The Beachbody Company, Inc. reported that total revenue in the first quarter fell 27.1 percent to $144.9 million compared to $198.9 million in the prior-year period. The company’s net loss narrowed considerably at $29.2 million compared to a net loss of $73.5 million in the prior-year period.
Author: SGB Media
Good To-Go Hires Marketing Manager
Good To-Go, founded by Chef Jennifer Scism in 2014 and based in Kittery, ME, hired Kristen Murphy, formerly at Vibram, as marketing manager.
Stio Raises $20 Million In Growth Capital
Stio reported it raised $20 million in capital to support its Mountain Studio retail locations, future product category development and a pivot towards a more diversified omnichannel approach.
Marin Mountain Bikes Names U.S. Sales Chief
Marin Mountain Bikes, Inc., based in Petaluma, CA, hired John Georger as vice president of sales for the U.S. market, effective May 1, overseeing the brand’s outside sales reps and inside sales and customer support teams.
White Mountain Enters Legwear License
Women’s footwear brand, White Mountain, signed a new licensing agreement with Legwear Concepts to distribute legwear (socks and hosiery) for women, men and kids. The license agreement also includes the Cliffs by White Mountain sandal brand and is the first legwear license for White Mountain.
EXEC: Fox Factory Cuts Specialty Sports Group Staff After 30 Percent Q1 Revenue Decline
The Fax Factory Specialty Sports Group delivered quarterly revenue of $118.9 million, a decrease that was said to be primarily due to the stronger-than-anticipated seasonality impact in Q1 of 2023. The company instituted cost reductions, which primarily resulted in a reduction of workforce within the Specialty Sports Group.
Winnebago Recalls 6,536 RVs
Winnebago reported a recall of 6,536 motorhomes following an investigation that confirmed a defect in the company’s Cummins-made generator or, more specifically, the fuel hose between the inline fuel filter and the Injection Pump Module.
Outdoor Cap Hires New Rep For Hawaii And Nevada
Outdoor Cap hired Quinn Bui as its new rep for Hawaii and Nevada. With ten years of experience in the promotional product industry.
Nobull’s Chief Marketing Officer Resigns
Nobull reported that its chief marketing officer, Todd Meleney, resigned.
The Headrest Safe Company Hires E-Commerce Manager
The Headrest Safe Company, LLC hired Kenny Sinnett as its e-commerce manager, responsible for creating strategies that impact the design and practicality of its online shops and adjacent platforms.
Yamaha U.S. Marine Business Unit Names Marine Service Operations Manager
Yamaha U.S. Marine Business Unit hired Jeremy Waki as division manager of Marine Service operations, overseeing service support of systems, processes, strategy, data analytics, and service planning.
Drive Shack’s CEO Departs
Drive Shack, Inc. reported that CEO Hana Khouri left the company, and a search is underway for a successor. Mike Compton, a seasoned executive working closely with the executive team for the past six months, was appointed as interim CEO.
Altra Running Makes Two Sales Leadership Hires
Altra Running hired industry veterans Joe Toth as head of sales in North America and Michael Dobbs as Eastern U.S. sales manager.
Camping World To Enter Montana Through Acquisition
Camping World Holdings, Inc. reported it would acquire I-90 RV in Billings, its first location in Montana. The acquisition will close in the third quarter of 2023.
Walmart, Inc. Appoints New EVP, Chief Merchandising Officer
Walmart, Inc. promoted Latriece Watkins to EVP, chief merchandising officer, effective immediately. She replaces Charles Redfield, who will step down on May 1 to assume an advisory role supporting Walmart’s U.S. business.
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