SGB Update Sports & Fitness
Wahoo Fitness’ Debt Ratings Lowered On Potential Default
S&P Global Ratings lowered its debt ratings on Wahoo Fitness Acquisition, LLC on its expectation that the U.S.-based fitness technology company would pursue a debt restructuring or distressed exchange over the next six months due to a liquidity shortfall.
TaylorMade And Tiger Backing New Golf Entertainment Company
TaylorMade Golf made a “material investment” in PopStroke, a putting and dining venue backed by Tiger Woods.
PXG Opens First New York-Based Retail And Fitting Store
PXG opened its first New York-based retail store in Westchester.
Srixon/Cleveland Golf Partners With Arccos Golf
Srixon and Cleveland Golf reported a new partnership with Arccos, the maker of automatic shot tracking, data and artificial intelligence for golf.
Study: Section 301 Tariffs Hurt American Consumers and U.S. Businesses Most
The American Apparel & Footwear Association, the Footwear Retailers & Distributors of America, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association released a study that calls out the detrimental economic impacts of Section 301 tariffs.
Peloton Hires Chief Marketing Officer
Peloton named Leslie Berland as chief marketing officer effective January 18, 2023.
Big 5 Posts Double-Digit Comp Decline in Q4, Guides EPS Lower
Big 5 Sporting Goods Corp. said sales in the fourth quarter ended January 1 came in slightly lower than expectations and the retailer expects earnings for the period to come at or near the low end of its prior guidance range.
NRF Promotes From Within For Foundation Executive Director
The National Retail Federation promoted Adam Lukoskie to executive director of the NRF Foundation. He had been the Foundation’s vice president.
Score Sports Adds Board Member
Score Sports, a maker of youth team sports uniforms and equipment based in Wilmington, CA, appointed FIFA World Cup champion and two-time Olympic gold medalist Abby Wambach to its Board of Directors.
Authentic Brands Group Partners With Allen Iverson
Authentic Brands Group (ABG) formed a partnership with Allen Iverson, the legendary guard from the Philadelphia 76ers and long-time Reebok sponsor. ABG acquired Reebok in February 2022.
Report: U.S. Discretionary Retail Spending Dips In 2022
The NPD Group is reporting that total unit sales of U.S. discretionary general merchandise in 2022 were 7 percent lower than the prior year, and sales revenue fell 2 percent.
Galway Bay Enters Retail Space Through Repspark
Galway Bay, the manufacturer of rainwear for the golf industry, has entered the retail market through the digital commerce platform RepSpark.
Report: Tennis Participation Adds One Million To Roster
The USTA reported that U.S. tennis participation grew by one million players in 2022, with more than 23.6 million playing the sport for the third consecutive year that the sport has seen an increase.
361 Degrees Sees Flat Growth In Fourth Quarter
361 Degrees International, Ltd. reported retail sales of 361º core-branded product for the fourth quarter of 2022 with roughly flat growth compared to the same period of 2021.
Lululemon Hires Chief Merchandising Officer
Lululemon named Elizabeth Binder as chief merchandising officer, reporting to Sun Choe, chief product officer.
