SGB Update Sports & Fitness
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.
Nordstrom Adding Rack Location in Fort Myers, FL
The 31,000-square-foot store will be located at Bell Tower, a central shopping, dining, and entertainment complex in Fort Myers.
Andre Agassi Among Investors in DUPR Pickleball Rating System
The proposed international rating system for pickleball has engaged a new board, ownership, investors, and an influx of $8 million in funding to advance DUPR’s mission to unify the growing sport with technology and a global rating system.
Fitness Ventures Picks Pittsburgh for 48th Crunch Fitness Location
Crunch Pleasant Hills, a 45,000-square-foot fitness facility in Pittsburgh, PA, will take the place of a former LA Fitness facility.
Life Time to Open in Boulder
The 40,000-square-foot space will be renovated as Life Time Boulder, replacing the former Colorado Athletic Club. The site joins Life Time Denver West, opening in Wheat Ridge in the first half of 2024.
Report: Nearly 8 of 10 Online Chargebacks Originate from Consumers, Not Fraud
Based on anonymized data obtained from Chargeflow’s merchant database, the company’s 2024 report found that 79.03 percent of chargeback cases result from friendly fraud, driving the need for businesses to adopt automated fraud detection solutions and educational initiatives.
Ashworth Golf Names Sales Rep of the Year
Ann Johnson’s hard work and determination proved instrumental in opening new doors, securing green grass accounts and delivering significant growth for the company.
