SGB Update Sports & Fitness
OrthoLite Announces New Sales Manager For Portugal
OrthoLite expanded its global sales management team in Europe, appointing Marisa Costa as sales manager for Portugal.
Lululemon Q4 EPS Beats Guidance
Lululemon Athletica, Inc. reported earnings on an adjusted basis rose 30 percent in the fourth quarter ended January 30 as comparable sales increased 22 percent. Earnings came in above updated guidance provided on January 10.
Obit: George Dickerman
George Dickerman, former president of Spalding Sports Worldwide, passed away at the age of 83.
New Balance Officially Opens Methuen Factory
New Balance, on Monday, officially opened its new athletic footwear factory in Methuen, MA. The 80,000-square-foot facility, which underwent a $20 million renovation, began production in January 2022.
Academy Sports’ Q4 Comps Expand 13 Percent
Academy Sports + Outdoors reported comparable stores jumped 13.1 percent in the fourth quarter and 18.9 percent in the year ended January 29. Adjusted earnings in the quarter grew 40.9 percent, exceeding Wall Street targets. Academy predicted sales in the current year would decline 1.6 percent at the mid-point of its range but be up 38.0 percent versus the pre-pandemic 2019 period.
Fanatics Partners With WWE
The WWE signed a long-term merchandising deal with Fanatics. The deal includes official WWE NFTs, offered through Fanatics’ Candy Digital division, trading cards, which will operate through Topps, which Fanatics acquired from former Disney CEO Michael Eisner earlier in 2022. It also includes physical and digital licensed merchandise, with Fanatics launching a WWE shop this summer.
Delta Apparel Launches ‘On-Demand’ Digital First Solution
Delta Apparel, Inc. announced the expansion of its digital print business using newly installed digital print technology in collaboration with Fanatics.
PXG Opens Second Chicago Store
PXG announced the grand opening of its second retail store in Chicago’s Westside neighborhood
U.S. Golf Rounds Played Climb 13 Percent In February
According to Golf Datatech, U.S. rounds of golf played rose 13 percent in February 2022 compared to February 2021.
Bryant Estate Reaches New Deal With Nike On Kobe Bryant Shoes
Kobe Bryant’s estate has reached a new long-term contract with Nike to continue producing both footwear and apparel from Bryant’s Zoom Kobe series, Nike and Vanessa Bryant announced.
New Balance Opens Factory In Methuen, MA Producing MADE 990v5 Running Shoe
New Balance opened an 80,000-square-foot footwear factory in Methuen, MA, after undergoing a $20 million renovation. The factory began production in January 2022, signaling its commitment to U.S. manufacturing.
Volvik USA Names New President
Volvik USA, Inc., the golf ball manufacturer, named Young S. Shin president, following the death of his son, Don Shin, who had been president and CEO since the company was founded in 2012.
Title Boxing Club Restarts Franchise Growth
One year after being acquired by BoxUnion, Title Boxing Club is relaunching its franchise expansion with plans to open more than 300 clubs by 2025 in the U.S.
MonkeySports Introduces Trade-In Program
MonkeySports, an online retailer of hockey, baseball and lacrosse equipment in North America and Europe, is offering a trade-in program powered by SidelineSwap’s Recommerce Platform.
TUT Fitness Group To Expand Sales To Asia
For its Hong Kong and Singapore markets, TUT Fitness Group, Inc. signed an exclusive distribution agreement with Eco Lifestyle Fitness Pte, Ltd (ELF), an Asian Fitness Equipment distributor.
