SGB Update Sports & Fitness
Kitzuma Temporarily Suspends Delivery Service
Kitzuma Cycling Logistics suspended its delivery service for the fall and winter and laid off most of its drivers due to slowing demand for its door-to-door bike shipping business.
Vittoria Industries To Move North America Headquarters To Bentonville
Vittoria Industries North America is moving its headquarters from Oklahoma City to Bentonville, AK taking space in the Ledger, a new six-story building downtown, providing employees with a bike-friendly facility. The move is expected to take place in December 2022.
Big 5’s Q3 Earnings Arrive Near Top Of Guidance
Big 5 Sporting Goods Corp., as expected, reported sales and earnings in the third quarter came in below year-ago levels, but earnings arrived at the higher end of guidance, and sales exceeded pre-pandemic 2019 levels. Fourth-quarter same-store sales are projected to decrease in the high single-digit to low double-digit range.
Wilson To End Partnership With USPTA
The United States Professional Tennis Association, Inc. (USPTA) announced that after seven years, Wilson Sporting Goods has moved away from its endorsement partnership—providing racquets, balls, strings, and other equipment to its members and programs.
US Sports Camps Hires SVP Tennis & Pickleball
US Sports Camps (USSC), the official provider of Nike Sports Camps, announced the addition of Mike Nakajima as the new senior VP of tennis/pickleball. He was formerly Nike’s tennis sports marketing director.
Vittoria Group Hires Managing Director For North America
Vittoria Group, the Italian bicycle tire manufacturer, hired Karim Pine as managing director for North America. Pine succeeds Glenn Lee, who now heads up its newly formed global accessories business unit, North America.
Academy Sports Opens Store In Houston
Academy Sports + Outdoors opened a store in Meyerland, TX, its 33rd store in the Houston area, and its 107th store in Texas.
REI Names VP, Financial Planning And Analysis
REI Co-op hired Patrick Fell as vice president, financial planning and analysis, effective November 7. Most recently, he was vice president of finance at StockX.
Pou Sheng Issues Profit Warning
Pou Sheng, the retail subsidiary of Yue Yuen, forecasted a decline in year-over-year net profits due to weak consumer sentiment in China associated with COVID-19 lockdowns and lower store traffic in cities where it operates.
Nike Opens Store In Harlem
Nike opened a Nike Unite store in Harlem. Located on 125th Street, this is Nike’s northernmost Manhattan location.
Garmin Wins Patent Lawsuit Over Smartwatch Technology
Garmin International, Inc., a subsidiary of Garmin, Ltd., won its patent lawsuit brought by Logantree LP against Garmin in Kansas federal court.
Xterra Hires EMEA General Manager
Xterra hired Doug Hall to the newly created position as general manager of the EMEA region, to focus on brand expansion, quality control and business operations.
Thule’s Q3 Sales Drop 23 Percent
Thule reported a sharp decline in earnings on a 23 percent revenue decline in the third quarter due to weakness in the bike channel.
Golftec Opens Location In Little Rock
Golftec opened an instruction and club fitting center in Little Rock, AR, its first location in the state.
Recall: Horizon T101-05 Treadmills
About 192,000 Horizon T101-05 Treadmills sold in the U.S. have been recalled for unexpectedly accelerating, changing speed or stopping without user input, posing a fall hazard.
