SGB Update Sports & Fitness
Compass Diversified Sees All Q1 Upside Coming from Branded Consumer Group
CODI saw first quarter sales increase 11.0 percent to $375.4 million on a pro forma basis in its Consumer Brands segment, which includes the 5.11, Boa, Primaloft and Velocity Outdoor brands in the active lifestyle market, among other consumer brands.
REI Co-op to Open Store in College Station, TX
The new store will be the outdoor retailer’s 11th in the state of Texas.
RIA Inducts 2024 Run Specialty Hall of Fame Members
The 2024 inductees are Jim Weber, Brooks Running; Colin Peddie, Marathon Sports; and Duncan Finigan, who was an Oofos executive, who passed away on May 26, 2019, from breast cancer.
Pentland Brands Names New President of Americas as Matt Rock Steps Down
Spies, formerly the senior vice president of sales for Pentland Brands North America, brings over 17 years of experience from his tenure at Converse, including his last role as vice president of its wholesale business for North America.
Garmin Ltd. Posts Strong Q1 Results with Gains Across All Segments
Revenue from the Fitness segment increased 40 percent, revenue from the Outdoor segment increased 11 percent and revenue from the Marine segment increased 17 percent for the quarter.
Under Armour Taps Yuron White as SVP, Sportswear, Run, Basketball/Curry & Collabs
White joins Under Armour from New Balance, where he was the VP of Global Lifestyle, Basketball and Innovation. Before that, he worked at Nike where, most recently, he was the VP of Performance Sports and Cross Category Concepts.
Amer Sports Divests Cycling Manufacturer ENVE Composites to Utah Firm
Founded in 2007, ENVE is one of the few U.S. cycling brands with all-American in-house manufacturing of high-tech bike performance products, including wheels, components and bikes.
Anytime Fitness Master Franchisee Expands Into Germany
Eighty-8 will continue to operate as a local subsidiary of Fast Fitness Japan as the master franchisee for Anytime Fitness in Germany.
Wolverine Worldwide Enters Licensing Agreements for Merrell and Saucony Brands
WWW entered two new global licensing agreements as part of its ongoing “strategic transformation” into a brand-led growth company for Merrell and Saucony kids footwear and Merrell apparel and accessories.
Big 5 Sporting Goods Falls to Q1 Loss as Comps Fall 13.5 Percent
The company said the calendar shift of the Easter holiday, during which the company’s stores were closed, from Q2 2023 to Q1 2024, negatively impacted sales comparisons by approximately 100 basis points.
Fanatics Adds Sunderland AFC to Football Club Portfolio
Fanatics becomes the exclusive operator for the Club’s online and stadium store and includes a significant investment in a new retail store at the Stadium of Light.
Vista Outdoors Postpones Investor Day as it Measures Suitor’s Interest
Initially scheduled for May 29, the event will now take place early in the fall at the company’s Adventure Sports headquarters in Irvine, CA. The company will share the rescheduled date closer to the event.
One Stop Sports Rebrands to Replay Sports Cards
With national expansion on the horizon, the team is focused on building a “robust” training program for future Replay Sports Cards shops nationwide. Community Franchise Group is assisting in the company’s growth.
Wolverine Worldwide Appoints Chief Legal Officer and Corporate Secretary
Dave Latchana was promoted to chief legal officer and corporate secretary, overseeing the company’s legal, compliance, corporate communications, risk management, ESG, security, and loss prevention functions.
Tailwind Nutrition Hires VP of Marketing
Kristen Flemington joins the company from Dutch Bros Coffee where she provided integrated marketing support prior to the company going public in 2021.
