SGB Update Sports & Fitness
Garmin Partners With Sea Tow
Garmin International, Inc., a unit of Garmin, Ltd., said it is working with Sea Tow Services, International, Inc. to provide members and franchise operators exclusive offers and product training to improve boater safety.
Athleta Expands In Canada, Adding Five New Stores In 2022
Athleta, part of San Francisco-based Gap, Inc., announced it would add five new Canadian stores in 2022 with the June 21 opening of Mapleview Centre in Burlington, Ontario.
FitFighter Secures Funding
FitFighter Inc., the maker of the FitFighter Steelhose free weights range, announced it raised $2.5 million in seed round investments to build its salesforce, expand its gym programs and military training, advance product design, and accelerate production.
Study Suggests Team Sports Benefits A Child’s Mental Health
A national study of 11,235 kids ages 9-to-13, conducted by the Public Library of Science (PLOS) journal, found that a kid’s mental health is positively impacted when participating in team sports.
Life Time’s Debt Outlook Revised To Positive
S&P Global Ratings revised its outlook on Minnesota-based athletic center operator Life Time, Inc. to positive from stable because of more certainty around the recovery of the company’s center memberships, as well as increased prices, revenue, and EBITDA.
Club Champion Expands Store Count
Club Champion, the custom golf club fitter, opened four new stores in the second quarter in Huntsville, AL; Westport, CT; Colorado Springs, CO; and Peachtree City, GA.
Nautilus Announces Retirement Of Board Chair
Nautilus, Inc. announced that its Chairman, M. Carl Johnson, III, will be retiring from its Board of Directors effective August 2.
Saysh Closes $8 Million Series A Round Led By IRIS, Athleta
Saysh, the lifestyle brand co-founded by Olympian Allyson Felix and her brother and business partner Wes Felix, announced its Series A round closed at $8 million, led by specialist consumer fund IRIS and Gap Inc.’s activewear brand Athleta.
Fanatics Appoints CEO Of Fanatics Collectibles
Fanatics announced the appointment of Mike Mahan as CEO of Fanatics Collectibles, the company’s trading cards and collectibles business.
Amazon Prime Day 2022 Begins July 12
Amazon’s annual shopping event, Amazon Prime Day, will officially kick off at 3AM ET / 12AM PT on Tuesday, July 12th, and run through Wednesday, July 13th, the company announced on Thursday
Fleet Feet To Acquire Marathon Sports
Fleet Feet, the franchisor of locally-owned and operated running stores in the U.S., announced that it has agreed to acquire New England-based running retailer Marathon Sports and its soundRunner and Runner’s Alley brands.
Rally House Opens New Store In Michigan
Rally House opened a store in Canton, MI off Michigan Avenue, joining several Rally House locations in the Detroit area.
Playermaker Raised $40 Million In Funding Round
Playermaker, the manufacturer of the wearable sports performance tracker, has raised $40 million in funding to date, led by Ventura Capital Group, with additional investment by MIG Capital, Pegasus Tech Ventures, and others.
Nike And Apple Team Up On Sports Content
Apple has finalized a multi-year first-look feature deal to develop and produce sports films with Nike-owned studio Waffle Iron Entertainment for the Apple TV+ streaming service.
Planet Fitness Franchise Group Excel Fitness Sold To Olympus Partners
One of the largest Planet Fitness franchise groups, Excel Fitness Holdings, LLC, located in Austin, TX, was purchased by private equity firm Olympus Partners of Stamford, CT, for an undisclosed amount.
