SGB Update Sports & Fitness
Mastercard SpendingPulse: Black Friday Sales Grow 3.4 Percent; E-Commerce Up 15 Percent
The firm reported that their data indicated online retail (e-commerce) sales increased 14.6 percent, while In-store (brick & mortar) sales were up a more modest 0.7 percent, compared to Black Friday last year.
Crunch Franchise to Open Fourth Crunch Fitness in San Antonio
The facility will be the fourth Crunch Fitness to open in San Antonio operated by Crunch Fitness franchisee The Undefeated Tribe.
Collegiate Licensing Pioneer Bill Battle Passes
Battle helped the University of Alabama create a licensing department, which led to his founding of the Collegiate Licensing Company (CLC) and what became a multi-billion dollar industry for collegiate licensing.
Stretch Zone Opens in Trophy Club, Texas
U.S.-based assisted stretching brand, announced the opening of its newest location in Trophy Club, TX, owned and operated by franchisee Danny Leverett, a multi-unit Stretch Zone owner.
Report: Black Friday In-Store Shopper Traffic Falls 8.2 Percent Year-over-Year
The brand’s ShopperTrak Analytics insights show that U.S. shopper visits were down 3.9 percent from November 24 through November 29, in line with the in-store traffic trends seen year-to-date (down 3.0 percent year-over-year).
Avenue Sports Fund and Playmaker Fund Partner to Source and Fund Sports Opportunities
The Fund’s athlete team includes Stephen Curry, Lauren Holiday, Harry Kane, Candace Parker, Michael Strahan and Lindsey Vonn.
Rally House Opens New Storefront in Minneapolis
Rally House Maple Grove Crossing opened on November 27. The retailer entered the Minnesota market this year with its first store in Tamarack Village in Woodbury. Today, it operates five stores in the state.
Sprung Gym Flooring Opens Ireland Headquarters
The provider of gym flooring solutions said the office, located in Sandyford, Dublin, will serve as the company’s headquarters in Ireland, to support demand for its gym flooring product line across commercial and residential sectors.
Topgolf Breaks Ground on New Ohio Location
Topgolf has broken ground on a two-level venue located in Avon, OH, approximately 20 miles west of downtown Cleveland. This will be the fifth Topgolf venue in Ohio.
Boston Pickle Club to Open Second Facility in Norwell
The indoor pickleball facility will open in December in Norwell for the South Shore community. This is the company’s second indoor club. The first location is in Boston’s Hyde Park.
Burlington Stores, Inc. Appoints Former Staples CEO to Board
Shira Goodman, former CEO of Staples, Inc., will join Burlington Stores Board of Directors and Audit Committee effective January 1, 2025.
Rally House Opens New Stores in Indiana, Arkansas and Philadelphia
Rally House and Sampler Stores, Inc. the family-owned specialty retailer that represents local NCAA, NFL, MLB, NBA, NHL, and MLS teams has opened three new stores in Noblesville, IN; Fort Smith, AK; and Philadelphia PA.
Nordstrom Beats Street Estimates for Q3 on DD Growth in Women’s Apparel and Active
In the third quarter, Nordstrom saw women’s apparel and active post double-digit growth, while shoes, men’s apparel and kids were up in the mid- to high-single-digits versus Q3 2023. Growth in women’s apparel, shoes and men’s apparel reportedly accelerated sequentially from the second quarter.
Kohl’s Snags Ashley Buchanan from Michael’s as New CEO; Kingsbury Signals Exit
Company CEO Tom Kingsbury plans to step down as CEO, effective January 15, 2025. He will stay remain in an advisory role to Kingsbury and retain his position on Kohl’s Board of Directors through his retirement in May 2025.
Kohl’s Shares Plunge 17 Percent as CEO to Exit and Q3 Results, Holiday Outlook Disappoint
The mid-tier retailer’s outgoing CEO Tom Kingsbury said in a Tuesday, November 26, media release that third quarter results did not meet expectations as sales remained soft in the retailer’s apparel and footwear businesses.
