SGB Update Sports & Fitness
IHRSA’s 2022 Health Club Consumer Report Shows Slow Recovey
IHRSA’s 2022 Health Club Consumer Report showed lingering impacts from COVID closures and only partial industry recovery even as consumers expand participation in programs to benefit physical and mental health.
L2 Brands Acquired By PE Firm
L2 Brands, the manufacturer of custom apparel and headwear for the collegiate, destination, leisure, and corporate markets was acquired by Sentinel Capital Partners. The financial terms were not disclosed.
Fila Resets Innovation And Design Teams In Reorganization
Fila Holdings Corp. announced reorganizing its global teams to support the establishment of its Futura Innovation Team, focused on innovation and sustainability, and Design Team, tasked with developing global product ranges. Key hires include Luca Bertolino, Mikal Peveto, David Bond, Torsten Hochstetter and Paola Loglisci.
Scheels To Open Store In Tulsa
Scheels announced plans to open its first All Sports store to Oklahoma, scheduled to open Fall 2024 in Tulsa.
Record 166.3 Million Shoppers Expected During Thanksgiving Weekend
An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is almost 8 million more consumers than last year and is the highest estimate since the NRF began tracking the data in 2017.
Retail Sales Growing As Holiday Season Begins
Retail sales grew again in October as consumers set aside concerns about inflation and many got a jump start on the holiday season, the National Retail Federation said. The U.S. Census Bureau said overall retail sales in October were up 1.3 percent from September and up 8.3 percent year over year.
Foot Locker Raises Guidance As Third Quarter Exceeds Plan
Foot Locker, Inc. slightly lifted its outlook for the year after reporting third-quarter sales and earnings came in above expectations. Comparable-store sales in the third quarter increased 0.8 percent year-over-year. Mary Dillon, president and chief executive officer. “Despite the tough environment, our expanding customer base remained resilient.”
Delta Apparel Finishes Solid Year Despite Fourth Quarter Challenges
Delta Apparel Inc. reported a small loss in the fourth quarter ended October 1 on a slight sales increase. Earnings were slightly down for the year as gross margin pressures offset an 11 percent revenue gain.
Athleta Sees Flat Comps In Third Quarter
Gap, Inc. reported comparable sales at Athleta were flat in the third quarter. Net sales of $340 million were up 6 percent compared to last year.
Motiv Group Names SVP, Strategy And Partnerships
Motiv Group hired running industry veteran, John Smith, as senior vice president of strategy and partnerships.
Rawlings To Relocate Headquarters
Rawlings Sporting Goods Company, Inc. is moving from its current corporate headquarters located in Town & Country, MO, to Westport Plaza in Maryland Heights, MO, in late 2023. The company said it needed the additional office space and wanted to create a corporate campus, including an experiential retail destination.
Target’s Shares Tumble On Soft Holiday Outlook
Shares of Target fell $23.51, or 13.1 percent, to $155.47 Wednesday after the chain reported third-quarter profits plunged 52 percent and warned of a sluggish holiday, blaming inflationary pressures and a deteriorating economic outlook.
Play It Again Sports Parent Appoints Board Member
Winmark Corp., the parent of Play It Again Sports, named Amy C. Becker to its Board of Directors.
Fanatics Partners With UK’s Next
Fanatics and Next, the UK-based online retailer, entered into a long-term connected inventory partnership to broaden Fanatics’ officially-licensed sports merchandise assortment sold at Next.co.uk.
BSN Sports Acquires Donnelley Sports
BSN Sports has acquired Donnelley Sports, located in Twin Falls, ID.
