plans To Open A Second Store In Pittsburgh
Fleet Feet is planning to open a second store in Pittsburgh in the near future. Look for more news next week on details once the store is open.
HLC Expands Sales Rep Coverage
HLC, the U.S. sales agent for Marin Bikes, hired seven outside market development reps to support its brands, IBDs and the cycling community.
PlayOn! Sports Names President And COO
PlayOn! Sports hired former Turner Sports COO Matt Hong as president and chief operating officer. In this newly created role, Hong will oversee day-to-day operations.
Rally House To Open Store In Iowa
Rally House plans to open a store in Ames, IA, home of the Iowa State Cyclones.
Genefit Adds To Sales Team
Genefit, a subsidiary of 3X4 Genetics, hired Daniel Guzman as head of enterprise sales and Tom Jobe as an enterprise sales lead.
Golftec Opens Location Outside Of Dallas
Golftec opened an instruction and club fitting center in Allen, TX. The 2,743-square-foot space at 977 TX-121 features five indoor bays powered by TecSwing using launch monitors from Foresight Sports for lessons, club fittings and practice.
Bentonville Becomes Headquarters For U.S. National Mountain Bike Team
USA Cycling reported that Bentonville, AR, was selected as the official training site for the U.S. National Mountain Biking Team.
Topgolf Makes Promotions To Leadership Team
Topgolf, owned by Topgolf Callaway Brands Corp., promoted several employees on its executive team.
NRF Study Forecasts More Than $816 Billion In Holiday Returns
Consumers are expected to return more than $816 billion worth of retail merchandise purchased in 2022, according to a retail report released by the National Retail Federation (NRF) and Appriss Retail. As retail sales continue to grow, the average rate of return has remained flat at 16.5 percent compared with 16.6 percent in 2021.
Gympass Adds 24 Hour Fitness To Platform
Gympass reported it added 24 Hour Fitness to its platform and recently partnered with Thrive Global, Stronger U Nutrition and Sleep Cycle.
UCAN Names New CEO
The UCAN Company, the nutrition brand, hired Elena Sukacheva as chief executive officer. Sukacheva will also serve on the company’s Board of Directors.
TravisMathew Announces Hires For European Office
TravisMathew, the manufacturer of lifestyle and performance apparel, hired Matt Freeland and Matt Cox as general manager, EMEA and strategic key account manager EMEA, respectively, headquartered in its newly-created European office.
Dunham’s Sports To Open Stores In Wisconsin And Nebraska
Dunham’s Sports is opening stores on December 16 in Manitowoc, WI and North Platte, NB.
