With over two decades of experience in footwear and manufacturing, Raj Santhana, most recently, worked at Bata as the global head of Quality in Singapore.
Author: SGB Media
TruGolf Forecasting Return to Profitability on Solid Sales Growth for 2024
Total sales are expected to grow by 8 percent to 12 percent year-over-year by the end of 2024 and EBITDA for the second half should be greater than $500,000 showing a return to profitability.
NRF Expects 2024 Holiday Spending to Reach New Record
Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations, and other seasonal items, according to the NRF’s latest consumer survey conducted by Prosper Insights & Analytics.
X-Bionic Sets Up Shop in Denver Showroom, Adds NA Leadership and Reps
Kris Kuster, the company’s President and Co-Owner, leads its North American team. An outdoor and snow sports industry veteran, Kuster formerly worked for Nitro Snowboard and Mammut Sports Group.
Troon Appoints Jimmy Dunne to Board
Over the past three decades, Dunne has advised on some of the financial industry’s largest M&A transactions. In addition to serving on Troon’s Board of Directors, Dunne is a member of the Board of Trustees at the University of Notre Dame and is a Board member of the American International Group, Inc. (AIG) and Chime Financial, Inc.
FireDisc Cookers Adds Another Key Sales Agency to its Team
Continental Sales and Marketing is the company’s new independent sales rep partner for the hardware, sporting goods and grocery stores channels.
Mavic USA Rolls Out Updated Roster of Indie Sales Reps, New VT Service Center
The company is rounding out its first year in Waterbury, VT with a solid sales force and a fully operational Mavic USA Service Center.
PickleRage Partners with PE Firm to Accelerate Expansion
The company signed a new deal with the private equity group GreenPeak Venture Partners to help it open 200 new pickleball clubs in the U.S. over the next two years and over 500 locations by 2029.
Peloton to Offer Bike+ Exercise Bikes at Costco and Costco.com
Following agreements to sell through Amazon and Dick’s Sporting Goods, Peloton Interactive, Inc. plans to sell its Peloton Bike+ exercise bike at a discount for a limited time at some of Costco’s U.S. stores and on the warehouse club’s website.
Pvolve Signs First Studio Deal for Greater Boston Area
The franchisee is Amanda Reiss, who has served as chief marketing officer for Saucony, Living Proof and other consumer goods.
TeamSnap Appoints New CFO and SVP Marketing
Steven Neel has been hired as chief financial officer and Scott Engelman has been added as SVP of marketing of the provider of youth sports management software.
Nordstrom to Open Two New Rack Stores in Florida
Nordstrom plans to will open two new Nordstrom Rack stores in Melbourne (24,000 square feet) and Sarasota (27,000 square feet) Florida, in fall 2025 and spring 2026, respectively.
Fabletics Expands into Mexico with Retail Partnership Deal
The company has expanded into Mexico through a partnership with Liverpool, the omnichannel retail group that has operated for over 177 years in the country.
Report: U.S. Retail Saw Deep Declines in Fashion Categories in Fiscal September
The weakness un the apparel, footwear and accessories categories may lead to some pent-up demand for the Holiday selling season after lagging the stable performance seen in other categories at retail for the 5-week period.
Garmin Ltd. Acquires Marine LED Lighting Company Lumishore
The privately-held company has manufactured LED lighting systems used on various vessels, from runabouts to superyachts, for over 15 years. Financial terms of the acquisition will not be disclosed.
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