SGB Update Sports & Fitness
PGA Tour Superstore CEO Dick Sullivan to Retire
Sullivan will retire from his day-to-day CEO role with the company later this summer. He will remain CEO until a new leader is in place and then continue as executive chairman of the company into the future.
Lids Begins Nationwide Roll Out of New In-Store Format
This rollout represents a customer-centric experience where every visit feels personal, engaging and tailored to the individual. Lids will use key learnings from the initial store openings to continue evolving and expanding the in-store concept.
Newton Golf Company Expands Tour Presence with Key Appointments
Andy Harris and Jeff Opheim will represent the company as Tour reps for the PGA Tour, PGA Tour Champions and Korn Ferry Tour. Company Founder and Chief Technology Officer Aki Yorihiro will take on a key role as Tour representative for the LPGA and PGA Tour Champions.
Planet Fitness Franchisee Joins NewRoad Capital Partners
The new partner at the firm, Vincent Love, is based out of Denver, CO. He is a Planet Fitness franchisee, owning five gyms in Colorado and Wyoming.
NSGA Report: Pickleball Grows 56 Percent; Flag Football Leads Youth Team Sports Growth
Most sports/activities tracked (35 of 56) experienced increased participation for 2024. Pickleball’s boom continued as it increased 56 percent to 15.4 million participants. It is the third consecutive year the sport has seen a year-over-year increase of more than 50 percent.
Crunch Fitness Acquires Nine 24 Hour Fitness Gyms in Florida
With the opening of these nine new locations, CR Fitness Holdings, LLC, led by industry veterans Vince Julien, Geoff Dyer, Scrimale, and Jeff Dotson, will now operate 84 gyms across Texas, Florida, Georgia, North Carolina, and Tennessee.
Under Armour Appoints Three New Members to Board of Directors
Effective April 15, Dawn N. Fitzpatrick, Eugene D. Smith, and Robert J. Sweeney joined the company’s Board of Directors, which also includes Douglas E. Coltharp, Jerri L. DeVard, Mohamed A. El-Erian, Carolyn N. Everson, David W. Gibbs, Karen W. Katz, Eric T. Olson, Kevin A. Plank, and Patrick W. Whitesell.
Leonard Green & Partners Takes Majority Stake in Crunch Holdings
The firm or its affiliates have, at one time or another, been a partner or owner of Authentic Brands Group, Varsity Brands, The Sports Authority, Big 5 Sporting Goods, PureGym, Life Time Fitness, and many more.
BSN Sports Taps Donald Driver as Chief Motivation Officer for SURGE Program
SURGE (Strength, Unity, Resilience, Growth, and Equity) was founded one year ago to address the needs for tailored resources expressed by coaches and female athletes nationwide.
Under Armour Taps Cam Ward to Lead Strong NFL Draft Class for the Brand
Cam Ward, Luther Burden III, Nick Emmanwori, Matthew Golden, and Tyler Booker are the latest additions to the UA Football roster.
Jetset Pilates Inks Two Chicagoland Location Deals
The Miami, FL-based modern Reformer Pilates franchise, is entering the Chicago area after signing its first franchise deals for new locations in Naperville and Winnetka, IL.
Former Reebok Exec John Frascotti Elected Executive Chair of Newman’s Own BOD
Frascotti led multiple high-growth business units at Reebok International, Ltd. including the company’s sports footwear and apparel division, acquisitions, global sports marketing, and licensing.
TSG Consumer Appoints Managing Director and Chief Legal Officer
TSG’s representative past and current partner companies in the active lifestyle market include Backcountry, Canyon Bicycles, Nuun, Planet Fitness, Revolve and CorePower Fitness.
CNBC/NRF Retail Monitor Sees March Y/Y Retail Sales Growth Accelerate
Growth in the Clothing, Footwear and Accessories Stores sector softened from the January and February trends, while the industry that includes Sporting Goods stores accelerated versus January and February periods, according to the CNBC/NRF Retail Monitor for March.
The Beachbody Company Receives NYSE Notice as Market Cap Falls Sits $50M
The company must submit a business plan within 45 days of receipt of the NYSE Notice that demonstrates how the company expects to return to compliance with this continued listing standard within 18 months of receipt of the NYSE Notice.
