The company has consolidated operations into other Escalade facilities in North America. Proceeds from the sale will be used to reduce the company’s higher cost variable rate debt.
Author: SGB Media
Black Diamond to Launch Partner-Run Mountain Shop with Wilderness Exchange
Wilderness Exchange, a purveyor of specialty outdoor gear and clothing for 25 years in downtown Denver, will launch the first partner-run mountain shop in North America with Black Diamond.
On Holding Sees Q2 Profits Surge on Continued Sales Growth Across Regions, Categories
Total net sales amounted to CHF 567.7 million in Q2 2024, an increase of 27.8 percent year-over-year and 29.4 percent growth on a constant-currency basis. Net income margin increased to 5.4 percent of net sales in Q2 from 0.7 percent in Q2 2023.
Scott USA Appoints Chief Marketing Officer
Matt Heitmann, who has held leadership roles at Signa Sports United, BMC, Canyon Bicycles, USA Cycling, and Backcountry, brings over 25 years of experience in business management, brand strategy, digital and growth marketing, customer service, e-commerce, and business operations, to the role.
Fanatics Expands Partnership with England’s Football Association
Deal sees Fanatics add product licensing rights to eCommerce, stadium retail and merchandising partnership
EXEC: Yue Yuen Sees Improving FW Manufacturing but China Retail Still a Drag
The volume of shoes shipped during the first half period increased by 9.9 percent to 120.7 million pairs amid a “decent recovery trend” and a further normalized order book. Pou Sheng China retail decreased 12.7 percent to $1.38 billion in U.S. dollar terms for the first half.
Crunch to Open Fitness Studio in Louisiana
Crunch Mandeville, the $5 million, 29,000-square-foot fitness facility, operated by franchisee Fit Fusion, LLC, will open in December in Mandeville, LA.
EXEC: Giant Group Saw Ugly but Improving Trends in First Half; H2 Shaping Up Nicely
The 5.8 percent decline in Q2 was a clear quarter-over-quarter sequential improvement versus the 2024 first quarter, when Giant Group saw revenues fall 20.2 percent for the January through March period, on top of a 9.7 percent decrease in the corresponding Q1 period last year.
Outtech Adds Acurite to Brand Stable
Outtech, the sales and marketing agency for the outdoor industry, added the manufacturer of weather stations and weather technology for outdoor and indoor home monitoring, to its portfolio of brands.
Deuter to Integrate Packs With HydraPak Hydration Reservoirs and Soft Flasks
Deuter will integrate customized hydration reservoirs and soft flasks designed by HydraPak into a range of its performance backpacks. Deuter expects to release the first product to the market in Spring 2025.
Thorne Names Chief Growth Officer
Former Kate Spade CMO Mary Beech has been named chief growth officer. Beech will reportedly oversee Thorne’s marketing team and e-commerce business from her base in New York. She will report into Thorne CEO Colin Watts.
Crunch Fitness Appoints Chief Operating Officer
The franchisor’s chief experience officer, Molly Long, was promoted to the company’s new chief operating officer, effective August 12.
Massimo Group Sees 32 Percent Q2 Growth on E-Bikes, UTVs & ATVs Segment Gains
Revenue from sales of UTVs, ATVs, and E-Bikes increased 53.3 percent to $34.2 million in the second quarter, partially offset by a 73.5 percent decrease in revenue from sales of pontoon boats.
Athleta Parent Company Gap Inc. Changing Ticker Symbol to “GAP”
The parent of the Old Navy, Gap, Banana Republic, and Athleta retail brands will change its ticker symbol from “GPS” to “GAP” on Thursday, August 22, 2024
Extraordinary Brands Acquires Franchisor Neighborhood Barre
The parent of the Pūrvelo Cycle, Eat the Frog Fitness, and Row House has acquired Neighborhood Barre, marking the fourth boutique fitness brand to join the fitness consolidator.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal