SGB Update Sports & Fitness
Rally House Opens Two Stores In Upstate New York
Rally House opened stores in Syracuse and Buffalo. The sports fan chain now operates three stores in the state.
Racketpro Appoints CEO
Offering training and education for coaches and professionals in the world of racket sports, Racketpro appointed Dan Santorum as CEO. Formerly he was president of the Professional Tennis Registry.
EXEC: Jobs Report Sends Markets Lower on Concerns Over U.S. Economy
The U.S. economy only added 114,000 non-farm payroll jobs in July, fewer than the 175,000 expected by economists. The unemployment rate rose to 4.3 percent — its highest level since October 2021.
Brompton T-Line Foldable Bike Faces Recall
A loss of alignment between the handlebar and front wheel due to insufficient torquing of steerer clamp bolts could cause a rider to lose control and fall.
Crunch Franchisee Secures Investment Partner to Fuel Expansion
Fitness Ventures LLC has the rights to develop Crunch Fitness gyms in multiple regions across the U.S. and the Meaningful Partners investment is expected to help it expand its footprint across the country.
Onebeat Expands Executive Leadership Team, Appoints Chief Revenue Officer
Sevonne Eliyahu brings nearly two decades of growth strategy and executive experience at tech giants, including SimilarWeb and LivePerson.
Equinox Fitness Appoints President
Marc Mastronardi will assume the role as president on August 12, reporting to Harvey Spevak, executive chairman and managing partner of Equinox Group. He has 25 years of extensive retail experience, having held a broad range of leadership positions at Macy’s, Inc. where, most recently, he was the executive vice president and chief stores officer.
Fox Factory Specialty Gets Marucci Lift to Offset Q2 Decline in Bikes
The increase in Specialty Sports Group sales was primarily related to the inclusion of $41.6 million in net sales from Marucci, which the company acquired in 2023, partially offset by a $22.9 million reduction in bike sales.
Chipply Beefs Up Sales Team
Meghan Brazzelle was hired as a senior territory manager and Patrick Tolivar as a territory sales rep. Brazzelle and Tolivar will report to Grace Schettler, SVP of sales for Chipply, the online store software supplier for team dealers.
NSGA Names Hayley Fansler Business Development Director
The National Sporting Goods Association (NSGA) promoted Hayley Fansler to business development director. Fansler joined NSGA in March 2018 as business development manager.
Ironman Group Promotes Michelle Pepper to Managing Director of Oceania
In her new role, Pepper will be responsible for overseeing all aspects of the Oceania business for The Ironman Group, leading the four Oceania offices, Melbourne, Sydney and Noosa in Australia and Auckland in New Zealand, and the more than 80 full-time employees.
Yue Yuen Forecasts Robust Earnings Gains In First Half
Yue Yuen reported that net income will surge in the range of 115 percent to 120 percent in the first half, to $83.6 million, attributable to a pickup in footwear manufacturing.
Life Time Holdings Q2 Profit Surge on High-Teens Revenue Growth
Second quarter revenue increased 18.9 percent year-over-year to $667.8 million, which was attributed to continued growth in membership dues and in-center revenue.
Gildan Activewear’s Q2 Sales Improve 3 Percent On Activewear Boost
Gildan Activewear, Inc. reported sales rose 3 percent in the second quarter as 6 percent growth in its activewear segment offset declines in hosiery and underwear due to the phase-out of its sock license with Under Armour. Adjusted diluted EPS rose 17 percent year-over-year.
Life Time Promotes Erik Weaver to EVP and Chief Financial Officer
Weaver joined Life Time in 2004 and has served in increasing roles of responsibility, including as the company’s assistant controller from 2016 to 2018, as VP and controller from 2018 to April 2022, as senior vice president and controller, and as principal accounting officer, since April 2022.
