SGB Update Sports & Fitness
NRF: Summer Import Cargo Forecast to Surge but Full Year is Expected Down
Ports have not yet reported numbers for May but Global Port Tracker projected the month at down 13.4 percent from April and down 8.1 percent year-over-year. Volume is expected to surge over the summer and then expected to drop sharply for the remainder of 2025, with large year-over-year declines seen partly because imports in late 2024.
Hanes Names S&S Activewear Exclusive Distributor for Printwear
The exclusive distributor of the Hanes brand in the North American printwear channel will carry the full range of Hanes styles and also offer deeper inventory positions and enhanced availability across its national distribution network to support decorators and promotional partners.
Dick’s SG Promotes Amanda Bonzo to VP Communications
Dick’s Sporting Goods promoted Amanda Bonzo to VP of communications. She joined Dick’s as senior director of communications in 2020 and took over as communications lead from former chief communications officer Peter Land in 2023.
Beyond Yoga Opens First East Coast Store
The 2,760-square-foot store in in Greenwich, CT is the Levi’s-owned brand’s largest to date and eighth overall. The company has additional store openings planned for later this year in Boston’s Seaport neighborhood, Westport, CT and Marin, CA.
IFit Partners with Xponential Fitness to Add Club Pilates and YogaSix Classes to Fitness Library
The membership-based fitness platform, which offers interactive, virtual workouts for home fitness equipment, has expanded its fitness library to include member access to content from Club Pilates and YogaSix.
Survey: What is the Price Increase Cutoff for Consumers to Drop a Purchase?
A recent survey conducted by ESW, compiled in “Impact of Tariffs on Purchasing Decisions,” reveals that 6 in 10 U.S. consumers will not absorb a 10 percent or greater increase in pricing at checkout due to tariffs.
GT Golf Supply Acquires Global Rights and IP of the Clicgear Golf Pushcart Brand
The company, backed by Kinzie Capital Partners LP, acquired the global rights to the Clicgear golf pushcart brand and all associated intellectual property from Clicgear Industrial Design Ltd. GT Golf said Clicgear is the leading brand in the golf pushcart market.
Recall: Specialized Bicycle Components Haul ST and LT E-bikes with Telescopic Seat Posts
This recall (No. 25-319) involves the 13-inch telescopic seat posts that the company originally equipped on the Specialized Globe-branded Haul ST e-bikes and Haul LT e-bikes. “Haul ST” and “Haul LT” are printed on the bicycle’s downtube.
Manchester United’s Commercial Revenues Expand 7 Percent In Fiscal Q3
The professional football club based in Manchester, England, reported commercial revenue for the fiscal third quarter ended March 31 was £74.7 million ($101 mm), an increase of 7.3 percent over the prior-year quarter.
Recall: BowFlex Adjustable Dumbbells
Johnson Health Tech Trading, the parent company of BowFlex, announced a voluntary recall of BowFlex 552, 52.5 lb Adjustable Dumbbells and BowFlex 1090, 90 lb Adjustable Dumbbells, due to impact hazards, including 3.7 million sold by Nautilus, Inc.
Dick’s SG Seeks to Make Debt Exchange with Foot Locker as Part of Acquisition Deal
The U.S. retailer of sports equipment, apparel, footwear, and accessories, is offering to exchange its debt for Foot Locker’s $400 million outstanding debt as part of its pending acquisition.
The NBA Opens Lids Operated Store In Mall of America
In partnership with Lids and Fanatics, the store will offer an immersive experience for consumers to connect with the game while shopping a wide range of NBA and WNBA merchandise.
Lululemon Axes FY EPS Guidance Despite Q1 Beat
The company reported earnings and sales exceeded its guidance in the fiscal first quarter ended May 4, but still trimmed its EPS outlook for the year and provided guidance for the second quarter that was well below analysts’ consensus target.
Nike Promotes Tony Bignell to Chief Innovation Officer
Nike has confirmed reports that Tony Bignell, VP of men’s sport performance footwear, has been promoted to chief innovation officer. He replaces John Hoke who plans to retire in October.
Adidas Gets Debt Upgrade by S&P on Improving Performance
S&P Global Ratings raised its debt ratings on Adidas due to the brand’s stronger-than-expected deleveraging trend, mainly driven by the group’s sustained momentum in its underlying operating performance and cash flow generation improvements versus previous forecasts.
