SGB Update Sports & Fitness
Summit Golf Brands Adds PGA Pro to Sales Team
Golf industry professional Garrett Malcolm was hired as an account executive to expand the company’s presence and distribution of its premium golf apparel brands within green grass facilities across Canada.
Citi Trends Shuffles CEO Role in Weekend Board Action
The retailer’s Board of Directors appointed Ken Seipel as interim CEO, effective June 2. In connection with his appointment, David Makuen stepped down as CEO and a board member.
Rally House Rolls Out Three New Store Openings in Key Markets
Rally House the family-owned specialty retailer that offers apparel, hats, gifts, and home decor representing local NCAA, NFL, MLB, NBA, NHL, and MLS, opened stores in Philadelphia, Indiana and Chicago.
Nordstrom Promotes Alexis DePree to Chief Operating Officer
DePree will continue to support supply chain operations, transportation, inventory operations, enterprise operations, and store operations, but now with an expanded title that better reflects the breadth of these teams’ work.
Report: U.S. Sporting Goods Growth Continues Solid Post Pandemic Growth
The growth last year coincides with a year in which the market saw the lowest number of total inactive Americans (64.9 million people) since SFIA began tracking the metric.
Genesco, Inc. Sees Journeys Slide Continue in Q1 as Schuh and J&M Turn Negative
The parent of Journeys, Schuh and Johnston & Murphy, reported net sales for the first quarter of Fiscal 2025 amounted to $458 million, a 5 percent year-over-year decrease compared to $483 million in the first quarter of Fiscal 2024.
Nordstrom Beats on Fiscal Q1 Estimates, Reaffirms Full Year Guide
The retailer narrowed its first quarter loss and beat expectations for the first quarter but analysts may be a little jumpy as guidance didn’t move higher and may signal internal concerns about the discretionary shopper.
Drew Brees + Partners to Open 19-Court Pickleball Club in Indiana
The Picklr Noblesville is a joint venture between Drew Brees’ BV Pickleball Clubs, LLC and Pickle Indy, LLC, owned by Ron Brock and David Gilreath, local Indianapolis businessmen.
Planet Fitness, Inc. Proposes Debt Refinancing Transaction
The company intends to issue $600 million Series 2024-1 Fixed Rate Senior Secured Notes, Class A-2, with the potential to upsize up to $800 million, subject to market conditions and other factors.
Crunch Franchise Opens Fourth Location in Kansas
This new facility is the 55th nationwide for franchisee Fitness Ventures, the fourth in Kansas and the second in Kansas City for the franchise.
Puma North America Opens New Arizona Distribution Center
The 1.2 million-square-foot automated distribution center in Waddell, AZ, includes 3.5 miles of conveyor, automatic retrieval and storage robots, and a new cubing process to optimize customer packaging.
Kohl’s Corporation Shares Fall as Retailer Cuts Guidance on Poor Fiscal Q1 Showing
Shares were down over 20 percent in pre-market trading on Thursday after the mid-tier retailer missed on estimates for the first quarter and then cut guidance for the year.
Foot Locker, Inc. North America Q1 Comps Down 2.5 Percent on DD Declines at Champs
Champs continues to be the big drag for Foot Locker as the company repositions the banner. Champs comped down in the mid-teens in Q1 as total sales fell nearly 19 percents year-over-year. Foot Locker banner comps were up 0.8 percent and Kids Foot Locker comps grew 6.4 percent.
Life Time Closes on $40M Sale-Leaseback Transaction
The proceeds will reportedly support growth and strengthen the company’s balance sheet.
New Pro Volleyball League Posts Solid Year One Metrics; Sees Top Salaries Rising for 2025
Pro Volleyball Federation, the newest women’s professional indoor volleyball league in the U.S., will continue lead in player compensation, as top salaries for 2025 were set at $175,000, with additional benefits of approximately $10,000 per player.
