SGB Update Sports & Fitness
Authentic Brands Group Appoints Head of Australia and New Zealand
The company appointed Lim Mi-Kyoung as SVP, head of Australia and New Zealand, reportedly overseeing its regional expansion, focused on brand development and driving long-term growth.
Perfect Game Names Mo Vaughn Special Assistant
The company reported that Vaughn will assist “in identifying youth baseball talent in parts of the country where socioeconomic status may prevent access or opportunity.”
Augusta Sportswear Brands and Founder Sport Group Merge to Form Momentec Brands
Momentec Brands also announced several additional leadership changes to take effect April 1, 2024. In addition to senior leadership team appointments, FSG CEO John Anton will be CEO of Momentec Brands, and ASB CEO David Elliot will serve as vice chairman.
Crunch Franchise to Open in Yuma, AZ
Crunch Franchise reported plans to open Crunch Yuma, a 40,000-square-foot fitness facility in Yuma, AZ, in a former Sears next to Burlington at Southgate Mall.
Moody’s Affirms Topgolf Callaway’s B1 Ratings, but Outlook Now Negative on EBITDA Concerns
The ratings agency said leverage is elevated due to weaker consumer demand at Topgolf than was expected a year ago and due to the company’s rapidly growing lease obligations to support the new Topgolf facility development.
Emerald Acres Sports Connection names GM for new $80M Complex
The 150-acre venue, funded by a $2 million state economic development program grant, includes multi-sport facilities, a family entertainment center and integrated hospitality and retail spaces.
Celsius Expanding to Australia and New Zealand with Suntory
Celsius selected Suntory Oceania to manufacture, sell and distribute its products in Australia and New Zealand. The company previously announced a sales and distribution agreement with Suntory Beverage & Food in Great Britain and Ireland.
Report: 2023 Resale Grew 15X Faster than Retail
A new study found that 60 percent of consumers shop for secondhand apparel, giving them more for their money, while 55 percent said they would spend more on secondhand clothing if the economy does not improve.
Pure Hockey to Open Store in Laguna Hills, CA
This will be the retailer’s fourth store in California, which also has locations in Anaheim, San Jose and San Marcos.
Report: Golf Rounds Played Rise in February, Helped by Nicer Weather in Central U.S.
National rounds of golf played in February 2024 were up 4.9 percent as warmer, drier weather in the middle of the country offset the effects of wetter, cooler weather in California and Florida.
Academy Sports + Outdoors Begins 2024 Store Expansion in Raleigh and Indy
The full-line sporting goods and outdoor recreation retailer will open 15 to 17 new stores in its fiscal 2024 year, starting with two new stores in the first quarter in Knightdale, NC and Greenwood, IN.
TRX Opens Global HQ and Training Center in Delray Beach, FL
TRX, the manufacturer of functional training products and training content, held a grand opening of its global headquarters and functional fitness gym, the TRX Training Center.
Perfect Moment Ltd. Posts Lower Fiscal Q3 Sales, Profits as Deliveries Pulled Forward
The sales decrease was said to be primarily due a substantial amount of wholesale revenue that historically was recorded in Q3 was instead accelerated into Q2 due to certain earlier-than-planned customer shipments.
Rhone Appoints Two New Board Members; will Launch First Women’s Collection in May
Bolsters its leadership team with the appointment of Athleta and CorePower Yoga veteran Tess Roering and ESPN Chairman Jimmy Pitaro.
Rally House Expands to 16 stores in Philly; Adds Storefront in Texas
Rally House opened a store at the Gloucester Premium Outlets in Philadelphia and one in Cedar Hill, TX.
