SGB Update Sports & Fitness
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.
NBA And Foot Locker Europe Announce Multiyear Partnership Expansion
The National Basketball Association (NBA) and Foot Locker Europe announced a multi-year partnership expansion that will see the NBA and Foot Locker Europe refurbish basketball courts and host youth basketball clinics and events across Europe.
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.
Delta Apparel Appoints President Delta Group
Delta Apparel Inc. appointed Matt Miller as the company’s president, Delta Group, effective April 25.
Escalade Sees Sales Jump 22 Percent In First Quarter
Escalade, Inc. reported earnings in the first quarter rose 24.1 percent on a 22.3 percent revenue gain. First-quarter 2022 results benefited from organic sales growth across the basketball, archery, pickleball, and indoor game categories, together with contributions from the company’s acquisition of Brunswick Billiards.
Activist Investor Blackwells Capital Renews Push for Peloton Sale
Activist investor Blackwells Capital has renewed its calls for Peloton to put itself up for sale, charging the connected fitness brand continues to flounder under new CEO Barry McCarthy.
Amazon To Surcharge U.S. Merchants For Fulfillment Services
Amazon sellers in the United States who use the company’s packaging and delivery fulfillment service will see a 5 percent surcharge on shipping due to rising fuel prices and growing inflation.
RunSignup Sees Reduction In Endurance Events
RunSignup, the registration provider for U.S. endurance events, produced its Q1 market assessment and business update. Overall, the data showed that the industry had fewer planned events, and participants were trending toward delayed registrations.
Pedego E-Bikes Hires Chief Marketing Officer
Pedego Electric Bikes, with over 200 stores worldwide, appointed Kevin Mayer as chief marketing officer of Pedego.
New Balance Opens Doors To The Track At New Balance
New Balance has opened The Track at New Balance, a multi-sport facility where Team New Balance, professional and community athletes will train and compete year-round.
Puma Appoints GM Of Puma South Korea
Puma has appointed Lee Na-Young as general manager of Puma South Korea.
Hibbett Expands, Amends Credit Line
According to a regulatory filing, Hibbett, Inc. modified its unsecured credit agreement with Regions Bank that expires July 9, 2026, to expand the limit to $125 million from $100 million. All covenants remain unchanged.
SFIA: Sporting Goods Sales Increased 16 Percent In 2021
The total market for sports equipment, exercise equipment, athletic footwear, sports apparel, and licensed merchandise saw a 15.8 percent increase in revenue from 2020 and a 16.4 percent increase since 2019 pre-pandemic numbers, according to the Sports & Fitness Industry Association’s (SFIA) annual Manufacturers’ Sales by Category Report. The majority of the tracked categories experienced growth of over 10 percent in those two years.
Walmart Names PayPal’s Finance Chief As CFO
Walmart, Inc. appointed John Rainey, former head of finance at PayPal, as CFO, effective June 6. He replaces Brett Biggs, who announced his exit from the retailer last year.
Nevco Sports Acquires Lynx System Developers
Nevco Sports ,LLC announced the acquisition of Lynx System Developers, Inc., a sports technology data company based out of Haverhill, MA. The acquisition strengthens its position in end-to-end scoring and display solutions for sporting facilities.
