Life Time intends to use the net proceeds from the offering for general corporate purposes, which may include repayment of indebtedness. The company will not receive any proceeds from selling shares by selling stockholders.
Author: SGB Media
Rally House Adds to Store Count in Wisconsin, Ohio and Minnesota
Rally House continues expansion with new stores in Woodbury, MN; Columbus, OH; and Wauwatosa, WI.
CNBC/NRF Retail Monitor Reveals Lower Growth in July Core Retail Sales Trend
July’s increase of 1.7 percent was half the June trend, which showed a 3.4 percent increase y/y. Sporting goods, hobbies, music, and bookstores were up just 1.1 percent y/y, while clothing and accessory stores fell 4.8 percent.
U.K.-Based Activewear Brand Tala Secures £5 Million In Funding
The funds will be used to expand the women’s activewear brand’s international presence, particularly in the U.S., where it has already generated “significant customer and social media traction.” Tala is also exploring opening standalone stores.
S&S Activewear Appoints Chief Commercial Officer
Toby Whitmoyer will oversee sales, marketing and product teams. Whitmoyer will also collaborate with the product and operations teams to ensure strong customer service.
EXEC: Havaianas Brand Posts Strong Q2 Growth on Strong Brazil Sell-Through
Havaianas Brazil saw Q2 net sales grow 21.6 percent year-over-year, driven by a 21.5 percent increase in volumes sold. In the second quarter, the estimated sell-out for Havaianas Brazil was 3 percent higher compared to the year-ago Q2 period.
4RUN3, Massachusetts Run Specialty Store and Race Organizer, Shutters
4RUN3, which operated a running store in East Longmeadow, MA and a race management firm that organized races across western Massachusetts, recently filed for bankruptcy and has closed permanently.
PGA Tour Superstore Opens First Store in Michigan
The 42,000-square-foot store is significantly larger than the average 28,000- to 34,000-square-foot store for the chain in Novi, MI.
EXEC: Yonex Posts DD Fiscal Q1 Int’l Growth on Yen Depreciation, Badminton Surge
Consolidated sales reportedly reached a record high, driven in part by the positive effect of yen depreciation on overseas sales. Despite the depreciation upside, North America sales declined year-over-year while Asia and Europe posted double-digit growth
Rockport Secures Australia and New Zealand Distribution Partner
Rockport, acquired last year by Authentic in bankruptcy proceedings, retained Munro Footwear Group as its distribution partner for Australia and New Zealand.
Gregory Parent’s Debt Ratings Raised on Improved Credit Metrics
S&P Global Ratings upgraded the debt ratings of Samsonite International S.A., the parent of Gregory and High Sierra, due to improved credit metrics driven by strong operating performance and disciplined expense management.
The Ironman Group Appoints Managing Director of North America
Keats McGonigal began his career at The Ironman Group as an intern in 2007, rising steadily in responsibilities. In this new role, he leads the North American region’s more than 75 full-time employees and over 55 annual events across multiple sporting disciplines.
Report: Hunting License Sales Remain Steady in 2022/23
The Council to Advance Hunting and Shooting Sports found in its 2022/23 survey that hunting license sales are relatively stable at the national level.
Vudoo Gun Works Taps Go Big Tactical as Sole Canadian Distributor
Effective immediately, Go Big Tactical will manage all sales and distribution inquiries for Vudoo Gun Works products in Canada.
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MasterCraft Boat Holdings Divests Aviara Brand to MarineMax Subsidiary
The Aviara brand will be transferred to Cruisers Yachts, a subsidiary of MarineMax, Inc. MarineMax will pay for all boats currently on order, in addition to select branding and operational assets, including Aviara’s website, tooling and inventory.
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