SGB Update Sports & Fitness
Report: Over Half of U.S. Consumers Plan to Watch Olympics
Nike is the brand most associated with Team USA, with 64 percent of consumers associating Nike, an official outfitter of Team USA, with the Olympics, followed by Adidas at 39 percent, and Under Armour at 26 percent.
Nike to “Modernize” Tech Division; Hires Former Salesforce Exec as CIO
Cheryan Jacob, a former Salesforce, Inc. executive, was hired this month as CIO as part of an effort to “modernize” the active lifestyle company’s technology infrastructure.
Sacks Parente Golf Plans Reverse Split of Shares to Maintain Nasdaq Compliance
The reverse stock split is intended to increase the price per share of the company’s common stock to allow it to demonstrate compliance with the $1.00 minimum bid price requirement for continued listing on Nasdaq.
PickleRage to Open New Jersey Club
The 32,950-square-foot facility will open at the end of Q4 2024 in the East Gate Square Shopping Center in Moorestown, 11 miles east of Philadelphia.
Planet Fitness to Open Edmonds, WA Location
Ohana Growth Partners, one of the largest franchise divisions of Planet Fitness, will open the 22,200-square-foot center in October. The Edmonds club will be OGP’s 13th Planet Fitness location in Seattle.
Oofos Appoints Erin Flynn Head of Sales
Flynn is a 20-year veteran of the athletic footwear industry and reportedly spent the past several years working with running and outdoor brands, specialty retailers and industry organizations.
X-Golf Opens Club in Annapolis
Equipped with seven simulator bays (five standard and two private) able to accommodate up to six players per bay, golfers can choose to play from various courses worldwide, including Pebble Beach and St. Andrews, on a membership basis.
Imperial Headwear Names VP, Peter Millar Licensing
Andrew Blatnik comes to Imperial from Oak Hill Country Club, where he served as the PGA director of retail operations. His previous experience also includes roles at Pinehurst Resort & Country Club and Wannamoisett Country Club.
Planet Fitness to Open First Franchise Locations in Spain
The fitness center franchisor is opening its first club in Spain, located in Sabadell, a province of Barcelona. The first several clubs will be a joint venture with a franchisee partner, and the remainder of the market will be franchised.
Pure Hockey to Open Second Las Vegas Location
This new store on West Lake Mead Blvd. will be Pure Hockey’s second in Las Vegas after opening its first store in the city in fall 2022 after acquiring The Penalty Box retail store.
MNC Capital Open to Make Direct Tender Offer to Vista Shareholders at $42 a Share
MNC said it is committing to its previously announced fully financed $42 per share all cash offer for Vista Outdoor Inc as a consolidated entity, and that it will not reduce the $42 per share price. Vista Outdoor is taking issue with the MNC media release.
Ross Stores Opens 24 New Locations
Together, Ross Dress for Less and DD’s Discounts operate 2,148 locations in 43 states, the District of Columbia and Guam.
Vista Outdoor Delays Stockholder Vote Again as CSG Raises Bid for Ammo Unit
In the latest chapter of a saga with more twists and turns than the election process in the U.S. this year, the Vista Outdoor Board of Directors will adjourn a special meeting of stockholders after CSG Group sweetens ammo deal.
Vista Outdoor Reaffirms Fiscal Year Guidance
The company sees consolidated company sales in the range of $2.665 billion to $2.775 billion and Adjusted EBITDA in the range of $410 million to $490 million for the fiscal year ended March 31, 2025.
Vista Outdoor Warns on Fiscal Q1 Sales, Profit Declines; Reaffirms FY Guide
Vista Outdoor reported preliminary results for the fiscal first quarter but did not report consolidated numbers, opting instead to report results for its two business segments, Outdoor Products and Sporting Products.
