SGB Update Sports & Fitness
Cool Clubs Opens Clubfitting Studio In SunRidge Canyon
Cool Clubs announced the opening of a Cool Clubs Fitting and Performance Center at SunRidge Canyon in Arizona, its newest of 23 golf club fitting centers worldwide.
Under Armour To Close Store In Downtown Detroit
Under Armour Inc. reportedly plans to close its store in downtown Detroit, according to Crain’s Detroit Business.
Soccer Shots Secures Investment
Soccer Shots, the youth soccer franchisor, has secured an investment from Susquehanna Private Capital. Terms of the transaction were not disclosed.
Columbia Sportswear Appoints VP, U.S. Sales, Columbia Brand
Columbia Sportswear Company announced it has named Jim Beeman as vice president, U.S. sales for the Columbia brand. He was at Nike for 22 years.
Planet Fitness To Acquire 114 Locations From Franchisee
Planet Fitness Inc. has signed a definitive agreement to acquire Sunshine Fitness Growth Holdings, LLC, an operator of more than 100 Planet Fitness clubs in the Southeast United States in a cash and stock transaction valued at $800 million. The fitness chain also revealed favorable membership growth trends for 2021.
TaylorMade Earns B1 CFR Debt Rating From Moody’s
Moody’s Investors Service assigned a B1 Corporate Family Rating (CFR) and a B1-PD Probability of Default Rating to 19th Holdings Golf, LLC, the parent of TaylorMade golf brand. The company is seeking a $1,050 million first lien term loan.
JD Sports Raises Outlook On Merry Holiday Results
JD Sports Fashion, which owns Finish Line, DTLR Villa and Shoe Palace in the U.S., on Wednesday raised its annual profit forecast for the second time in four months. Total revenues for the twenty-two week period ended January in the Group’s same-store businesses were more than 10 percent ahead of the same period in 2020 with an equally positive performance across the Black Friday and Christmas period.
Club Champion Acquires Canada’s Tour Experience Golf
Club Champion announced the acquisition of Canadian fitter and builder Tour Experience Golf (TXG).
Fanatics Appoints SVP, International Business Development
Fanatics announced the appointment of Matthew Primack as senior vice president, International Business Development. He was formerly at IMG Licensing.
Adidas Sets Major Expansion For Downtown Los Angeles
Adidas has leased 107,000 square feet of office space in downtown Los Angeles marking a major expansion of its Los Angeles operation for marketing and sales and design according to a report in the Wall Street Journal.
REI To Open Distribution Center In Tennessee With Sustainability In Mind
REI announced that it is building a distribution center in Lebanon, TN to support its growth on the East Coast and in the Midwest and South.
Adobe: Holiday Online Sales Grew 9 Percent
Adobe released the Adobe Digital Economy Index, its final online shopping figures for the holiday season (November 1 to December 31). Consumers spent a total of $204.5 billion over the 2021 holiday season, up 8.6 percent year-over-year (YoY).
PLAE Expands With Innovation Factory And Custom-Built Racks
PLAE announced it has invested more than $10 million in a 90,000-square-foot factory to custom-build a new line of strength training racks.
Urban Outfitters Holiday Comps Rise 14.6 Percent
Urban Outfitters, Inc. announced net sales over November and December rose 14.6 percent, although it indicated that higher freight costs and promotions at the Free People brand will impact margins.
Yue Yuen Revenues Up One Percent For 2021
Yue Yuen reported sales slipped 2.1 percent in December and ended up 1.0 percent for the year.
