SGB Update Sports & Fitness

NRF Calls For Visa And Mastercard To Cancel Swipe Fee Increases

The National Retail Federation urged Visa and Mastercard to cancel credit card swipe fee increases scheduled to take effect this month, citing a letter from both Republican and Democratic members of Congress saying higher fees would add to inflation.

Champs Sports Opens Homefield Concept In Pembroke Pines

Champs Sports, part of Foot Locker, Inc., will open the brand’s retail concept store, Champs Sports Homefield, in Pembroke Pines, FL, on April 23. The largest of all Foot Locker, Inc. subsidiaries worldwide totals more than 35,000 square feet. 

REI Increases Investment In Run Category

REI is piloting new store layouts and deepening staff training to support its running departments as part of a bigger investment in the running category.

Anta Sports Sees High-Teens Q1 Growth For Anta Brand

Anta Sports reported retail sales of Anta branded products recorded high-teens positive growth in the first quarter compared to the same period in 2021 while Fila’s retail sales saw mid-single-digit positive growth.

Peloton Raises Monthly Subscription Fee For First Time

Peloton is hiking the monthly fee for its on-demand fitness content for the first time in its eight years in existence in North America while reducing prices across its Bike, Bike+ and Tread products.

March Retail Sales Grew Despite Higher Inflation

Retail sales grew in March even as inflation edged higher, the National Retail Federation said. The U.S. Census Bureau said overall retail sales in March were up 0.5 percent seasonally adjusted from February and up 6.9 percent year over year.

Hammerhead Promotes Vice President Of Product

Hammerhead, the Karoo 2 cycling computer maker, promoted Jessica Braun to vice president of product. In her new role, she will lead its software and hardware teams.