SGB Update Sports & Fitness
USPS to Raise Rates in 2025 to Remain Competitive
The changes would raise shipping service prices by approximately 3.2 percent for Priority Mail and Priority Mail Express, 3.9 percent for USPS Ground Advantage, and 9.2 percent for Parcel Select.
Former President of Callaway Golf Joins Oncore’s Strategic Advisory Board
Frederick Port joins OnCore’s Board as it prepares to commercially launch Genius Ball, a product that “brings new insight to the game” with integrated data-tracking technology. The company said that Port will guide product launch strategies, global growth and partnerships within the golf ecosystem ”
Puma Opens Las Vegas Flagship
Located in the heart of the Las Vegas strip, the store offers a “retail experience” with various immersive and interactive features, including a professional F1 racing simulator, an interactive arcade and a customization studio where customers can personalize apparel and footwear.
Ross Stores Sees Q3 Sales Growth Slow from Stronger First Half Trend
The CEO said the retailer needed to execute better but also cited a combination of severe weather during the quarter from Hurricanes Helene and Milton, along with unseasonably warm temperatures, that also negatively impacted results.
NBA’s Giannis Antetokounmpo Launches Build Your Legacy Ventures
BYL Ventures to focus on early-stage startups in the entertainment and media, sports, consumer products, and technology categories.
Woom Bikes USA Recalls Children’s Off, Off Air and Original 6 Bikes
This recall involves the Original 6 bikes from model years 2016 to 2020 and Off 5 and Off Air 5 and Off 6 and Off Air 6 bikes from model years 2019 to 2020.
Segway Recalls Segway Ninebot P100 KickScooters Due to Fall and Injury Hazard
The company has received 31 reports of broken front forks, including six reports of injuries, including a fracture, cuts, scrapes, bruises, and shoulder pain.
Torque Fitness Promotes Jaime Bugge to Director of National Accounts
Bugge will focus on growing Torque’s partnerships with national fitness chains, wellness centers and athletic performance facilities, helping to equip diverse and expanding markets with the company’s equipment.
Pickleball Kingdom Franchisees Expanding Tennessee Footprint to Knoxville
This new Knoxville club joins Pickleball Kingdom’s growing presence in Tennessee, with additional locations already underway in Nashville, Hendersonville, Memphis, Chattanooga, and Murfreesboro, solidifying the state as a hub for premier indoor pickleball.
Topgolf Breaks Ground on Second Venue in Minnesota
This is the second venue in Minnesota for parent company Topgolf Callaway Brands Corp. in addition to an existing venue in Minneapolis’ Brooklyn Center.
Shoe Carnival, Inc. Lowers Full-Year Sales Guidance on Calendar Shift, Warm Weather Impact
The parent of the Shoe Carnival, Rogan’s and Shoe Station retail banners, reported that Q3 net sales were $306.9 million as compared to $319.9 million in Q3 2023, with ~$20 million moving out of the third quarter due to the retail calendar shift.
TJX Adds Eight Sierra Locations in Q3; Has Big Merchandise Plans for Sierra E-Commerce
The company said it is well-positioned to take advantage of the outstanding availability in the marketplace and deliver an eclectic mix of exciting gifts to its stores and online throughout this holiday season. The CFO said they have some great merchandise plans for the U.S. e-commerce sites in the Sierra business.
Ladder Secures Over $100M in New Funding to Scale Top Strength Training App
The company raised $15M in Series B funding led by Point72 Ventures and ADvantage VC, with participation from Steve Pagliuca’s PagsGroup and Series A lead investors Tapestry VC and LivWell Ventures. It also secured a $90M growth investment from General Catalyst’s Customer Value strategy.
Amer Sports Makes Key Leadership Changes; Expands Global Leadership Team
Guillaume Meyzenq has been appointed new president and CEO for Salomon and Michael Hauge Sørensen returns to a former role as advisor to the company’s Board of Directors.
Sweaty Betty Continues Global Expansion Opens New Stores in the U.S. and UK
The Wolverine Worldwide brand opend stores in Chicago’s Southport neighborhood and the other in Washington, D.C.’s Georgetown section, on November 16 and 18, 2024, respectively. The brand is also opening a store in Cardiff, Wales, and one in Westfield, London.
