The company recently made the decision to no longer solicit new leasing customers and pursue an orderly run-off of its middle-market leasing portfolio. Resulting leasing revenue was halved year-over-year.
Author: SGB Media
Authentic Partners with Velocity Global Brands for Lucky Brand Workwear
Through the agreement, Velocity will design, manufacture and distribute men’s and women’s workwear across the U.S. and Canada for the denim and lifestyle brand.
Fitness Ventures LLC Set to Open Crunch Gym in Greenwood, IN
The 50,000-square-foot Crunch Greenwood will occupy the former Christmas Tree Shoppe at the Greenwood Pavilion when it opens in fall 2024.
Ralph Lauren Issues Statement Relating to Recent Indonesia Media Reports
The company said it does not directly operate any stores in Indonesia, nor has it authorized or entered into an agreement with any partner or distributor to operate any “Polo Ralph Lauren” or other “Ralph Lauren” branded stores in Indonesia.
Skechers Expands United Legwear & Apparel Partnership with EU and UK Distribution
Skechers will now have dedicated showroom space at ULAC Europe B.V.’s headquarters in Amsterdam and in its London showroom for its lifestyle and performance socks for men, women and kids.
Allbirds Appoints New VP of Design
Before joining Allbirds, Isreal was the global creative director for Salomon. Before that, he spent a cumulative eight years at Specialized Bicycle Components.
Sport-Brella Launches Sol-Breeze Shelter
The Sport-Brella Sol-Breeze is an open-walled shelter that provides full visibility with overhead coverage.
EXEC: VF Corp. Divests Supreme Brand to Oakley Parent in Cash Deal
The transaction is expected to close by the end of calendar year 2024, subject to customary closing conditions and regulatory approvals. The $1.5 billion sale of Supreme is expected to be dilutive to VF’s earnings per share in fiscal 2025.
Callaway Golf to Release Opus and Opus Platinum Wedges
Three key elements work in conjunction to provide “crisp, tour-level spin that promotes short game action and control like never before.”
Fitness International Acquires XSport Fitness
The operator of LA Fitness, Esporta Fitness, City Sports Club, and Club Studio brands, announced its acquisition of XSport Fitness, expanding its offerings in Chicago, New York and Virginia markets.
EXEC: Thule Posts Tepid Q2 Sales Growth; U.S. Market Seen as “Weak but Positive”
The North American market continued to be challenging with a high level of promotional activity. Sales of bike-related products, Juvenile & Pet and Thule branded products in Packs, Bags & Luggage showed growth in the region.
Trango Signs Climbing Icon Ben Rueck to Elite Team
Rueck is a member of Team Tenaya, with Trango serving as the exclusive U.S. distributor for Tenaya footwear. Rueck’s essential gear includes the Tenaya Indalo, Mastia Climbing Shoes and the Trango Prism Harness.
Report: Fishing Participation Sees Growth But Too Much Turnover
The Recreational Boating & Fishing Foundation (RBFF) reported that the post-pandemic increase in fishing participation continues to set record numbers on the water; however, data from a recent report found that churn poses a challenge for the industry, especially among female participants.
Vans “Always Pushing” Campaign Highlights Off The Wall Mindset
Vans tapped creatives that “embody the ‘Always Pushing’ ethos … to create a tapestry of content that spans cities worldwide, from Paris to LA and Tokyo,” developed in partnership with Alex/2Tone.
Skechers Signs Beach Volleyball Pros Andy Benesh and Miles Partain
The pair will wear the brand’s performance apparel and headwear, including Skechers-branded hats, tank tops and shorts, when competing in this year’s Summer Olymics in Paris.
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