SGB Update Sports & Fitness
SRAM’s Debt Ratings Affirmed by Moody’s
Moody’s affirmed SRAM’s B1 corporate family rating, probability of default rating, and the B1 rating on its senior secured first lien credit facility. It also gave the Chicago-based bike component manufacturer a stable outlook.
JD Sports Opens First Store in the Middle East
The occasion follows the franchise agreement with GMG, announced in July 2023, and a testament to the brand’s global reach and appeal.
Wolverine Worldwide Names New CFO
Taryn Miller was appointed as the company’s chief financial officer. She will succeed Michael D. Stornant, who is retiring after nearly 30 years with the company.
Puma Returns To Growth In The Americas In Q1
Puma’s sales in the Americas region showed positive sales growth in the first quarter on a currency-neutral basis for the first time in four quarters but reported sales and earnings declined due to unfavorable currency effects and challenging year-ago comparisons. The results were in line with company expectations, and full-year guidance was maintained.
GoPro Q1 Loss Expands as DTC Web Sales Tank and Retail Surges 33 Percent
Revenue from the retail channel was up 33 percent year-over-year, while GoPro.com revenue, including subscription and service revenue, was down 48 percent year-over-year.
Report: Down 98 Percent, Peloton May be Attractive at the Right Price
PTON shares surged in the mid-teens on Tuesday, May 7, after CNBC reported early that several private equity firms had considered a buyout of the connected fitness company.
Life Time and Lululemon Announce New Apparel Partnership
Lululemon becomes an official apparel partner of Life Time Tennis and Pickleball.
Celsius Holdings Reports Record Q1 Revenue and Gross Profits
Celsius reported its best first quarter ever driving record revenue and contributing 47 percent of the quarterly year-over-year growth in the energy drink category.
Report: First Quarter Results Show Economy is Slowing but “Remains Resilient”
Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, according to recent comments from National Retail Federation (NRF) Chief Economist Jack Kleinhenz.
Titleist Drives Double-Digit Q1 Growth in U.S. Market for Parent Company
The U.S. market set the pace for the quarter with a 13 percent increase in sales year-over-year. Net sales in regions outside the U.S. decreased 8.5 percent (-6.5 percent CC), due primarily to lower sales in Korea, EMEA and Japan.
Nordstrom, Inc. to Open New Rack Location in Minnesota
The new 30,000-square-foot Nordstrom Rack store will be in Apple Valley, MN, and it is scheduled to open in spring 2025 in the Fischer Marketplace.
Xponential Fitness Narrows Q1 Loss as Revenues Grow in the Low Teens
The company reportedly increased first quarter North America system-wide sales 25 percent to $401.1 million with North America same-store sales growth of 9 percent, cycling growth of 19 percent in the year-ago Q1 period.
LIV Golf Appoints Chief Marketing Officer
Adam Harter is expected to lead all marketing activities, including developing the league and team brands, growing the size and engagement of its global fan base, delivering unique and dynamic marketing initiatives for the company and its International Series.
Kent Outdoors Hires Chief Supply Chain Officer
Dave D’Angelo brings over 25 years of experience in manufacturing, global operations and supply chain optimization to the company.
Superstroke Acquires Lamkin Golf Grips
In its efforts to help all golfers improve their swings, the company offers putter grips with new shapes, sizes, materials, and technologies. Most recently, the company purchased 100-year-old company, Lamkin Grips.
