SGB Update Sports & Fitness
CTS Selects New CEO
Carmichael Training Systems (CTS) Founder Chris Carmichael has selected Jeff Pierce, most recently director of elite athletics at USA Cycling, to succeed him as CEO.
Lezyne’s Appoints VP, Production And Engineering
Lezyne promoted Worldwide Engineering Manager Terry Cooke to vice president, Production and Engineering. His promotion follows the recent news of the company’s restructured of its sales and marketing teams.
Endurance Zone Receives Investment From Worldpay Co-Founder
Endurance Zone, a technology platform that rewards consumers for being active, has secured funding from serial entrepreneur and investor David Sear.
Alchemy Bikes Moves Headquarters
Alchemy Bikes, the direct-from-fabricator-to-rider business, has relocated its U.S. operations to Golden, CO.
Report: Tonal Undergoes Layoffs
Tonal, the connected fitness manufacturer, is laying off about 35 percent of its 750-person workforce, according to a report from CNBC.
YouFit Gyms Named Official Gym Of University Of Miami Athletics
YouFit Gyms, the nationwide fitness chain, announced a partnership with the University of Miami Athletics as the Official Gym of the Miami Hurricanes.
Play It Again Sports’ Parent Shows Profit Improvement In Q2
Winmark Corporation, the parent of Play It Again Sports, announced net income for the quarter ended June 25, 2022 of $9.03 million, or $2.54 per share, compared to net income of $8.94 million, or $2.33, in 2021.
Compass Diversified Completes Acquisition Of PrimaLoft
Compass Diversified announced the completion of the company’s previously announced acquisition of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft.
Fanatics To Expand Nike Partnership Around Colleges
Fanatics is entering into a long-term partnership with Nike to manufacture college sports fan apparel. Starting mid-2024, Fanatics will begin manufacturing most of Nike’s fan apparel for many of its more prominent college partners.
Yue Yuen’s Sales Climb 6 Percent In June
Yue Yuen Industrial Limited reported net consolidated operating revenue reached $834.6 million in June, representing a gain of 5.9 percent year-over-year. Sales in its manufacturing business were up 18.7 percent while sales at Pou Sheng, its retail subsidiary in China, were down 14.7 percent.
The Running Event Delivers Mentorship Opportunities For Specialty Retailers
The Running Event announced new opportunities for specialty retail professionals leading up to #TRE22 this November 22 through December 1 in Austin, TX.
Sportfishing Leaders Oppose Proposed Lead Fishing Tackle Restrictions
In response to a U.S. Fish & Wildlife Service draft rule prohibiting the use of lead fishing tackle on certain National Wildlife Refuges, the American Sportfishing Association sent a letter to the USFWS Director urging the agency to reconsider the proposal.
Club Pilates Secures UK Master Franchise Agreement
Club Pilates, owned by Xponential Fitness, announced it had signed a Master Franchise Agreement in the UK, including England, Scotland, Wales, and Northern Ireland.
Nike VP Joins Estée Lauder’s Board
The Estée Lauder Companies, Inc. appointed Angela Wei Dong, global vice president and general manager, Greater China, Nike Inc., to its Board of Directors.
Li Ning’s CFO Retires
Li Ning Company, Ltd. announced that Terence Tsang, its chief financial officer, has retired due to retirement age.
