SGB Update Sports & Fitness
Crunch Fitness Appoints New President as Midgley Moves to Board
Chequan Lewis, former COO at Pizza Hut U.S., was president of Crunch. Ben Midgley will transition from CEO of Crunch Franchising to Crunch’s Board of Directors as of March 15, and will be integral in franchisee relations.
Report: January Year-Over-Year Retail Sales Trend Accelerates from December Trend
January sales were up in six out of nine retail categories on a yearly basis, led by online sales, health and personal care stores and clothing and accessory stores, and up in five categories on a monthly basis.
Former TaylorMade CEO Mark King Tapped as Big3 Chairman
The global 3-on-3 basketball league founded by Ice Cube and Jeff Kwatinetz tapped sporting goods industry veteran Mark King to join the Big3 as chairman of the Board of Directors.
Adidas Neuroscience Study Assesses Impact of Pressure on Sports Performance
Adidas set out to tackle the negative impact of pressure in sports and found that grassroots athletes experience the same amount of pressure as elite-level athletes but are less equipped to deal with it.
Amer Sports Prices and Increases New Private Notes Offering
The new size of the offering reflects an increase of $200 million in aggregate principal amount of the Notes from the previously announced offering size of $600 million.
NRF: Import Cargo Continues to Rise Despite Red Sea Disruptions
U.S. ports covered by Global Port Tracker handled 1.87 million Twenty-Foot Equivalent Units, one 20-foot container or its equivalent, in December, the latest month final numbers are available, down 1 percent from November but up 8.3 percent year-over-year, the report indicated.
Shein to Expand U.S. Presence with Seattle-Area Office
The company anticipates hiring over 50 employees in logistics and distribution to work from the new space by the end of 2024.
Under Armour North America Sales Fall 12 Percent in Fiscal Q3
Overall revenue was down 6 percent to $1.5 billion for the quarter as International revenues grew 7 percent. Revenue is expected to be down 3 percent to 4 percent for the fiscal year, tightening the previous expectation of a 2 to 4 percent decline.
Puma Appoints Julie Legrand to Lead Global Brand Strategy
Legrand brings 20 years of experience in marketing and brand management to the role. Most recently, she worked as H&M’s global brand director. She also held senior positions in marketing and brand at Procter & Gamble.
Lightspeed Announces Third Quarter 2024 Financial Results
Total revenue of $239.7 million grew 27 percent year-over-year and surpassed previously established outlook.
Equinox Golf Resort & Spa Names General Manager
With a career spanning over two decades working at luxury hotels worldwide and in NYC, the Equinox Golf Resort & Spa appointed Maurizio Bonivento as general manager.
Costco Comps Grow 3.4 Percent in January ex-Fuel
Net sales were $22.08 billion for the retail month of January, the five weeks ended February 4, 2024, an increase of 4.5 percent from $21.13 billion in January last year.
Marucci Sports Co-Founder to Re-brand and Re-launch Backyard Sports Brand
Joe Lawrence is the new CEO and is re-launching SweetSpot, securing its lead investment from Elysian Park Ventures, Wayne Gretsky and other investors.
Mark Wahlberg x Club Sports Group Opening New F45 Training Studios in Boston
Club Sports Group, operator of three F45 Training studios in Boston, entered into an exclusive partnership with Mark Wahlberg to open multiple new studios across Greater Boston.
VF Corporation CFO Stepping Down After 23-Year Run with Company
CFO Matt Puckett will be stepping down later this year. He will stay on until a new CFO is appointed to help ensure a smooth transition.
