SGB Update Sports & Fitness
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.
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
