SGB Update Sports & Fitness
Longwood Hockey Acquires Palm Beach Ice Works and Palm Beach Breakers
This transaction launches the beginning of Robbins, Laferriere and the Longwood Hockey team’s efforts to revolutionize hockey in South Florida.
Life Fitness Promotes Mahadevan to Chief Commercial Officer
Andrew Mahadevan has led Life Fitness’ Asia Pacific region as vice president and managing director since 2019. His promotion follows the retirement of Frank van de Ven, Life Fitness’ current chief commercial officer.
Cascade Health & Fitness Hires National Sales Manager
Matt Hennessey was hired as the national sales manager for Cascade Health & Fitness.
Celsius Holdings Shares Jump After Posting Q4 Profit, Nearly Doubling Sales
North American revenue increased 97 percent to $333 million, up from $169 million for the prior-year fourth quarter. Management noted that the North American business was led by expansion in distribution points and higher SKUs per location.
Xponential Fitness Sees Wider Q4 Net Loss on Charges and One-Time Costs
The higher net loss was said to be the result of an increase in restructuring costs from the company-owned transition studios, lower overall profitability, and an increase in impairment of goodwill and other assets, partially offset by other one-time items..
PPA Tour and Major League Pickleball Close Merger
The professional pickleball organizations Carvana PPA Tour (PPA Tour) and the MLP by Margaritaville (MLP) announced today the completion of the company’s previously announced merger and the formation of a singular pro pickleball holding company.
Orangetheory Fitness and Self Esteem Brands to Merge in All Stock Deal
The combination of Orangetheory Fitness, Anytime Fitness, Waxing the City, Basecamp Fitness/SUMHIIT Fitness, The Bar Method, and Stronger U Nutrition will represent $3.5 billion in systemwide sales and approximately 7,000 franchise locations across 50 countries.
Xponential Fitness Partners with Kinrgy to Launch Brick & Mortar Experience
The dance and fitness platform founded by dancer Julianne Hough, will open its first brick & mortar Kinrgy studio in West Hollywood, CA on March 1.
Asics Releases Findings from Gender Exercise Gap Study
Focus group participants frequently described how societal expectations about gender roles, including that women should bear the majority of family caregiving and household responsibilities played a major part in their stopping exercise.
Sierra Parent TJX Sitting Pretty as Most Others Deal with Market Turmoil
The parent of TJ Maxx and Marshalls said it is well-positioned to take advantage of the outstanding availability of quality, branded merchandise in the marketplace and flow fresh goods this spring. TJX had 95 Sierra stores at year-end 2023.
Frog Bikes Taps U.S. Distributor to Expand Availability of Premium Kids Bikes
The company said the alliance with GB Sport Distributors marks a significant milestone in Frog Bikes’ mission to empower young riders and make cycling more accessible to families across America.
Life Time Group Swings to Full Year Profit as Revenue Passes $2 Billion Mark
Full year revenue increased 21.6 percent to $2.22 billion due to continued strong growth in membership dues and in-center revenue. Fourth quarter revenue increased 18.2 percent to $558.8 million.
Life Time Grows Garden State Presence to Eight Locations
Located off the Garden State Parkway at 230 Half Mile Road in Red Bank, Life Time Middletown-Red Bank employs 230 full and part-time employees as part of the 127,000-square-foot space.
Life Time Appoints Andre Agassi as Chair of Pickleball and Tennis Board
With Founder, Chairman and CEO Bahram Akradi, who will serve as Board Co-Chair, Agassi will spearhead efforts to elevate the profile, programming, leagues, and community of tennis and pickleball.
Big 5 SG Posts Q4 Loss on Sharp Decline in Same-Store Sales
For the fiscal 2024 first quarter, BGFV expects same-store sales to decrease in the low double-digit range compared to the fiscal 2023 first quarter.