Five Iron Golf opened a venue in Valencia, marking its first location in Spain and continental Europe. Located at Calle Antiga Senda de Senent, the 10,700-square-foot venue features eight Trackman-powered golf simulators alongside a mix of additional experiences, including F1 racing simulators, VR darts, and multisport games.
Author: SGB Media
Revolve Group’s Q1 Sales Jump 16 Percent
Revolve Group Inc., the fashion e-tailer catering to Millennials and Gen-Z, reported earnings jumped 21 percent in the first quarter ending March 31. Sales grew 16 percent, accelerating from 10 percent growth seen in the fourth quarter.
Lululemon Founder Chip Wilson Urges Shareholders To Vote for His Board Nominees
Chip Wilson, founder of Lululemon Athletica Inc., in an open letter urged Lululemon shareholders to back his three candidates for the retailer’s annual shareholder meeting on June 11, claiming in a press release that his choices “have the know-how to restore Lululemon’s cool.”
Life Time to Buy Stock from Selling Shareholders
Life Time Group Holdings, Inc. announced that it has agreed to repurchase an aggregate of 2.19 million shares of its common stock at a price of $28.60 per share from certain existing stockholders, including affiliates of Leonard Green & Partners, L.P., TPG Inc. and Partners Group (USA) Inc., for an aggregate purchase price of $62.7 million in a private transaction.
Steven Madden Ltd. Lifts Revenue Guidance as Q1 Results Top Analyst Targets
The company’s earnings on an Adjusted basis slid 24.3 in the first quarter, but they exceeded Wall Street targets and company officials predicted a return to earnings growth in the second quarter. The company reinstated EPS guidance for the year.
Repreve Fiber Parent Unifi’s Fiscal Q3 Profits Boosted by Cost Reductions
Unifi, Inc. reported improved profitability in the fiscal third quarter ended March 29 with the benefit of lower expenses and healthier gross margins. Sales fell 11.3 percent year over year, but increased 7.1 percent sequentially. Repreve fiber product sales grew 11.4 percent.
Genesco Names VP and Chief Accounting Officer
Genesco Inc. appointed Ashley Randolph as VP and chief accounting officer, effective May 5. A 20-year veteran of Genesco, Randolph most recently served as vice president and corporate controller, a role she has held since 2024.
Wolverine Worldwide Overhauls Leadership in Work Group
Wolverine Worldwide promoted Mike Maloney to global general manager of the Wolverine brand, a newly created role for the largest brand in its Work Group. Ryan Drew joined the company as chief product officer of the Work Group, while Ben Harrison assumed the role of general manager of Cat Footwear International.
National Ski Areas Association Reports Preliminary Data for Tough 2025-26 Season
NSAA reported on Tuesday, May 5 that the 2025-26 season saw a 9.1 percent decrease from the 10-year average, declining 9 million visits from last season to an estimated 52.6 million snow sports visits at U.S. ski areas for the 2025/2026 season.
Bogs Wholesale Sales Slump 11 Percent in Q1, Parent Weyco’s Earnings Improve
Weyco Group Inc. posted higher earnings due to expense controls in the first quarter. Sales were flat as revenue gains at its Florsheim brand were offset by continued declines at Bogs and Stacy Adams.
Skechers’ Debt Ratings Upgraded on Loan Term Repricing
S&P Global Ratings raised its debt rating on Beach Acquisition Co. Parent LLC, doing business as Skechers U.S.A. Inc., on a proposed repricing of its term loans due in 2032.
Ocean & Earth Appoints Smith Optics Exec as Marketing Chief
Australian surf accessories brand Ocean & Earth appointed Thomas Edgar as head of marketing. Edgar was most recently global eyewear marketing manager at Smith Optics.
KKR Closes Acquisition of Arctos Partners
KKR & Co. Inc. has closed its previously announced acquisition of Arctos Partners, which holds minority stakes in Liverpool FC and Paris Saint-Germain overseas, as well as in U.S. franchises such as the Golden State Warriors, Los Angeles Dodgers and the Aston Martin Formula 1 team.
William Blair Acquires Inner Circle Sports
William Blair entered into a definitive agreement to acquire Inner Circle Sports, a boutique investment bank focused on the global sports, media, and entertainment ecosystem.
Life Time Raises Outlook as Q1 Beats Plan
Fitness club giant Life Time Group Holdings, Inc. lifted its guidance for the year after reporting adjusted earnings in the first quarter grew 23.5 percent on an 11.7 percent revenue gain. Bahram Akradi, founder, chairman and CEO, stated: “Our first quarter results reflect strong execution and continued momentum across our business. Our growth strategy remains […]
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