SGB Update Sports & Fitness
Equinox’s Probability Of Default Ratings Lowered
Moody’s Investors Service affirmed Equinox Holdings, Inc.’s debt ratings, but downgraded the fitness chain’s Probability of Default Rating (PDR) from Caa3-PD to Ca-PD. The outlook remains negative.
Crown Capital Investments Acquires Pacific Yurts
Crown Capital Investments, an Atlanta-based private equity firm, has acquired Pacific Yurts, Inc., the maker of portable tents.
Online Shoppers Spend Record $11.3B On Cyber Monday
According to Adobe Analytics, online sales on Cyber Monday reached $11.3 billion, up 5.8 percent year-over-year growth, representing the biggest online shopping day.
Golf Equipment Declines But Apparel Expands In October
Golf equipment sales were off 5.9 percent in October and down 2.2 percent year-to-date, according to Golf Datatech. Golf apparel sales were up over 8 percent on the month and 6 percent on a year-to-date basis.
Delta Apparel Hires EVP And Chief Administrative Officer
Delta Apparel, Inc. reported Justin Grow had rejoined the company as executive vice president and chief administrative officer.
Topgolf Sets Opening For Wichita Location
Topgolf plans to open a venue in Wichita, KS on December 2 located near the Greenwich Place shopping center at 2796 N. Greenwich Road.
Rally House Expands In Ohio And Michigan
Rally House opened a new store in Cincinnati, OH, and expanded its East Lansing, MI store.
JB Capital Makes Strategic Investment In Crossnet
JB Capital reported it made a strategic investment in Crossnet, the Miami, FL-based creator of the four-square, volleyball-like net game.
Hibbett Reiterates FY Outlook Despite Q3 Shortfall
Hibbett Inc. reported third-quarter results came in below Wall Street estimates with margins impacted by higher logistics and wage costs, but the retailer reiterated its outlook for the year. Comparable sales increased 9.9 percent versus the prior year and increased 51.7 percent compared to 2019 third quarter.
Feetures Announces CEO Transition
Feetures, the family-owned and operated sock manufacturer, announced that John Gaither, who has been the company’s COO, would succeed his father, Hugh Gaither, founder and CEO, effective January 1, 2023. Hugh Gaither will evolve his role as chairman of Feetures’ executive committee.
3Step Sports Acquires Best FC Soccer Club
3Step Sports, the youth sports club and event operator, acquired Best FC Soccer Club, adding another youth training and development organization to its soccer division.
Life Time Opens Fourth Maryland Club At Annapolis Town Center
Life Time reported it opened its fourth club at the Annapolis Town Center, near the U.S. Naval Academy, in Annapolis, MD.
On Adds Apparel To Resale Program
Swiss running brand On has added men’s and women’s apparel to its resale program. The move follows the September launch of Onward resale site and online trade-in program initially focused on footwear.
Beachbody Receives Compliance Notice From NYSE
The Beachbody Company, Inc. said it received a deficiency letter from the New York Stock Exchange notifying the company that it is not in compliance with applicable price criteria in the NYSE’s continued listing standards.
RYU Makes Changes In Management
RYU Apparel, Inc. said it changed its management structure and relocated its corporate headquarters to Toronto from Vancouver, Canada. The company accepted the resignations of former COO Robert Blair and former CFO Robert Lelovic. Cesare Fazari will continue as CEO and assume interim CFO responsibilities until a replacement is found.
