SGB Update Sports & Fitness
Tonal Welcomes New CEO
Effective immediately, Darren MacDonald takes the helm as Tonal’s CEO, replacing Krystal Zell who has served in the role since January 2023, who is stepping down for personal reasons.
DSW Parent Cuts FY Guidance as Q2 Profits Shrink
The company saw sustained pressure on challenged categories such as dress and seasonal in the second quarter, but was able to partially mitigate the impact through providing a greater selection of athletic and athleisure brands in the assortment.
Ross Stores Inc. Makes Merchandising Leadership Changes
Karen Fleming was promoted to president and chief merchandising officer at Ross Dress for Less and Karen Sykes was promoted to president and chief merchandising officer at DD’s Discounts, with both moves effective December 1.
Gold’s Gym Builds Out Existing Markets with Summer 2024 New Gym Openings
By the end of 2024, Gold’s will have opened eight new U.S. gyms, including in Milpitas, CA; Thornton, CO; Silver Spring, MD; and New Bern, NC. The brand also has franchise agreements to grow in Long Island, NY; Miami, Fl; and San Jose, CA.
Amped Fitness Pompano to Open in South Florida
With the Pompano Beach location, Amped Fitness will operate multiple locations across the South Florida region, building on its plans for continued growth.
Blink Fitness Signs Asset Purchase Agreement with PureGym
PureGym is the “Stalking Horse” bidder in the court-supervised sale of Blink Fitness to acquire its corporate operations and a substantial portion of Blink’s locations, focusing on New York and New Jersey.
Pickleball Kingdom to Open Club in Georgia
Targeting a late summer 2025 debut, the facility will feature 16 indoor courts within the 45,000-square-foot building, led by franchisees Dave Moran and Eric Middleton, co-owners of Wreak Havoc Sports,
Movement Climbing Yoga & Fitness Taps Co-Founder of Movement Legacy Brand as New CEO
Original Co-Founder and CEO Anne-Worley Moelter returns as CEO of Movement Climbing Yoga and Fitness, effective immediately. Moelter has been a climbing industry veteran for almost 25 years.
PickleRage Entering Alabama with New Mobile Location in Early 2025
Jonathan Keith and Mark Howard, franchise owners of the new Mobile location and longtime business partners in the real estate space, said they are eager to bring a first-class pickleball facility and experience to their local community.
Topgolf Breaks Ground on New Panama City Beach Location
The two-level venue located along Florida’s Emerald Coast in Panama City Beach. Set to open in summer 2025, it will be Topgolf’s 10th venue in the state.
Academy Sports and Outdoors Cuts Guidance After Dismal Q2 Results
Sales for the second quarter were said to be more challenging than expected, impacted by a tough economy, a temporary DC backlog related to going live with a new warehouse management system and by a very active storm season across key portions of the retailer’s footprint.
SMBGolf Acquires IGDB, Enhances Data Accuracy
The company remarked that this “is a pivotal moment for SMBGolf and Apparation as they merge resources and expertise to create a more valuable golf course and people database for the golf industry.”
Under Armour Cuts Guidance on Expanded Restructuring Cost Expectations
The company has identified approx. $70 million of additional charges, largely related to the decision to exit one of its primary distribution facilities located in Rialto, CA on top of the $70 million to $90 million already planned in connection with its Fiscal 2025 restructuring plan.
Are We Headed for More Inventory Overhang as Retailers Bring Goods in Early?
If the forecasts prove correct, 2024 will have seen a seven-month stretch of import levels at or above 2 million TEU, the longest since a 19-month stretch through September 2022, as retailers pull shipments forward for fear of a port strike.
FIFA Opens New Office in Miami Ahead of World Cup 2026
FIFA has opened its new Legal and Compliance Division office based in Miami, FL, underscoring the organization’s expanding global footprint ahead of the FIFA World Cup 26 in North America and Mexico.
