SGB Update Sports & Fitness
Movement Climbing Yoga & Fitness Taps Co-Founder of Movement Legacy Brand as New CEO
Original Co-Founder and CEO Anne-Worley Moelter returns as CEO of Movement Climbing Yoga and Fitness, effective immediately. Moelter has been a climbing industry veteran for almost 25 years.
PickleRage Entering Alabama with New Mobile Location in Early 2025
Jonathan Keith and Mark Howard, franchise owners of the new Mobile location and longtime business partners in the real estate space, said they are eager to bring a first-class pickleball facility and experience to their local community.
Topgolf Breaks Ground on New Panama City Beach Location
The two-level venue located along Florida’s Emerald Coast in Panama City Beach. Set to open in summer 2025, it will be Topgolf’s 10th venue in the state.
Academy Sports and Outdoors Cuts Guidance After Dismal Q2 Results
Sales for the second quarter were said to be more challenging than expected, impacted by a tough economy, a temporary DC backlog related to going live with a new warehouse management system and by a very active storm season across key portions of the retailer’s footprint.
SMBGolf Acquires IGDB, Enhances Data Accuracy
The company remarked that this “is a pivotal moment for SMBGolf and Apparation as they merge resources and expertise to create a more valuable golf course and people database for the golf industry.”
Under Armour Cuts Guidance on Expanded Restructuring Cost Expectations
The company has identified approx. $70 million of additional charges, largely related to the decision to exit one of its primary distribution facilities located in Rialto, CA on top of the $70 million to $90 million already planned in connection with its Fiscal 2025 restructuring plan.
Are We Headed for More Inventory Overhang as Retailers Bring Goods in Early?
If the forecasts prove correct, 2024 will have seen a seven-month stretch of import levels at or above 2 million TEU, the longest since a 19-month stretch through September 2022, as retailers pull shipments forward for fear of a port strike.
FIFA Opens New Office in Miami Ahead of World Cup 2026
FIFA has opened its new Legal and Compliance Division office based in Miami, FL, underscoring the organization’s expanding global footprint ahead of the FIFA World Cup 26 in North America and Mexico.
Newton Golf Appoints Chief Financial Officer
Doug Samuelson replaces former CFO Steve Handy. He reportedly brings significant SEC reporting experience, Sarbanes Oxley compliance experience and over ten years of experience in public accounting.
Crunch Fitness Plans New Fitness Facility in Florissant, MO
The $5 million, 40,000-square-foot Crunch Florissant will be managed by the locally owned and operated Crunch Fitness franchisee, The Undefeated Tribe. The new gym will be in a former Gold’s Gym in the Florissant Market Place next to Schnucks.
Rally House Open Fourth Colorado Location
The new store in Westminster, CO, is the company’s fourth storefront to open in the state this year, following the opening of Rally House Outlets at Castle Rock and Rally House Alcove on Arapahoe in June and Rally House Belmar in July.
Tenured Troon Exec Named Director of Business Development
A Phoenix, AZ resident, Landers has over ten years of industry experience in sales and marketing leadership roles, most recently as the membership and marketing director for Phoenix Country Club, a Troon Privé managed club.
NRF: U.S. Not Likely Headed Into Recession, but Jobs Market Slowdown Possible
NRF’s chief economist believes the U.S. economy has dodged a recession, but is on the cusp of nailing a long-awaited soft landing with a simultaneous cooling of growth and inflation. However, the jobs pictures seems to be another story.
Delta Cycle Recalls Ceiling Hoists with Straps Due to Injury Hazard
This recall involves ceiling hoists with straps, model number RS2300. The company lists the model number only on the product packaging. Delta Cycle sold about 25,000 of its ceiling hoists in the U.S. and 3400 in Canada from February 2017 through July 2024.
Gymshark Hires Chief People Officer
Keane worked for over 11 years at the luxury etailer Farfetch in various roles, including chief people officer from 2018 to 2024. Gymshark also announced it plans to open its first store outside the UK this year at the UAE’s Dubai Mall as part of its global omnichannel growth.
