Under the NYSE rules, the company’s Class A common stock will continue to be listed and traded on the NYSE during a six-month cure period, subject to the company’s compliance with other continued listing requirements.
Author: SGB Media
Oberalp Group Names New Brand Director for Salewa
Nol Gerritse, a Dutch native and U.S. citizen, has held senior positions at Havaianas, Lululemon, Keen, Colgate, and Nike. His appointment is effective May 2.
Authentic Names Licensees for Quiksilver Women’s and Volcom Socks
Authentic has inked a partnership with Velocity Global Brands (Velocity) for Quiksilver women’s apparel and also tapped Majesty Brands to develop, sell and distribute Volcom socks.
Gymshark Appoints First U.S. Chief Commercial Officer
Kim Dolder, general manager of North America, has been promoted to the company’s chief commercial officer working from Gymshark’s New York office. Dolger also becomes Gymshark’s first U.S. Board member.
Life Time Group Holdings Posts Records Across the Board in 2024
The strong performance reportedly drove the highest revenue per membership the company has recorded in its 32-year history, delivering $796 in average revenue per center membership in 2024, compared to $711 in revenue per membership in 2023.
Dillard’s, Inc. Forced to Control Expenses During Tepid Q4 Period
Net sales reached $2.02 billion for the 13-week fourth quarter ended February 1, compared to $2.12 billion for the 14-week prior-year Q4 period ended February 3, 2024.
Mad Engine Global Sets Transition Plan with Dominic Farrell as New CEO
Danish Gajiani will transition from his role as CEO to executive chairman of the company’s Board of Directors. He will reportedly continue to work closely with Farrell and the company to ensure a seamless transition for all key stakeholders.
Perfect Game Acquires Triangle Top Gun Sports
The acquisition of Triangle Top Gun Sports, LLC, from Owner Wes Gregory, will bring another 4,000 travel baseball teams under the Perfect Game umbrella.
Venus Williams Partners with WeWard as Investor and Ambassador
Williams and WeWard aim to raise awareness of the dangers of physical inactivity and highlight the significant health benefits of developing a daily walking routine. The app rewards users for their daily walking activity, bringing a gamified approach to exercise motivation
Pvolve Accelerates U.S. Expansion with New Franchise Deals
Lindsay Cohen has signed a two-unit development agreement in the Chicago area, Elisabeth Rommel, will launch the first Pvolve studio in Northeast Seattle or Lake Union and Dr. Mona Keshtkaran has signed a two-unit development agreement for the Washington, D.C. metro area.
Big Agnes Honors Kinetic Reps with Annual Rep of the Year Award
The Big Agnes Rep of the Year Award recognizes exceptional performance and Kinetic Representatives demonstrated this through remarkable year-over-year growth exceeding 50 percent.
Steven Madden Delivers Double-Digit Sales Growth in Fourth Quarter
For 2025, the company expects revenue will increase 17 percent to 19 percent compared to 2024. The company expects diluted EPS will be in the range of $2.30 to $2.40. This outlook assumes the Kurt Geiger acquisition closes on May 1, 2025.
Escalade, Inc. Sees Q4 Strength in Archery, Table Tennis and Fitness as Net Dips
The company completed the wind-down of its Orlando operations and terminated the facility lease in the fourth quarter. The company said these initiatives enabled us to reduce our owned and leased square footage by nearly 20 percent in 2024.
Skechers Signs Danish Footballer Matt O’Riley to Team Skechers
O’Riley competes in the Skechers lightweight speed shoe, Razor 1.5 Elite. He will also appear as the face of Skechers Football in multiplatform marketing campaigns in Denmark.
TJX Companies Ramps Up Sierra Store Count to 117 Doors
The TJX Companies, Inc., parent of the TJ Maxx, Marshalls, HomeGoods and outdoor-oriented Sierra retail nameplates, reported net sales for the 13-week fourth quarter ended February 1 were $16.4 billion, flat versus the 14-week fourth quarter of fiscal 2024.
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