SGB Update Sports & Fitness
Shimano’s Sales Climb 14 Percent In First Quarter
Shimano, Inc. reported sales grew 13.9 percent in the first quarter. Sales grew 13.9 percent in the Bicycle Components segment and 14.1 percent in the Fishing Tackle segment.
Lezyne Restructures Sales And Marketing Team
Lezyne said that after tripling business in the last few years, it is restructuring its global sales and marketing teams.
Altis Closes $10.5 Million Seed Round
Altis, a start-up offering a personal fitness trainer supported by artificial intelligence, announced it has secured over $3 million in financing, bringing its total financing to date to $10.5 million, with additional investments from Mike Capps, former head of gaming titan Epic Games; Bill Flynn, former CEO of Amtrak; and U.S. Olympians JR Celski and Georganne Moline.
Wahoo Acquires RGT Cycling
Wahoo has acquired the virtual cycling platform RGT Cycling, now Wahoo RGT. Terms were not disclosed.
Brooks Takes Top Spot In Performance Running Market
Brooks Running said that in the first quarter, it took the top spot in the U.S. national performance footwear market for the first time, with 22 percent dollar share across all U.S. channels—athletic specialty and sporting goods, mid-tier, premium, and shoe chain.
Callaway Golf Sets Long-Term Financial Targets
Callaway Golf Company expects annual growth projections from fiscal 2021 through 2025 of 10 to 12 percent, led by more than 18 percent growth at Topgolf growth in the high-single digits in its non-Topgolf businesses. The company provided its growth plan as part of its Investor Day.
Brunt Workwear Appoints President
Boston-based Brunt Workwear announced the appointment of Kevin Eskridge, most recently chief product officer at Under Armour, as the company’s president. In this role, Eskridge will oversee the company’s product development, merchandising, sourcing, and global retail expansion.
Academy Sports Opens Store In Conyers, GA
Academy Sports + Outdoors announced the opening of its Conyers, GA store. Academy now has 11 locations across metro Atlanta and 19 throughout Georgia.
Report: JCPenney Owners Offer $8.6 Billion For Kohl’s
Simon Property Group and Brookfield Asset Management are offering to acquire Kohl’s Corp. in a deal that would be worth more than $8.6 billion, according to a report in the New York Post.
NPD Report: Baseball, Lacrosse, Soccer, And Pickleball Drive Sports Equipment Sales In Q1
According to The NPD Group, baseball, lacrosse, soccer, and racquet sports equipment sales increased 19 percent in the first quarter year-over-year and grew 35 percent higher than in 2019.
Blue Goji Acquires Interactive Fitness Holdings
Based in Austin, TX, Blue Goji announced that it had acquired the assets and intellectual property of health and wellness technology company Interactive Fitness Holdings (IFH). Through this acquisition, Blue Goji will manage Expresso and CyberCycle exercise bikes.
Golf Rounds Played Decline 14 Percent In March
Golf Datatech’s National Rounds Played Report for March shows that U.S. rounds were down 14.3 percent in the month and down 7.5 percent year-to-date year-over-year.
Google Bundles Fitbit And Pixel For First Time
For the first time, Google is offering bundles with its Pixel products where a Fitbit wearable can be purchased with the latest-gen phone at the same time, according to 9to5Google.
Core Health & Fitness Acquires Wexer
Core Health & Fitness LLC announced that it has acquired Wexer Holding LLC, a specialist in digital health and fitness offerings. Financial terms of the transaction weren’t disclosed.
Trek Acquires David’s World Cycle
Trek Bicycle Corporation has purchased 21 Orlando, FL-based stores which make up the David’s World Cycle group.
