SGB Update Sports & Fitness
Golftec Opens In Annapolis
Golftec announced the opening of an instruction and club fitting center in Annapolis, MD.
Brooklyn Bicycle Names Chief Operating Officer
Brooklyn Bicycle Co. announced it has hired Brad Accettella as chief operating officer.
D1 Training Receives Strategic Investment From Princeton Equity Group
D1 Training announced that it has received a strategic investment from Princeton Equity Group, a franchise and multi-unit private equity firm, to accelerate its nationwide expansion.
Nike Extends Partnership With U.S. Soccer
The U.S. Soccer Federation and Nike have announced a long-term agreement to extend its partnership that began in 1995. The scope of the integrated partnership makes it the largest commercial agreement in U.S. Soccer history.
Brian Moore Appointed Senior Vice President, Global Product, Saucony
Saucony, a division of Wolverine Worldwide, Inc. announced it had appointed industry veteran Brian Moore to senior vice president, global product, effective immediately.
LIV Golf Investments Hires Key Leadership Roles
LIV Golf Investments, led by golf legend Greg Norman, appointed Will Staeger as chief media officer. Also joining its leadership team are Slugger White, vice president, Rules & Competition Management and Jane MacNeille, vice president of communications.
Adidas Shaves 2021 Forecast On Sourcing Disruptions
Adidas slightly lowered its full-year sales and profit forecasts, citing sourcing disruptions and a tough market environment in China after third-quarter results missed analyst expectations. Currency-neutral sales in the third quarter increased 3 percent. On a currency-neutral basis, revenues in EMEA and North America both grew 9 percent, Latin America surged 55 percent and Asia-Pacific fell 8 percent.
Callaway Golf’s Q3 Revenues Surge 80 Percent
Callaway Golf Co. reported sales in the third quarter jumped 80 percent to $856 million, driven by a recovery in Topgolf’s sales and supported by continued demand for golf equipment and apparel. The company raised its sales and earnings guidance for the year.
Nautilus Q3 Revenues Decline On Reduced Direct Sales And Shipping Constraints
Nautilus Inc. reported sales declined 11.2 percent in the second quarter due to lower Direct sales and shipping constraints but grew 124 percent on a two-year basis, driven by triple-digit gains across both Retail and Direct segments compared to 2019 levels. The fitness equipment maker showed an operating loss in the latest period due to the impact of logistic costs and investments in its JRNY platform.
Fanatics Plans $500 Million Debt Offering
Licensed sports merchandise giant Fanatics Commerce Intermediate Holdco LLC plans to issue a $500 million senior secured term loan to fund investments at its parent entity, Fanatics Holdings Inc. S&P assigned a ‘BB-‘ credit rating to the debt issuance while Moody’s assigned a Ba3 CFR rating.
Aqualung Hires Director Of North America Operations
Aqualung announced it has hired Tim Vidmar as director of North America operations for the company. He joins the company after a decade at Fox Racing.
Titan Fitness Named Official Partner Of Spartan North America
Titan Fitness has signed on as an Official Partner of Spartan North America. The fitness equipment provider also becomes Official Training Partner of the Spartan Fit App, the Official Partner of DEKA, the Official Fitness and Training Equipment Partner of Spartan North America, and the Official Partner of the Spartan Pro Team
Gymshark Adds Tech Entrepreneur To Advisory Board
Gymshark announced that entrepreneur Gary Vaynerchuk is joining the company as an advisor to its board. This latest appointment comes as the U.K.-based fitness apparel brand is expanding its global presence.
Foot Locker And Designer Don C Launch Lifestyle Brand
Foot Locker announced the launch of All City by Just Don, a lifestyle brand created in partnership with Don Crawley, the American streetwear designer from Chicago known professionally as Don C.
Brooks’ Q3 Revenues Climb 24 Percent
Brooks’ Running reported revenue rose 24 percent year over year in the third quarter and is ahead 43.5 percent in the nine months. The brand warned that’s being impacted by supply chain disruptions.
