The three-year loan facility enabled the El Segundo, CA-based fitness and nutrition company to retire $17.3 million of outstanding debt while increasing its capital balance by approximately $5 million.
Author: SGB Media
Warbird Marine Holdings Names New CEO
The parent of Invincible Boats and Yellowfin Yachts appointed Thomas Wieners, COO, as CEO. John Dorton, current CEO who formed Warbird Marine Holdings in partnership with EagleTree Capital in 2019, transitioned to the role of executive chairman.
True Movement Acquires Mancino Mats
True Movement Tech, known for its trampolines, acquired Mancino Manufacturing Co., Inc., a U.S.-based manufacturer of safety padding and equipment for gymnastics, cheer, martial arts, and other sports facilities.
Nordstrom Rack to Open New Store in Pompano Beach
The 28,000-square-foot store will open in the Pompano Citi Centre, owned and managed by the Sterling Organization, which owns the largest concentration of retail space in northeast Broward County, spanning almost 60 acres.
Woolrich Appoints New CEO
Lorenzo Flamini’s appointment comes as the Baoxiniao sale marks a new company strategy focused on consolidating its presence in Europe and accelerating growth in the Asia-Pacific region, which currently accounts for around 5 percent of its global business.
Academy Sports and Outdoors, Inc. Sees Profits Sink on Comp Sales Decline
Academy Sports and Outdoors, Inc. reported first-quarter earnings and sales that came in below analyst targets. The sporting goods chain widened its guidance for the year to account for potential additional pressure on earnings in the second half tied to inflation.
LIV Golf Appoints Chris Heck as President, Business Ops
The former President of the English Premier League’s Aston Villa FC, the National Basketball Association’s Philadelphia 76ers, and Major League Soccer’s New York Red Bulls brings over 30 years of industry knowledge and commercial success to the first global golf league.
Champion Inks Licensing Deal with NFL
Adding to its portfolio of league partnerships, which already includes the NHL, MLB and PLL. Champion will debut the partnership with a drop of exclusive, limited styles for the NFL at Fanatics Fest NYC, held at the Jacob K. Javits Convention Center June 20-22.
EXEC: Topo Leads Parent’s Brands Portfolio on Strong Q1 Growth; DBI’s Brands DTC Fell
The parent company of DSW, The Shoe Co. and Rubino retail brands, and owner of Topo Athletic, Keds, Le Tigre, Hush Puppies, and other footwear brands, reported a “soft start” to 2025 amid an unpredictable macroeconomic environment and deteriorating consumer sentiment.
Club Champion Fitting Studio Opens in Golfinity Austin
The integration with Club Champion enables Golfinity to expand its performance offerings and deliver a more comprehensive golf experience for customers. This single-bay concept within an existing golf business is a new concept for Club Champion, and Golfinity Austin will serve as a test market.
Twin Vee PowerCats Acquires Bahama Boat Works
Twin Vee said it plans to elevate the Bahama Boat Works product by “seamlessly integrating” Twin Vee’s innovation and engineering expertise. The key to this transition is the continued involvement of Bahama’s master boat builder, Scott Henley, who is “one of the most prolific and respected figures in the marine industry.”
NRF: Summer Import Cargo Forecast to Surge but Full Year is Expected Down
Ports have not yet reported numbers for May but Global Port Tracker projected the month at down 13.4 percent from April and down 8.1 percent year-over-year. Volume is expected to surge over the summer and then expected to drop sharply for the remainder of 2025, with large year-over-year declines seen partly because imports in late 2024.
Hanes Names S&S Activewear Exclusive Distributor for Printwear
The exclusive distributor of the Hanes brand in the North American printwear channel will carry the full range of Hanes styles and also offer deeper inventory positions and enhanced availability across its national distribution network to support decorators and promotional partners.
Nordstrom Rack Plans to Open Locations in Texas and Georgia
Nordstrom announced plans to open two Nordstrom Rack locations in Flower Mound, TX (30,000 square feet) and Suwanee, GA (34,000 square feet) this fall. Nordstrom operates over 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations.
Dick’s SG Promotes Amanda Bonzo to VP Communications
Dick’s Sporting Goods promoted Amanda Bonzo to VP of communications. She joined Dick’s as senior director of communications in 2020 and took over as communications lead from former chief communications officer Peter Land in 2023.
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