The Italian sportswear brand’s take on the Gel-Quantum 360 VIII offers a glimpse into the future.
Author: SGB Media
The Beachbody Company Ticker Symbol Changes Next Week
Class A common stock will begin trading on the New York Stock Exchange under the new ticker symbol BODI before the market opens on March 4, 2024.
Wofford College Appoints New Director of Athletics
Scott Kull is the deputy athletics director for external affairs and executive director of the University of North Carolina Charlotte Athletics Foundation and will join Wofford on April 1, 2024.
Anytime Fitness Parent Boasts Double-Digit Revenue Growth in 2023
Across SEB’s portfolio of brands, combined franchise sales grew by more than 500 units worldwide, including 284 new non-U.S. locations and systemwide revenues were up 12.3 percent in 2022.
Rep Fitness Strengthens Global Footprint with New Japan Distributor
The company has partnered with Uchinogym as its distributor in Japan empower commercial gyms, home gyms, and more with exclusive access to Rep’s product line.
Pickleball Kingdom Expanding to the Windy City
A series of indoor pickleball clubs across Chicago, spearheaded by GTOne Management Group, which is led by industry veterans Abhilash and Rama.
Baseline Fitness LLC Acquired by Private Investment Firm
The Planet Fitness franchisee, which has 100 locations under its umbrella, was acquired by Mayfair Capital Partners, a division of Oxford Financial Group, Ltd.
EXEC: Gymshark Sees All Regions Grow in Fiscal 2023 But U.S. Growth Slows
The U.S. region, which boasts the largest regional sales volume, grew 9.7 percent year-over-year to £250.4 million. U.K. sales increased 25.6 percent to £111.7 million and Europe revenues increased 16.1 percent year-over-year.
EXEC: Merrell Expects DD Decline in 2024; Return to Growth in H2
Merrell declined 17.0 percent in Q4 to $161.8 million. For the full year, Merrell was down 11.3 percent in constant-currency to $675.8 million. Merrell is expected to decline in the low-double-digit range in 2024 with inflection to growth in the second half.
EXEC: Fox Factory’s Q4 and Full Year Results Gutted by Declines in the Bike Business
Consolidated net sales declined 9 percent to $1.46 billion for the full year. The decline for the year was attributable to the Specialty Sports Group Bike segment, which was down $309 million, or 45 percent, year-over-year.
Adidas Tour360 24 Focuses on Fit, Durability and Performance
Adidas focused on three key areas with the new Tour360 24: Fit, Performance and Durability. The Tour360 24 will be available in a variety of colorways in laced and BOA versions for men and women, along with a junior model inspired by the footwear.
Mossberg Adds New Premiere Distribution Partner
O.F. Mossberg & Sons, America’s oldest family-owned and operated firearms manufacturer, said that Orion Wholesale has grown into a premiere firearms distributor with a commitment to customer service, competitive pricing and timely deliveries.
Marmot, Coleman Parent Sets Board Refresh
Bridget Ryan Berman Will Succeed Robert Steele as Chair; James Keane Elected to Board of Directors
Adidas Originals By Edison Chen Drop Clot Superstar
Taking a fresh take on the classic Adidas Originals silhouette, the Clot Superstar “bridges Eastern and Western cultures.”
EXEC: Bowflex Inc. Warns on Going Concern Status; Lays Out Executive Retention Plan
The company said it now believes that conditions will not improve in the next several quarters, which is negatively affecting its liquidity projections. Management determined there is substantial doubt about the company’s ability to continue as a going concern for 12 months.
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