SGB Update Sports & Fitness
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.
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.
