SGB Update Sports & Fitness
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.
Peloton’s New CEO Dismisses Sales Talk
In an interview with Financial Times, Barry McCarthy, who took over as Peloton’s CEO from Co-founder John Foley last week, ruled out a sale of the connected fitness leader.
Asics North America Notches First Annual Profit Since 2017
Asics North America (ANA) announced that it generated the region’s first operating profit in 2021 since 2017. ANA, which includes the United States, Canada and Mexico, also showed a near double-digit quarterly increase year-over-year in the fourth quarter, marking its fourth consecutive quarter of growth.
Golftec Opens Location Outside Montreal
Golftec announced the opening of an instruction and club fitting center, Golftec St-Hubert, located outside of Montreal.
PGA Of America Chooses Technogym As Its Official Training Equipment Supplier
Technogym announced a multi-year partnership to become the Official Training Equipment Supplier of the PGA of America.
Beachbody’s Chief People Officer Joins Bionano Genomics
Bionano Genomics, Inc. appointed Helene Klein, formerly chief people officer at the Beachbody Company, to the same role.
F45 Acquires Equipment Packs To Support Expansion
F45 Training Holdings, Inc. announced that the fitness franchisor has increased its purchase of equipment packs to support expected global franchisee demand. As a result, the company will have approximately 1,200 equipment world packs ready for delivery in 2022, including world packs received year-to-date.
Bikeco Opens New Headquarters And Larger Distribution Center
BikeCo LLC, distributor of Fuji, SE, Breezer, Kestrel and Tuesday, announced the opening of its new headquarters in Philadelphia and a new, larger distribution center in South Jersey.
Dorel Sports President Steps Down
Pon Holdings, which acquired Dorel Sports in January, said Peter Woods, president and CEO of the cycling business, its stepped down.
Topgolf To Open Location In Glasgow
Topgolf Entertainment Group confirmed it is targeting a late 2022 opening for its new venue in Glasgow, its first location in Scotland.
The Athlete’s Foot Reports Record Sales For 2021
Following the acquisition by the Arklyz Group, The Athlete’s Foot (TAF), reported record sales of $503 million with 24 percent retail sales growth in 2021.
RYU Apparel To Close Two Stores In Shift To Digital
RYU Apparel, Inc. announced that it would shift focus to its digital e-commerce business and close its Williamsburg and Toronto store locations.
Under Armour’s Q4 Tops Guidance, Warns Of Supply Chain Challenges
Under Armour Inc. reported fourth-quarter earnings and sales exceeded Wall Street targets. Sales guidance was also raised for the current quarter but margins are expected to be impacted by lingering supply chain constraints.
Callaway Golf’s Q4 Tops Expectations On Topgolf Recovery
Callaway Golf Company reported a loss in the fourth quarter ended December 31 but results exceeded Wall Street’s targets due to a continuing recovery at Topgolf and ongoing momentum at its apparel and golf equipment businesses. Sales surged 89.9 percent in the period. Callaway predicted sales would expand 21 percent in 2022.
