SGB Update Sports & Fitness
Vision Fitness Appoints GM for U.S. Commercial Business
Chris Torggler was hired as general manager of the U.S. Vision Commercial Group. He brings 30 years commercial fitness industry sales and product leadership experience to the new role.
Game One Appoints Chief Executive Officer
Team sports retailer Game One promoted company president Pat Weber to chief executive officer, effective February 16, 2024. As CEO he will also maintain his role as president of the company.
The Athlete’s Foot Posts 7 Percent Sales Increase in Fiscal 2023
The Athlete’s Foot sneaker and streetwear chain has 550 stores and e-commerce shops in 30+ countries. Its global headquarters are in Stans, Switzerland, and Atlanta, Ga. in the United States.
Macy’s Inc. Swings to Q4 Loss on $1 Billion Charge for New Plan, Store Closures
Included within the charge is a roughly $950 million non-cash asset impairment charge, primarily related to the approximately 150 locations planned for closure and the remaining associated with corporate assets.
Macy’s, Inc. to Shutter 150 Macy’s Doors, Boost Investment and Door Count in Luxury
As part of the strategy, approximately 15 Bloomingdale’s nameplate stores, 30 new Bluemercury stores and roughly 30 Bluemercury remodels are anticipated to open in new and existing markets over the next three years.
Dillard’s Q4 Sales Decline Year-Over-Year Despite Extra Week
Total retail sales decreased 5 percent on a like-for-like 13-week basis. Sales in comparable stores for that same period decreased 5 percent.
Report: January Golf Rounds Played Stymied by More Seasonal Weather
National rounds played for January 2024 were down 16.6 percent as wetter, colder weather in key Southeast markets and all off-season regions offset the substantial growth in golf rounds played in California, with solid growth in Arizona, New Mexico and Nevada.
The Beachbody Company Ticker Symbol Changes Next Week
Class A common stock will begin trading on the New York Stock Exchange under the new ticker symbol BODI before the market opens on March 4, 2024.
Wofford College Appoints New Director of Athletics
Scott Kull is the deputy athletics director for external affairs and executive director of the University of North Carolina Charlotte Athletics Foundation and will join Wofford on April 1, 2024.
Anytime Fitness Parent Boasts Double-Digit Revenue Growth in 2023
Across SEB’s portfolio of brands, combined franchise sales grew by more than 500 units worldwide, including 284 new non-U.S. locations and systemwide revenues were up 12.3 percent in 2022.
Rep Fitness Strengthens Global Footprint with New Japan Distributor
The company has partnered with Uchinogym as its distributor in Japan empower commercial gyms, home gyms, and more with exclusive access to Rep’s product line.
Pickleball Kingdom Expanding to the Windy City
A series of indoor pickleball clubs across Chicago, spearheaded by GTOne Management Group, which is led by industry veterans Abhilash and Rama.
Baseline Fitness LLC Acquired by Private Investment Firm
The Planet Fitness franchisee, which has 100 locations under its umbrella, was acquired by Mayfair Capital Partners, a division of Oxford Financial Group, Ltd.
New Balance Hits $6.5 Billion in 2023; Nearly Doubles Sales Since 2020
The company delivered double-digit record growth in every global market in 2023, reaching $6.5 billion in annual sales, a 23 percent increase from 2022.
National Golf Course Owners Association appoints new Board Member
The NGCOA recently selected Bobby Jones Links Founding Partner Whitney Crouse to serve on its Board of Directors. He has spent over three decades developing, building and managing golf properties.
