SGB Update Sports & Fitness
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.
Compass Diversified Prices Proposed Private Offering
Compass Diversified (CODI) announced that the company has priced $300 million in aggregate principal amount of 5.000 percent senior unsecured notes due 2032 at an issue price of 100 percent in a previously announced private offering.
Gympass Announces Collaboration With Fitness International
Gympass announced a collaboration with Fitness International, LLC, which owns the LA Fitness, City Sports Club and Esporta Fitness brands.
Leatt Corp Announces Record Breaking Results For Third Quarter
Leatt Corp., the maker of protective equipment and ancillary products for extreme motor sports, reported third quarter revenues of $22.1 million, up 94 percent, compared to the 2020 third quarter.
Running USA Releases Results Of 2021 Event Management Study
Running USA released the results of its 2021 Event Management Study that documents the challenging environment for event operators who are working to bring races and running festivals back to pre-pandemic participation levels.
Puma Golf Expands Partnership With Golf Canada
Puma Golf and Golf Canada announced an expansion of its current partnership, naming Puma as the Official Apparel and Headwear Partner of Golf Canada’s National Team Program.
F45 Training’s Q3 Sales Expand 24 Percent
F45 Training Holdings Inc., in its first report since going public, reported same-store sales increased 6 percent globally and 67 percent in the U.S. in the third quarter ended September 30. The fitness franchisor posted a loss in the period, but adjusted EBITDA increased 37 percent.
Lune Active Secures North American Distributor
Amsterdam-based Lune Active has retained Montreal-based In-Sport Fashions as its distributor in North America.
SportChek’s Q3 Comps Expand 11 Percent
Canadian Tire Corporation, Ltd. reported comparable-store sales at SportChek were up 11.2 percent in the third quarter, led by growth in athletic apparel, footwear, hockey, and team sports.
SquadLocker Appoints President
SquadLocker announced it has hired digital e-commerce veteran Scott Brazina as president and member of the company’s Board of Directors. He is responsible for SquadLocker’s strategy, sales, marketing, partnerships, product, customer experience, and go-to-market directive.
Xponential Fitness’ Q3 Revenues Vault 60 Percent
Xponential Fitness Inc. reported revenue grew 60 percent in the third quarter with North American system-wide sales ahead 93 percent year over year.
Nike To Open Store In Milwaukee
Nike plans to open a store at Milwaukee’s Bayshore Town Center open-air shopping mall, according to the Milwaukee Business Journal.
Mizuno’s Sales Climb 28 Percent In Fiscal Half
Mizuno Corp. reported a significant rebound in profits in the six months ended September 30 as sales grew 28.4 percent. The sales gains were helped by strong sales in golf and running, especially in the Americas and EMEA.
