SGB Update Sports & Fitness
Yonex Appoints President Of North America Operations
LaNiece Douglas’ hire “will support Yonex’s stepped-up plans to expand in the U.S.” She was VP of and head of U.S. retail for Adidas since 2020.
Adidas, Shoe Palace and Skechers Stores Hit by LA Looters
An Adidas store in downtown Los Angeles on Broadway and Shoe Palace on Main Street, were hit by looters Monday night, June 9, as the civil unrest following days of anti-ICE protests continued overnight.
Industry Nine Acquires We Are One Composites
Industry Nine, based in Asheville, NC, is known for its hub and wheel systems while We Are One, based in Kamloops, BC, is known for its hand-laid carbon rims. By bringing the companies together, they are better positioned to “engineer exceptional products and push the boundaries of what’s possible for the cycling community.”
Beachbody Secures $35 Million in Funding from Tiger Finance
The three-year loan facility enabled the El Segundo, CA-based fitness and nutrition company to retire $17.3 million of outstanding debt while increasing its capital balance by approximately $5 million.
True Movement Acquires Mancino Mats
True Movement Tech, known for its trampolines, acquired Mancino Manufacturing Co., Inc., a U.S.-based manufacturer of safety padding and equipment for gymnastics, cheer, martial arts, and other sports facilities.
Academy Sports and Outdoors, Inc. Sees Profits Sink on Comp Sales Decline
Academy Sports and Outdoors, Inc. reported first-quarter earnings and sales that came in below analyst targets. The sporting goods chain widened its guidance for the year to account for potential additional pressure on earnings in the second half tied to inflation.
LIV Golf Appoints Chris Heck as President, Business Ops
The former President of the English Premier League’s Aston Villa FC, the National Basketball Association’s Philadelphia 76ers, and Major League Soccer’s New York Red Bulls brings over 30 years of industry knowledge and commercial success to the first global golf league.
Champion Inks Licensing Deal with NFL
Adding to its portfolio of league partnerships, which already includes the NHL, MLB and PLL. Champion will debut the partnership with a drop of exclusive, limited styles for the NFL at Fanatics Fest NYC, held at the Jacob K. Javits Convention Center June 20-22.
Club Champion Fitting Studio Opens in Golfinity Austin
The integration with Club Champion enables Golfinity to expand its performance offerings and deliver a more comprehensive golf experience for customers. This single-bay concept within an existing golf business is a new concept for Club Champion, and Golfinity Austin will serve as a test market.
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.
