SGB Update Sports & Fitness
Skechers’ Q2 Results Top Guidance
Skechers USA reported profits in the second quarter were down due to lower gross margins as sales grew 12 percent. Results came in easily above Skechers’ guidance, led by the Americas. Skechers maintained its guidance for the year.
Shimano’s Sales Expand 15 Percent In First Half
Shimano, Inc. reported its net income increased 22.4 percent in the first half ended June 30 as sales grew 14.7 percent.
The Athlete’s Foot Signs First NBA Ambassador
First-round draft pick AJ Griffin signed a brand ambassador deal with The Athlete’s Foot (TAF) following his selection by The Atlanta Hawks.
PeopleForBikes Hires Local Innovation Directors
PeopleForBikes hired Dave Snyder and Martina Haggerty as senior directors of local innovation, responsible for developing and implementing programming for cities to build better-connected bike networks nationwide.
True Spec Golf To Open Location In Dallas-Fort Worth
True Spec Golf, the specialist in custom club fitting and club building, has partnered with Mike Bury Golf at the Eight Under facility in Irving, TX.
Saucony Appoints Chief Marketing Officer
Saucony, a division of Wolverine Worldwide Inc., announced the appointment of Kathryn Pratt to the position of chief marketing officer, effective immediately.
P.volve Reports Record Year-Over-Year Growth
P.volve, the digital workout program for women, reported record sales for the year and the first half of 2022. The New York-based company said its membership base had increased 145 percent over the past year, with sales of new memberships up 61 percent for the first half of 2022.
Delta Galil Acquires Sustainable Clothing Brand Organic Basics
Delta Galil Industries, Ltd., headquartered in Tel Aviv, Isreal, has acquired the Organic Basics brand and certain assets. The terms of the deal were not disclosed.
Rawlings To Release Inaugural NFTs
Rawlings Sporting Goods Company, Inc. announced its first entry into the Web3 world, focusing on baseball gloves.
Academy Sports Opens Store In Panama City
Academy Sports + Outdoors announced the opening of its Panama City
PGA Of America And Elysian Park Ventures Launch Investment Vehicle
The Professional Golf Association (PGA) of America announced plans to launch a dedicated funding vehicle with Elysian Park Ventures, the investment arm of Major League Baseball’s (MLB) Los Angeles Dodgers, to support golf innovation.
Fanatics Expands Partnership With University of Alabama
Fanatics and The University of Alabama announced a long-term, multifaceted partnership that includes exclusive rights from the University for activation by Fanatics across its digital sports platform.
Whoop Undergoes Layoffs
Wearable fitness technology company Whoop has laid off 15 percent of its workforce as part of a restructuring.
Olympia Sports To Close Remaining 35 Stores
Olympia Sports, the Maine-based sporting goods chain that once had more than 200 stores on the East Coast, is shuttering its remaining 35 stores.
Caleres CEO To Retire Next Year
Diane Sullivan, Caleres’ long-time CEO, will retire effective January 15, 2023. The company announced the news on Monday. Jay Schmidt, president of Caleres, will succeed Sullivan as chief executive officer, with Sullivan moving to the role of executive chairman.
