SGB Update Sports & Fitness
On Holding Continues Strong DD Growth into Q4 with DTC Leading the Way
The company said the strength and increasing awareness of the On brand drove record-high traffic to the brand’s website and retail stores worldwide, resulting in a 46.2 percent direct-to-consumer share, the highest in the company’s history.
NRF Reports Import Cargo Returning to Normal After Red Sea Disruptions
Inbound cargo volume at the nation’s major container ports remains on track to show year-over-year increases through the first half of 2024.
Amped Fitness Opening First Texas Location
The new Amped Fitness studio will open in Richardson, TX, marking the company’s 25th corporate-owned gym.
Crunch Franchise Opens New SoCal Location
Crunch Monrovia is owned by Harman Fitness, one of the largest Crunch franchisees in the U.S. with 37 clubs open in five states.
Ross Stores, Inc. Opens 18 New Stores to Start the Fiscal Year
These new locations are part of the company’s plans to add approximately 90 new stores, comprised of about 75 Ross and 15 DD’s Discounts, during fiscal 2024.
HanesBrands Extends Apparel Partnership With Ole Miss
The University of Mississippi and HBI signed a three year extension on its current apparel partnership that gives HanesBrands exclusive rights to Ole Miss fanwear in the mass retail channel.
Macy’s, Inc. Hires VP to Lead Macy’s Media Network
Michael Krans oversees the company’s in-house media publisher connecting the retailer’s advertising partners with Macy’s and Bloomingdale’s customers.
Freeletics Closes $45 Million Funding Round with Superstar Investors
The Series A funding round was led by FitLab, Causeway Media Partners and Jazz Venture Partners, with participation from Courtside Ventures, Elysian Park Ventures, ward.ventures, and business strategist Tony Robbins.
REI To Open Tenth Store In Colorado
The 23,000-square-foot space will open in the Marketplace at Centerra in Loveland, CO with buy online/pickup in-store and curbside pickup service.
Genesco Inc. Q4 Comps Slip 4 Percent as Journeys Continues to Shrink
The overall 2 percent sales increase for Q4 was reportedly driven by a 6 percent increase at Schuh, a 9 percent gain at Johnston & Murphy and a 24 percent increase at Genesco Brands, partially offset by a decrease of 2 percent at Journeys.
Connexa Narrows Fiscal Q3 Loss; Raises Doubts About Going Concern Status
The company said the 29 percent sales increase for fiscal Q3 was due to incremental sales driven by Slinger Bag Pickleball as compared to the prior-year period
IHRSA Rebrands to Health & Fitness Association
IHRSA president and CEO Liz Clark announced a new name for the organization, the Health & Fitness Association during her address before the keynote at the Association’s convention and trade show on March 6 in Los Angeles.
Overstock Parent Acquires Zulily Assets; Plans Site Re-launch Before Summer
Zulily’s new website will be fully functional by the end of the second quarter and contribute to Beyond’s 24-month revenue goal without adding incremental fixed expenses. Overstock is scheduled to relaunch later this month.
Locally Closes Series A Round of Financing to Fuel Growth
Locally said it will use the funding from Corbel Capital Partners and Valency Capital to grow its team, expand into adjacent industries and raise its visibility with consumers, brands and retailers.
Primark Continues U.S. Expansion with New DC and Four Store Leases
The international clothing retailer continues its global expansion by opening a new distribution center in Jacksonville, FL, and will open new stores in Virginia, Maryland, Texas, and its first store in Tennessee.
