SGB Update Sports & Fitness
Target’s Q3 Same-Store Sales Climb 13 Percent
Target Corp. reported comparable sales grew 12.7 percent in the third quarter on top of 20.7 percent growth last year. Brian Cornell, CEO, said, “Our third-quarter comp increase of 12.7 percent was driven entirely by traffic, and reflects continued strength in our store sales, same-day digital fulfillment services and double-digit growth in all five of our core merchandising categories.”
Retail Sales Jump In October
The U.S. Census Bureau said overall retail sales in October were up 1.7 percent seasonally adjusted from September and up 16.3 percent year-over-year.
PeopleForBikes Finance VP To Exit
After more than 17 years overseeing the financial operations of the PeopleForBikes Coalition and Foundation, Erik Esborg announced he is stepping down as the organization’s vice president of finance next year.
The House Of LR&C Strengthens Advisory Group
The House of LR&C, a fashion house founded by Ciara, Russell Wilson and Christine Day, announced that the company has appointed David Adelman to its Board of Directors. The company also announced that they are bolstering internal resources with the addition of apparel industry executives Sheree Waterson and Gemo Wong as Advisors.
Life Fitness Appoints New CEO
Life Fitness announced the appointment of Paul Stoneham as CEO effective immediately.
Peloton To Sell $1 Billion In Stock
Peloton Interactive Inc. announced that it has commenced an underwritten public offering of $1 billion of shares of its Class A common stock.
On Q3 Revenues Surge 68 Percent In Third Quarter
On Holding AG, in its first report since going public, reported sales grew 68 percent in the third quarter as sales continued to accelerate in all channels, regions and product categories. Adjusted EBITDA ran up 67.9 percent and the gross margin reached 60.2 percent, up from 54.5 percent a year ago.
Fila Korea Q3 Sales Rose 1.1 Percent
Fila Korea reported net profits fell 20.2 percent in the third quarter as sales gained 1.1 percent.
Yue Yuen Sales In October Slump On Factory Shutdowns
Yue Yuen’s consolidated operating revenue in October fell 21.2 percent to $615.2 million from $781.0 million. The decline reflects the pandemic-related factory shutdowns in Vietnam.
CCM, Augusta Sportswear Brands Enter Uniform Partnership
CCM has named Augusta Sportswear Brands its exclusive amateur hockey sublimated game wear licensee in North America.
Topgolf Opens Seventh Florida Venue
Topgolf Entertainment Group is set to open its 73rd global venue in Fort Myers, FL on November 19.
ISPO Munich And OutDoor By ISPO Permanently Shift To New Dates
Together with sports and outdoor brands, retailers and industry associations, Messe München made two major changes effective immediately—ISPO Munich will be held permanently at the end of November, thus leaving the previous January date, and OutDoor by ISPO is moving permanently from the end of June to the end of May/beginning of June.
Beachbody Q3 Revenues Decline 17 Percent
The Beachbody Company Inc., in its first report since going public, reported a loss in the third quarter ended September 30. Sales declined 17 percent due to a drop in new health and wellness subscriptions.
NPD Launches Chinese Sports Footwear E-Commerce Tracking Service
The NPD Group announced the launch of its Chinese Sports Footwear E-Commerce Tracking Service, covering the sales of international and domestic sports brands in China’s e-commerce channels.
HitTrax And ProPlayAI Announce Partnership
InMotion Systems, the creator of the HitTrax Data Capture and Simulation System, has teamed up with 3MotionAI, creator of ProPlayAI to bring advanced biomechanics to its platform.
