In partnership with Brandywine Realty Trust, Five Iron Golf is developing its third indoor corporate-owned venue in Philadelphia’s Logan Square. The site will open early next year.
Author: SGB Media
Famous Footwear Parent is Latest Footwear Retailer to Lower 2024 Guidance
Caleres, Inc. became the latest retailer to lower fiscal full-year guidance after reporting second-quarter fiscal 2024 sales and earnings. A top-line miss was driven by a 5.1 percent decline in Brand Portfolio sales and Famous Footwear comps down 2.9 percent.
Snow Peak Acquires Majority Stake in Swift Fly Fishing Co.
Founded by Carl McNeil and Jeanie Ackley, Swift Fly Fishing, headquartered in Wanaka, New Zealand, manufactures the Epic Fly Rod brand that uses graphite, graphene, and Epic’s proprietary “Fast Glass” composite material to create the rods.
Amped Fitness to Open First Studio in Texas
While the Richardson, TX location, set to open on October 14, will set the tone for future studios to open around the state, Amped Fitness is “considering the launch of another Signature location—a luxury fitness concept with unique amenities and a different price point, catering to those looking for a more exclusive fitness experience.”
EXEC: Designer Brands CEO Digs Deeper into DSW Results as August Comps Turn Positive
The parent of the DSW, The Shoe Co., and Rubino retail brands, and Topo Athletic, Keds, Le Tigre, Hush Puppies, and other footwear brands, also had to come to terms with the impact of the economy on their customers and cut guidance for the full year.
TagMarshal Completes Series A Capital Raise
The equity will be used to continue to innovate and grow the company’s golf course optimization platform and to add value to its partners, which include 40 of the Top 100 golf courses in the U.S.
SylvanSport Enters Distribution Partnership with Field & Sports, LLC
Two NC-based outdoor brands have teamed up to give U.S. customers local access to SylvanSports camping trailers with product service support.
National Forest Foundation Names New President & CEO
Dieter Fenkart-Froeschl, in his most recent position, worked for six years as chief operating officer at the National Park Foundation. His appointment as president and CEO takes effect November 1, based in Washington, D.C.
Twiceme Technology Names Chief Marketing Officer
Fredrik Kjellberg joins the Swedish safety solutions company from Mips, the helmet safety system manufacturer, where he was the CMO and helped build the company’s market position.
Tonal Welcomes New CEO
Effective immediately, Darren MacDonald takes the helm as Tonal’s CEO, replacing Krystal Zell who has served in the role since January 2023, who is stepping down for personal reasons.
DSW Parent Cuts FY Guidance as Q2 Profits Shrink
The company saw sustained pressure on challenged categories such as dress and seasonal in the second quarter, but was able to partially mitigate the impact through providing a greater selection of athletic and athleisure brands in the assortment.
Delta Galil Industries Appoints New CFO
Yaniv Benedek brings global experience across due diligence, mergers and acquisitions, strategic business development, and the establishment of new business initiatives to his new role.
Ross Stores Inc. Makes Merchandising Leadership Changes
The retailer promoted Karen Fleming to president and CMO at Ross Dress for Less and Karen Sykes to president and CMO at DD’s Discounts, effective December 1.
EXEC: Academy Shares Get Lift as Positive Comps Returned in August
With some major negative events behind it, Academy looks to new store growth as the primary sales driver. The stores opened in 2022 are all comping postive despite the challenging economic backdrop and remain pleased with the 2023 and 2024 new stores.
Gold’s Gym Builds Out Existing Markets with Summer 2024 New Gym Openings
By the end of 2024, Gold’s will have opened eight new U.S. gyms, including in Milpitas, CA; Thornton, CO; Silver Spring, MD; and New Bern, NC. The brand also has franchise agreements to grow in Long Island, NY; Miami, Fl; and San Jose, CA.
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