SGB Update Sports & Fitness
Primark to Open Store in Tysons Corner
Tysons Corner Center in Tysons, VA, will open on July 16, increasing the retailer’s U.S. store count to 25 in 10 states and over 445 stores globally.
April Golf Rounds Show Slight Gain
Golf Datatech, which has agreed to be acquired by Circana, reported that the national rounds of golf played were up 0.8 percent for the month of April year over year and are up 4.2 percent in the first four months of the year.
Pashley Cycles Appoints CEO
Pashley Group Limited, the parent of U.K.-based Pashley Cycles, named Andy Smallwood to the role of CEO. Most recently, Smallwood was the CEO of Ribble Cycles.
Health & Fitness Association Appoints Asia Chief
The Health & Fitness Association (formerly IHRSA) hired Singapore-based attorney and international industry advocate Sean Tan as the group’s senior representative in Asia.
CNBC/NRF: Retail Sales Jump in May After Slow April
May’s year-over-year gains align with what was seen earlier in the year, and the month-over-month increases are the largest in over a year.
Monthly Import Cargo To Hit Highest Level Since 2022
Retailers, however, are also facing supply chain challenges with congestion at overseas ports that are affecting operations and shipping rates.
Rally House Opens Third Wisconsin Store, Second in Louisiana, First in Colorado
Rally House’s third store in Wisconsin is now open, Rally House Brookfield Square. The retailer also broadened its market reach in Louisiana with its second store in the state, Rally House Tanger Gonzales. Rally House Castle Rock in Colorado pushes the company past a milestone, as they are now in 20 states nationwide.
Academy Sports and Outdoors Expands Board of Directors with New Appointment
The company has appointed Scott Boatwright to its Board of Directors, effective immediately. With this addition, Academy’s Board now comprises 11 directors.
New Era Cap, LLC and ’47 Brand Combine to Create $2 Billion Entity
Following the close of the transaction, the New Era and ’47 brands will continue to serve consumers independently from each company’s respective headquarters in Buffalo, NY, and Westwood, MA, with ’47 led by Dominic Farrell.
Tilly’s Inc. Posts Wider Q1 Net Loss as Comps Fall Nearly 10 Percent
Net sales from physical stores were $92.8 million, a decrease of 5.1 percent year-over-year, while net sales from e-commerce were $23.0 million, a decrease 10.8 percent year-over-year.
F45 Training and David Beckham Resolve Past Business Dispute
The company has reached an agreement resolving a prior lawsuit brought by DB Ventures Limited, which concerned an ambassadorial deal with David Beckham. The lawsuit will be dismissed, and DB Ventures Limited will reportedly remain an investor in F45 Training.
Game-Set-Match to Open Second Tennis + Pickleball Store in Vegas
Plans for the new store include a soft opening in the Fall of 2024, pending store construction timing, with a full-scale grand opening in the Spring of 2025. The new store will be located at 2273 N. Green Valley Parkway, in Henderson, NV.
Cinelli Appoints New Australian Distributor
Cinelli inked a new partnership with La Dolce Velo, appointing the company as the exclusive distributor of Cinelli bikes, frames, components, apparel, and accessories in Australia.
Lands’ End Sees 2023 Momentum Continuing into Q1 as GMV Rises
Net revenue decreased 7.8 percent for the first quarter to $285.5 million. Global eCommerce Net revenue was $195.5 million, a decrease of 3.7 percent year-over-year. Gross Merchandise Value (GMV) increased by low single digits compared to the first quarter of 2023.
G-III Apparel Invests in Iberian Agent for DKNY, Donna Karan and Karl Lagerfeld
The move is said to accelerate the international expansion of G-III’s owned brands through a partnership with All We Wear Group (AWWG), for an ownership stake of approximately 12 percent.
