SGB Update Sports & Fitness
U.S. Ports Set New Record For Imports
Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly Global Port Tracker report released by the National Retail Federation.
Amer Sports Completes Suunto Transaction
Amer Sports and Liesheng have completed the transaction in which Amer Sports divests Suunto to Liesheng, the Chinese technology brand.
Peloton Reports Q3 Sales Slump Of 24 Percent
Peloton reported a wider-than-expected loss in the fiscal third quarter ended March 31 amid a steep decline in sales. The connected fitness equipment maker also offered up a weak sales outlook for the fourth quarter, citing softer demand.
Rally House Adds Stores In Illinois, Michigan And Indiana
Rally House announced the opening of stores in Skokie, IL; Taylor, MI; and South Bend, IN.
Endura Appoints Brand Director As Founder And Director Step Back
Jim McFarlane, the founder of the cycling apparel brand Endura, and director, Pamela Barclay, announced plans to step back from the day-to-day management of the business. Noah Bernard has been appointed brand director and will lead the company.
Beachbody’s Q1 Sales Decline 12 Percent
The Beachbody Company, Inc., the subscription health and wellness company, reported a wider loss in Q1 ended March 31 as sales declined 12 percent.
Wahoo Fitness’ Debt Ratings Downgraded
Wahoo Fitness’ debt ratings were downgraded by Moody’s and S&P Global Ratings due to weaker than expected demand and intense price competition in the at-home fitness space.
Nicklaus Companies Appoints CEO
Nicklaus Companies, a conglomerate of golf-related businesses run and owned by Jack Nicklaus and his family, announced it has hired Phil Cotton as CEO.
VanMoof Appoints President
VanMoof has hired Gillian Tans as president. She accepted the position effective immediately.
Iconix Consolidates Control Of Pony
Iconix International Inc., which secured the North American rights to the Pony in 2015 for $37 million, has acquired the rights to the sneaker brand in the rest of the world, except in China and Taiwan.
Golftec Opens Location Outside Edmonton
Golftec announced the opening of an instruction and club fitting center in Sherwood Park, Alberta, Canada.
Dynamic Brands Expands Corporate Staff
Dynamic Brands appointed Alex Davis as its new controller, while Diana Smalls recently joined the company as its senior accountant.
Vice Golf Secures Investor
The pan-European private equity firm Oakley Capital announced it is investing in Vice Sporting Goods GmbH, the digitally native golf brand doing business as Vice Golf.
Report: Peloton Looking To Sell Up To 20 Percent Stake
According to a Wall Street Journal report, Peloton is targeting “industry players and private-equity firms” to sell a stake in its business of around 15 percent to 20 percent to support its turnaround efforts.
Adidas’ Q1 Sales Dip On Supply Chain Constraints And China Weakness
Adidas reported continued double-digit growth in Western markets in the first quarter, but overall sales were down 3 percent on a currency-neutral basis due to supply chain disruptions and a 35 percent tumble in Greater China. FY22 earnings and sales are now expected to reach the lower end of guidance due to the impact of COVID-19-related lockdowns in Greater China.
