SGB Update Sports & Fitness
Trugolf Appoints Doug Bybee as Chief Revenue Officer
Doug Bybee join the company from Srixon and Cleveland Golf, where he was reportedly the team leader for regional and strategic channels.
Sports Endeavors Acquires NJ-Based Soccer Specialty Retailer
The parent of Soccer.com completed the acquisition of regional soccer specialty retailer Ewing Sports based in New Jersey.
Xponential Fitness Founder Resigns from CEO Post After Board Action
Founder Anthony Geisler resigned as CEO of Xponential. The company’s Board of Directors removed Geisler from his duties and suspended him indefinitely as CEO, effective April 13, 2024.
NBDA E-Bike Survey Reveals Leading Brands, Services and Systems
With the e-bike category experiencing unprecedented growth, the trade association of independent bicycle dealers said feedback gathered from over 552 bicycle retailers across North America provided invaluable insights into supplier performance and retailer satisfaction.
Rally House Opens Second Storefront in Wisconsin
Rally House expands its presence in Wisconsin to two storefronts after opening Rally House Outlets at The Dells in Baraboo on May 17. Last October, Rally House opened its House Mayfair Collection in Wauwatosa, WI.
Health & Fitness Association Carries PHIT Baton to U.S. Congress Meetings
The trade association, formerly IHRSA, reported that 120 industry leaders participated in this year’s HFA Fly-In and Advocacy Summit May 7-8 in Washington, DC, doubling last year’s attendance.
Snipes Appoints Martin Badour as President of Snipes USA
He succeeds Jim Bojko, who has left Snipes. In his new role, Badour will be responsible for managing the company in the United States, according to a press release from the company..
Ex-Nike DEI Boss Sentenced to 5 Years for Fraud
Barbara Furlow-Smiles stole over $5 million from Nike and Facebook as a DEI manager. Her greed got her a sentence of five years and three months in Federal prison this week.
Gildan Lawsuits Against Investors are Dismissed in Canadian Courts
Browning West, LP, a long-term shareholder of Gildan Activewear Inc. and beneficially owns approximately 5.0 percent of Gildan’s outstanding shares, said the two lawsuits brought by Gildan’s Board against Browning West have been dismissed.
Classic Football Shirts Secures $38.5M Funding Round for Expansion; Appoints Exec Chair
The Chernin Group invested $38.5M of growth equity capital into the company. Cormac Barry, a senior executive with over 25 years’ experience in online B2C, online B2B and retail across multiple sectors has joined the company as executive chairman.
Dillard’s, Inc. Sees Fiscal Q1 Comps Dip 2 Percent; Net Income Sinks 11 Percent
Total retail sales, which excludes the company’s construction business, CDI Contractors, LLC, for the fiscal first quarter were $1.49 billion, down 1 percent from $1.52 billion in the year-ago Q1 period.
Five Iron Golf to Open in Dubai; Secures Development Rights in the UAE
Five Iron Golf will open its most expansive venue in Dubai, spearheaded by entrepreneurs Matthew Csillag and David Zabinsky, alongside General Manager Andrew Bostock. With a multi-unit franchise agreement spanning six sites in the UAE, the team secured exclusive development rights in the region.
Under Armour Issues Tepid FY Outlook as Company Resets Weak U.S. Business
The company reported fiscal 2024 Q4 net revenue was down 5 percent year-over-year to $1.3 billion for the three-month period ended March 31, 2024, while reported EPS shrank to to 2 cents a diluted share in Q4 from 38 cents in the prior-year Q4 period.
HanesBrands and TCU Extend Long-Term Apparel Partnership
HBI secured a five-year extension of its current partnership with Texas Christian University, renewing the exclusive rights to manufacture and distribute Horned Frog fanwear in the mass retail channel.
U.S. Sporting Goods Segment Retail Sales Decline in April as Market Grows 3.9 Percent
Sporting Goods, Hobby, Musical Instrument, Bookstore sales were reported down 4.7 percent YoY from April 2023 and down 0.9 percent versus March 2024. Clothing and Clothing Accessories Stores sales were up 2.7 percent YoY.
