SGB Update Sports & Fitness
Pvolve Expands Leadership Team with Two New Hires
Stacey Heald joins Pvolve as chief operating officer of franchise development, overseeing the business’ franchise strategy, operations, and P&L and Alexis McDowel joins the company as the first global VP of communications.
Walmart U.S. Now Sees 150 New Stores Over Next Five Years
The retailer is also finalizing construction plans on 12 new projects it intends to start this year, along with converting one of its smaller locations to a Walmart Supercenter.
Fanatics Commerce Appoints Three Key Executives
Stephen Dowling joins Fanatics Commerce in a new role as president, international. Valerie Love joins the company as chief people officer, and Justin Tsai joins in the newly created role of chief product officer.
McKinsey and WFSGI See Upbeat Execs in Sporting Goods 2024 Report
After a mixed 2023, sporting goods companies continue to face macroeconomic headwinds, winner-takes-all competition, and rising levels of physical inactivity around the world. Still, many executives say they are more optimistic than at any time over the past few years.
Tom Brady’s TB12 Nutrition Brand to Merge with Nobull
Nobull was purchased in 2023 by beverage veteran Mike Repole. The deal includes footwear, apparel and nutrition products previously housed under the TB12 and Brady brands. Brady becomes the second largest shareholder.
Gordon Brothers Will Sell Zulily Inventory & Fulfillment Center Assets
The company has been engaged to sell by private treaty over $85 million of inventory and the assets of two 775,000-square-foot fulfillment centers on behalf of Zulily ABC LLC.
Walmart Will Conduct 3:1 Stock Split
Shares to be issued in the stock split will be payable after market close on February 23, for shareholders of record at the close of business on February 22. Shareholders will receive a distribution of two additional shares of common stock for each share held.
Nordstrom Plans Two New Rack Locations in North Carolina
The new stores will be located in Raleigh and Matthews. The 32,000-square-foot Raleigh store will be located in Triangle Town Place open in fall 2024, while the 25,000-square-foot Matthews store outside Charlotte is expected to open in spring 2025.
IHRSA Hires Industry Veteran to Develop Education and Events
Katie Philipp joins the health & fitness trade association after almost two decades working in the wellness industry in various roles.
Pacific Cycle Recalls Ascend Cabrillo and Minaret E-Bikes
Following reports of the electric bikes’ lithium-ion batteries overheating while charging, Pacific Cycle recalled the Ascend Cabrillo and Minaret electric bikes.
The Ironman Group Appoints New CEO as Andrew Messick Departs Role
Scott DeRue joins the company as CEO from Equinox where he was president. DeRue will also join The Ironman Group’s Board of Directors. He succeeds Andrew Messick who announced his retirement after 12 years as CEO, but will remain on the Board.
Report: National Golf Rounds Played End 2023 Up 4.2 Percent
Golf Datatech, which agreed to be acquired by Circana, reported that National Rounds Played for 2023 were up 4.2 percent, with the most significant increase coming out of the Mid-Atlantic region covering New York, Pennsylvania and New Jersey.
WaterRower Acquires CityRow in Rowing Equipment and Content Tie-up
The acquisition complements WaterRower’s almost 40 years of rowing manufacturing, global distribution and Nohrd brand of strength and performance products.
Macy’s Shares Recover on Rumors of Another Buyout Bid
Sycamore Partners, the owner of retail brands Ann Taylor and Talbots, has been negotiating with Macy’s since December.
Report: The Changing Dynamics of Country Clubs
The pandemic seemingly increased interest in golf and tennis, leading to more visits and members at country clubs, particularly from a younger demographic. As a result, country club visits are up, and foot traffic is above pre-pandemic levels.
