Fleet Feet franchisees Wade and Julie Pannell have acquired the Olympia, WA and Puyallup, WA, South Sound Running stores. They will reopen as Fleet Feet Olympia on January 2 and Fleet Feet Puyallup on January 10, respectively.
Author: SGB Media
Fleet Feet Franchisee Opens First Miami, FL Store
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U.S. Consumer Confidence Shrinks in December Survey; Tariffs Top of Mind
Based on consumers’ short-term outlook for income, business and labor market conditions, the Board’s Expectations Index tumbled 12.6 points to 81.1 for the month, just above the threshold of 80 that usually signals a recession ahead.
Fleet Feet Franchisee Expands Texas Footprint with New Brownsville Store
Hugo and Sandra Gutierrez opened a second Fleet Feet store in Brownsville, TX, expanding on their Fleet Feet store in McAllen, TX. The new store is in the Morrison Crossing Shopping Center.
First Holiday Sales Wrap Up Sees 3.8 Percent Growth for 2024
Preliminary insights reveal that U.S. retail holiday sales, excluding automotive, increased 3.8 percent year-over-year from November 1 through December 24, exceeding the firm’s September forecast of 3.7 percent growth for the holiday sales period.
Bollé Brands Partners with Optician Distributor for Western Europe
Seaport-ODLM will manage the distribution of Bollé, Serengeti and Spy+ products across several key European markets, including Germany, Italy, Austria, France, Spain, and Portugal.
Manna Tree Appoints Managing Director of Human Talent
The a global private equity firm in the health and wellness sector, has appointed former Cotopaxi executive Grace Zuncic as its first managing director of human talent, effective January 2, 2025.
Saks Global Completes Acquisition of Neiman Marcus Group
The company finalized its acquisition of Neiman Marcus Group (NMG) for a total enterprise value of $2.7 billion. Marc Metrick will serve as CEO of Saks Global Operating Group, and Ian Putnam will serve as CEO of Saks Global Properties & Investments.
Fleet Feet Franchise Opens in Hattiesburg, MS
New owners Chris and Angie Walker opened their new Fleet Feet location in Hattiesburg, MS on December 17, with a Grand Opening scheduled for January 2025.
Nordstrom Family and Mexico-Based Partner Acquire Nordstrom Business for $6.25B
The company has signed a definitive agreement under which Erik Nordstrom, Pete Nordstrom and Jamie Nordstrom, and other members of the Nordstrom family will own 50.1 percent and El Puerto de Liverpool, S.A.B. de C.V. (Liverpool), will own 49.9 percent of Nordstrom, Inc.
Sqairz Forms Medical Advisory Board to Elevate Brand
The formation of a Medical Advisory Board brings together accomplished doctors of sports medicine, biomechanics and physical therapy, whose insights will “allow us to continue to set new benchmarks for athletic footwear.”
Fairfax Closes Transaction for Bauer Hockey Parent Peak Achievement Athletics
Peak announced in September Fairfax’s plans to acquire the remaining equity of Peak not owned by Fairfax, giving it control of the company. The deal includes Bauer Hockey, Cascade Lacrosse and Maverik Lacrosse.
Imperial Rebrands Peter Millar Soft Goods Licensing Division
Under the leadership of PGA of America member Andrew Blatnik, Peter Millar Licensing Co. will continue to offer an extensive range of soft goods accessories, including t-shirts, belts, and key fobs, in close collaboration with Peter Millar.
Summit Golf Brands Adds New Hires and Promotions for Fall 2025 Season
Ian Critser and Taylor Elder have been hired as account executives, covering the PNW and Ohio Valley region, respectively. Brian Holstein (Mid-Atlantic) and Paige Golibart (Eastern Florida) were promoted to senior account executives. Effective immediately, they will join the company’s senior sales team.
PGA of America Appoints New CEO
Derek Sprague is the first person to serve the PGA as a past president and CEO. He served as the 39th president from 2014-2016. Sprague succeeds Seth Waugh, who served as CEO from August 2018 to June 2024.
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