SGB Update Sports & Fitness
Report: U.S. Golf Rounds Show Recovery In June
June’s gains marked an uptick after May’s rounds declined 0.8 percent. By region for the month, the most significant gains were in the Mid-Atlantic, according to Golf Datatech, a subsidiary of Circana.
PXG Opens Location In San Diego
PXG San Diego is located at Miramar Crossings, its third California-based retail and fitting studio.
Report: U.S. Consumer Sentiment Drops to 8-Month Low in July
The University of Michigan’s consumer sentiment index fell to 66.4 in July from June’s 68.2. Economists polled by FactSet had expected the reading to come in at 66.5.
Nutrition Brand Maurten Nets $22 Million in Funding Round
The new funding for the Swedish sports nutrition company is expected to help Maurten expand beyond sports and into the medical arena. Maurten also plans to accelerate its focus on female-specific research.
PGA Tour Superstore to Open First Store in Michigan
The 42,000-square-foot space in Novi, MI is the chain’s 69th in the U.S. across 26 states.
Athletic Republic to Open Second DFW Area Location
Athletic Republic North Dallas joins the Athletic Republic network as the second location in the DFW metroplex, following the opening of Athletic Republic Rockwall in October 2023.
Report: Decathlon in Talks to Acquire Stake in Spain’s Tradeinn
The e-tailer, based near Girona in Spain, sells sports equipment and clothing online via about 20 specialist sites, including Diveinn for diving, Goalinn for football, Trekkinn for outdoor equipment, and Smashinn for tennis and padel.
Deckers Brands Blows Past Fiscal Q1 EPS Targets on Hoka Momentum
Earnings in the fiscal first quarter ended June 30 came in well ahead of analyst targets, boosted by a spike in gross margins and 22.1 percent sales growth. Hoka once again led top-line gains, which saw sales jump 29.7 percent. Ugg’s sales gained 14.0 percent.
Skechers Raises FY Outlook as Q2 Tops Guidance
Skechers U.S.A., Inc. raised its full-year outlook after reporting earnings in the fiscal second quarter ended June 30 came in slightly ahead of company guidance on DTC strength. Earnings in the quarter slipped 5.1 percent on a 7.2 percent revenue gain.
Boston Pickle Club Signs Lease for Second Location in Greater Boston
The 28,000-square-foot indoor club in Norwell will operate on a membership-based model. The club will also offer professional instruction catering to all ages and skill levels.
Asics To Raise $1.2 Billion In Secondary Stock Offering
The secondary offering will be divided into two parts—a Japanese secondary offering of 27.2 million shares and an International secondary offering of 46.8 million shares.
CPSC Recalls Camzimo Bicycle Helmets Due to Risk of Head Injury
The CPSC advises customers who purchased the helmets to “cut the straps and dispose of the bicycle helmets immediately. Do no sell or give them away these hazardous bicycle helmets.”
Strava Appoints Tech Vet as General Counsel
Daniel Li joins Strava as the platform accelerates its product velocity. Since the spring, Strava has welcomed Matt Salazar as chief product officer and Rob Terrell as chief technology officer.
Tour Edge Appoints Golf Industry Vet as President
Long-time golf industry leader Tim Clarke as president, effective August 5. Current President David Glod will become CEO. He remains the majority owner and chief golf club designer of the brand, which he founded in 1986.
Escalade Posts Q2 Sales and Profit Declines as Consumer Demand Contracts
Weak demand and channel inventory de-stocking, particularly in the indoor/outdoor games categories, was partly offset by growth in the company’s Stiga table tennis, Bear Archery and Brunswick Billiards brands.
