SGB Update Sports & Fitness
AAFA Urges Biden Administration To Act On Inflation
American Apparel & Footwear Association President and CEO Steve Lamar reacted to reports that prices in America rose 6.8 percent in the 12 months ending in November—the largest rise in nearly 40 years. Prices for clothing and footwear rose 5 percent and 4.7 percent during this time.
Manitowoc’s Louie’s Sporting Goods To Close
Louie’s Sporting Goods, now operating one location at Manitowoc, WI, will be closing on December 23, according to a report from WBAY.com.
Blue Tees Golf Appoints Head Project Manager
Blue Tees Golf, a producer of golf rangefinders and accessories based in San Francisco, CA, has selected Sarah Richardson to oversee communications and collaborations cross-departmentally as its head project manager.
LIV Golf Investments Appoints Chief Operating Officer
LIV Golf Investments focused on making strategic investments in golf, announced that it had appointed Atul Khosla as chief operating officer. Khosla was most recently the chief corporate development and brand officer for the NFL’s Tampa Bay Buccaneers.
The Running Event Draws 200 Exhibitors
The Running Event, held last week in Austin, said it drew 200 exhibitors, marking a return after being canceled in 2020 due to the pandemic.
F45 Partners To Help Fund International Expansion
F45 Training Holdings Inc. has partnered with Swoop Funding, a platform that offers small- and medium-sized businesses financing options. Through this partnership, new and existing F45 franchise owners will have access to Swoop’s network of direct lenders to provide financing solutions to franchisees.
Academy Sports Raises Outlook As Q3 Results Top Wall Street Estimates
Academy Sports + Outdoors again raised its outlook for the year after reporting results for the third quarter ended October 30 easily surpassing Wall Street targets. Comparable sales were up 17.9 percent on top of 16.5 percent last year.
Frasers Group Sales Expand 24 Percent In First Half
Frasers Group, the U.K.-based parent of Sports Direct, reported sales grew 23.6 percent in the 26 weeks through October 24.
Lululemon Again Hikes Outlook On Q3 Beat
Lululemon Athletica Inc. reported net income rose 30.7 percent in the third quarter on a 30 percent revenue gain. Results topped guidance and the retailer raised its outlook for the year.
El Cap-Movement Merges Banner Names To Movement Brand
El Cap-Movement announced that the company is moving its Earth Treks and Planet Granite gyms under the Movement brand umbrella to simplify and clarify its marketplace position.
Delta Apparel Expects Strong December Quarter Revenue Growth
Delta Apparel Inc. announced today that sees strong, broad-based revenue growth for its 2022 fiscal first quarter ending January 1, 2022.
Nike Seeks To Ban Adidas Shoes Allegedly Copying Flyknit Designs
Nike Inc. is asking a U.S. trade agency to block imports of a wide range of Adidas AG Primeknit shoes, shown lead image, saying the shoes infringe on Nike patents covering its lightweight Flyknit design technology.
TRX Partners With Zara
TRX, the maker of functional training products, announced a partnership with fashion brand Zara.
Evnroll Appoints National Sales Manager
Evnroll, known for its putters, announced the appointment of Matt Ludvik as national sales manager.
RP Designs Completes Acquisition Of Ellsworth Cycling
RP Designs, Inc., based in Atlanta, GA, announced it has acquired Ellsworth Cycling, LLC.
