SGB Update Sports & Fitness
Escalade’s Q4 Sales Dip 1.8 Percent
Escalade, Inc. reported fourth-quarter sales were slightly below year-ago levels due to supply chain disruptions; however, sales were well above sales levels from the fourth quarter of 2019.
Reebok Forms Strategic Partnership With Foot Locker
Authentic Brands Group (ABG) announced a new and enhanced partnership with Foot Locker, Inc. for the Reebok brand within the United States. This includes the exclusivity of basketball shoes from Allen Iverson and Shaquille O’Neal.
Signa Sports United Appoints VP Of Bike, North America
Signa Sports United announced the appointment of Hap Seliga, a founder, executive and advisor in the cycling industry, as head of its North American bike operations.
SportChek’s Same-Store Sales Climb 15.9 Percent
Canadian Tire Corporation reported retail sales at its SportChek segment were up 5.8 percent in the fourth quarter while comparable sales grew 15.9 percent.
Peloton Hires Vice President Peloton Commercial
Peloton Interactive hired Microsoft veteran Betsy Webb as vice president of Peloton Commercial, which supports the Precor fitness equipment subsidiary. Webb replaces Rob Barker, who left the company last week and will move to Portugal, according to Pugent Sound Business Journal
Tommy John Nets New Investor, Board Members
Comfort-focused lifestyle brand Tommy John announced that Manny Chirico and David Landau of LNK Partners have joined the brand’s Board of Directors as part of the private equity firm’s minority investment in the company.
January Retail Sales Overcome Omicron And Inflation To Show Strong Gains
Retail sales powered through COVID-19’s Omicron variant, inflation and other challenges to post strong increases in January, the National Retail Federation said.
Imperial Headwear Announces VP Of Golf Sales
Imperial Headwear announced John Anderson’s hire as the company’s new vice president, golf sales.
Golftec Opens Location Outside Of Phoenix
Golftec announced the opening of an instruction and club fitting center in Tempe, AZ.
Brooklyn Bicycle Announces First Australian Distribution Partner
Brooklyn Bicycle Co. announced that it has partnered with The Bike Collective, an Australian bike distribution company that sells bikes and accessories to independent bike shops in Australia.
Garmin’s Q4 Sales Increase 3 Percent With Strength In Marine
Garmin, Ltd. reported earnings and sales both topped Wall Street estimates in the fourth quarter ended December 25. Sales grew 3 percent in the quarter. Marine segment sales grew 14 percent while Fitness was flat and Outdoor sales decreased 8 percent.
Rumble Boxing Surpasses 200 Franchisees
Rumble Boxing said it has surpassed 200 signed franchise agreements less than a year since being acquired by Xponential Fitness and launching its franchise opportunity.
9Round Appoints Senior Director, Franchise Development
9Round Franchising, LLC, based in Greensville, SC, announced Kelly Tope as its senior director of franchise development.
Peloton Operations, Supply Chain Execs Exit
Peloton Interactive, Inc., which last week announced plans to lay off 2,800 employees worldwide as part of a restructuring, has had its executives who run operations, its supply chain and other functions in the company exit, according to a Bloomberg report.
Quality Bicycle Products Hires Vice President Of Proprietary Product
Quality Bicycle Products announced that it hired Jamie Marchbank as VP, proprietary product. Previously, he was VP of product creation at JanSport & Eagle Creek.
