SGB Update Sports & Fitness
USTA CEO To Step Down In March
USTA CEO and Executive Director Michael Dowse will step down from his position effective March 2022. Dowse was named USTA CEO and Executive Director in October 2019 after six years as president of Wilson Sporting Goods Co.
Kohl’s Debt Ratings Upgraded
Moody’s Investors Service changed Kohl’s Corporation’s outlook to stable from negative due to its improved credit metrics and improved profitability.
NPD: U.S. Cycling Market Year-Over-Year Gains Moderate
In the 12 months ending October 2021, the U.S cycling market grew its revenue by only 3 percent compared to the prior year, to just over $8.4 billion, according to NPD Retail Tracking data. In the year-ago period, sales grew 45 percent.
The Ironman Group Appoints CMO
The Ironman Group announced it has hired Suzanne Cohen as Chief Marketing Officer (CMO).
NPD: Kids’ Activewear Sales Increased 34 percent In 2021
Overlapping with the return of in-person learning and sports activities this year, revenue from kids’ activewear increased by 34 percent in the U.S., from January through October versus last year, according to The NPD Group.
Ports Keep ‘Container Dwell Fee’ On Hold Until December 13
The ports of Los Angeles and Long Beach, CA announced that consideration of the “Container Dwell Fee” would be held off another week until December 13.
CCM Hockey To Merge With Jackson Ultima And Atom
Sport Maska Inc., the Montreal-based owner of the CCM Hockey brand, announced the acquisition of Tournament Sports Marketing, Inc., the owner of the Jackson Ultima and Atom brands.
Golftec Opens In Memphis
Golftec continues to expand its nationwide footprint announcing the opening of an instruction and club fitting center in Memphis, TN.
PGA Tour Superstore Opens 50th Store
PGA Tour Superstore officially hit its 50th store milestone with the opening of its newest 34,000-square-foot location in San Antonio, TX.
Nike’s CFO Joins United Airlines Board
United Airlines Holdings Inc. announced that Matthew Friend, currently executive vice president and chief financial officer of Nike Inc., would join its Board of Directors.
True Fitness Appoints Chief Of Operations
True Fitness has named Matt Hacker as chief operating officer, replacing Ward Petito.
Puma Partners With Oklahoma’s FC Tulsa
Puma has formed a multi-year agreement to be the Official Soccer Apparel Partner of FC Tulsa, the American professional soccer team.
Nike Opens Nike Live In Las Vegas
Nike has opened a Nike Live at Downtown Summerlin in the Western outskirts of Las Vegas.
Callaway Appoints Board Member
Callaway Golf Company announced Bavan M. Holloway has been appointed to its Board of Directors, bringing the number of members to 13.
Life Time Proposed $475 Million Revolving Credit Facility Rated ‘B’
S&P Global Ratings assigned its ‘B’ issue-level and ‘1’ recovery ratings to U.S.-based owner and operator of fitness clubs Life Time Inc.’s proposed $475 million revolving credit facility due December 2026.
