Planet Fitness, Inc. Completes Refinancing Transaction

The proceeds from the placement of the 2024 Notes will be used to repay in full the Series 2018-1 Class A-2-II Notes, to pay the transaction costs and fund the reserve accounts associated with the securitized financing facility and for general corporate purposes.

Tommy Bahama Parent Sees Q1 Sales Decline

Continued choppiness in the market and lack of sustained positive momentum, coupled with the drop in consumer sentiment, led Tommy Bahama parent to take a more conservative outlook for the balance of the year, lowering its fiscal 2024 sales and EPS guidance.

Nike Loses EU Trademark Dispute Against Puma

Nike had sought to trademark “footware” a play on words between “foot” and “software” or “hardware” for tech-related products. Puma has long argued that at least some consumers would misread “footware” to mean software or technology for the feet.

True Spec Golf Opens in Dublin, Ohio

Partnering with Intown Golf Club, the indoor private golf facility in central Ohio, opened its second store on June 11, complimenting its other brand store in the state.

Target Raises Quarterly Dividend

The retailer reaffirmed announced a 1.8 percent increase in its quarterly dividend to shareholders, now set at $1.12 per common share, from the previous quarterly dividend of $1.10.

Patagonia Hires EMEA Marketplace Director

An outdoor veteran with over 20 years of experience in the industry, Stephan Hagenbusch, formerly at Black Diamond Equipment, assumes the role as marketplace director for the EMEA region.

The Picklr Opens in McKinney, Texas

Anchored by Trader Joe’s, Starbucks, Hollywood Feed, and Christina’s Mexican Restaurant, The Picklr adds a key category, athletics, to the lineup of businesses in Eldorado Plaza.

Tailwind Nutrition Hires Director of Finance

Carter Shae was appointed director of finance. Most recently, he worked as CFO for Cut Clothing overseeing finance, accounting, human resources, customer experience, logistics, and board and investor relations.

Lotto Invests in Pickleball Team

Lotto announced a strategic partnership with the Brooklyn Aces, becoming the first athletic brand in the ownership group of a professional pickleball team. The Italian sports brand joined celebrity owners Kevin Durant, Rich Kleiman, Drake, and Michael B. Jordan.