SGB Update Sports & Fitness
March Manufacturing PMI at 50.3 Percent; Textile Mills Lead Sector with Growth
A Manufacturing PMI above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.
Rally House Opening Four New Store in Pennsylvania, Ohio and Illinois
Rally House opened in the Philadelphia region at Trainers Corner in Quakertown, PA. In Ohio, the retailer is open at Spring Meadows, west of Toledo, and Marketplace at Four Corners, just south of Cleveland. Rally House is also the newest tenant at the Fashion Outlets of Chicago.
Topgolf to Open Third North Carolina Location in Durham in April
This will be Topgolf’s third North Carolina venue, including two in Charlotte. Globally, this will be Topgolf’s 99th outdoor venue when it opens and its 89th in the U.S.
Escalade Sales Decline Moderates in Q4; Down DD for Year After Tougher H1
The parent of the Brunswick Billiards, Stiga, Accudart, Rave Sports, Victory Tailgate, Onix, Goalrilla, Lifeline Fitness, Woodplay, and Bear Archery brands saw total net sales decline 9.2 percent on a year-over-year basis in the fourth quarter.
The Pickle House to Open in Robbinsville, NJ
In collaboration with USA Pickleball, The Robbinsville Pickle House is scheduled to break ground this spring, bringing the largest indoor pickleball facility to the Northeast.
Life Time Opens Denver West Athletic Country Club for 7th Location in CO
Nearly 111,000-square-foot-club in the foothills of Wheat Ridge, CO, features seven indoor and outdoor pickleball courts, pools and dedicated Life Time Work Lounge.
Authentic Brands Group Appoints Head of Australia and New Zealand
The company appointed Lim Mi-Kyoung as SVP, head of Australia and New Zealand, reportedly overseeing its regional expansion, focused on brand development and driving long-term growth.
Perfect Game Names Mo Vaughn Special Assistant
The company reported that Vaughn will assist “in identifying youth baseball talent in parts of the country where socioeconomic status may prevent access or opportunity.”
Augusta Sportswear Brands and Founder Sport Group Merge to Form Momentec Brands
Momentec Brands also announced several additional leadership changes to take effect April 1, 2024. In addition to senior leadership team appointments, FSG CEO John Anton will be CEO of Momentec Brands, and ASB CEO David Elliot will serve as vice chairman.
Crunch Franchise to Open in Yuma, AZ
Crunch Franchise reported plans to open Crunch Yuma, a 40,000-square-foot fitness facility in Yuma, AZ, in a former Sears next to Burlington at Southgate Mall.
Moody’s Affirms Topgolf Callaway’s B1 Ratings, but Outlook Now Negative on EBITDA Concerns
The ratings agency said leverage is elevated due to weaker consumer demand at Topgolf than was expected a year ago and due to the company’s rapidly growing lease obligations to support the new Topgolf facility development.
Emerald Acres Sports Connection names GM for new $80M Complex
The 150-acre venue, funded by a $2 million state economic development program grant, includes multi-sport facilities, a family entertainment center and integrated hospitality and retail spaces.
Celsius Expanding to Australia and New Zealand with Suntory
Celsius selected Suntory Oceania to manufacture, sell and distribute its products in Australia and New Zealand. The company previously announced a sales and distribution agreement with Suntory Beverage & Food in Great Britain and Ireland.
Report: 2023 Resale Grew 15X Faster than Retail
A new study found that 60 percent of consumers shop for secondhand apparel, giving them more for their money, while 55 percent said they would spend more on secondhand clothing if the economy does not improve.
Pure Hockey to Open Store in Laguna Hills, CA
This will be the retailer’s fourth store in California, which also has locations in Anaheim, San Jose and San Marcos.
