SGB Update Sports & Fitness
Golftec Opens Location Outside Richmond
Golftec announced the opening of an instruction and club fitting center in Midlothian, VA at 11615 Midlothian Turnpike, Midlothian, VA 23113.
Arena Names Global Marketing And Trade Marketing Director
Arena, the Italian swim specialist, hired Kamila Pilwein as global marketing & trade marketing director. She was EMEA head of channel marketing for Boardriders.
Mizuno Shows Strong Gains In Fiscal Half
Mizuno Corp reported net profits grew 50.1 percent on a 16.6 percent revenue gain in the fiscal six months ended September 30. Sales were up 26.6 percent in the second quarter.
Cocona Labs Hires Chief Operations Officer
Cocona Labs welcomed back Christopher Leyes as chief operations officer. Leyes returns to the company having worked as the director of operations at Pangea Organics.
Yakima’s Global Organization Structure To Accelerate Growth, Increase Collaboration
Yakima announced, effective immediately, that Ryan Martin, CEO of the Americas Region, had increased responsibilities to drive strategic direction and growth in Australasia (Australia, New Zealand, Pacific Islands) and EMEA (Europe, Middle East, Africa).
Life Time Lifts Guidance As Q3 Beats Plan
Life Time Group Holdings, Inc. slightly lifted its outlook for the year after reporting third-quarter results that topped its guidance. Sales were ahead 28.9 percent as fitness center memberships were up 9.0 percent year-over-year.
Beachbody’s Q3 Exceeds Guidance
The Beachbody Company, Inc. saw sales decline 20 percent in the third quarter that ended September 30, but the subscription health and wellness company delivered third-quarter revenue and adjusted EBITDA results ahead of guidance.
Nautilus’ Sales Tumble In Second Quarter
Nautilus Inc. reported sales declined 53 percent in the second quarter and lowered its guidance for the year although it noted that it’s still seeing strong gains versus pre-pandemic levels.
HanesBrands Lowers Guidance On Macro-Related Challenges
HanesBrands, Inc. reduced its sales and earnings outlook due to “increased macro-related challenges within the global operating environment.” Third-quarter earnings came in line with expectations despite global Champion sales decreasing 9 percent on a currency-neutral basis.
Wolverine Cuts Outlook On Supply Chain Disruption, Heightened Promotions
Wolverine World Wide, Inc. saw strong double-digit gains at Merrell in the third quarter but overall sales and profitability came in below plan due to supply chain and promotional pressures. The company reduced its guidance for the year.
Recall: Thule Camber 2 Bike, Thule Camber 4 Bike, Thule Range 4 Bike
Thule recalled its Camber 2 bike (model #905800), Camber 4 bike, (model #905600) and Range 4 bike, (model #905700), in partnership with the National Highway Traffic Safety Administration (NHTSA) and Health Canada in an affected manufacturing date code range.
Adidas Slashes FY Outlook After Kanye West Split
Adidas further slashed its 2022 outlook as it weighed the impact of its split from Ye, the rapper formerly known as Kanye West, while sluggish demand in China continued to impact sales.
Imports Slow As Holiday Season Ramps Up
Imports at U.S. container ports continue to slow from the records set earlier in 2022, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.
RunSignup Sees Race Registration Improving
RunSignup in an October industry update said aggregated registration data continue to show signs of gradual improvement for the endurance race industry after the long-tail effects from the pandemic.
PXG Opens Store In Indiana
PXG opened its first retail store in Indianapolis, IN.
