The U.S. economy only added 114,000 non-farm payroll jobs in July, fewer than the 175,000 expected by economists. The unemployment rate rose to 4.3 percent — its highest level since October 2021.
Author: SGB Media
EXEC: Xponential Fitness Shares Fall as Company Misses on Q2
XPOF shares fell more than 20 percent overnight after the company missed revenue targets, lowered guidance and posted a loss for the 2024 second quarter.
Brompton T-Line Foldable Bike Faces Recall
A loss of alignment between the handlebar and front wheel due to insufficient torquing of steerer clamp bolts could cause a rider to lose control and fall.
Colt CZ Appoints Board Member
Musil is the CEO of Sellier & Bellot, a.s., a firearms ammunition manufacturer based in Vlašim, Czech Republic, and a subsidiary of Colt CZ. Musil has worked for the company since 1999. Previously, he worked for the Czech company Ton.
Skechers Launches Footwear Collection With John Deere
The new work, outdoor and fashion offering for men and children pairs John Deere’s iconic heritage with Skechers comfort technologies.
Topgolf’s “The Sure Thing” Made for the Thrill of Hitting the Ball
Topgolf dubbed the golf club “The Sure Thing,” to increase the likelihood of hitting the ball into the air and “experiencing that euphoric feeling that comes from a shot well hit.”
Allbirds Taps Belle Fashion Group as Greater China Partner
Belle Fashion Group is now the exclusive distributor and licensee for Allbirds in mainland China, Macau and Taiwan. The deal was effective at the end of June.
PickleRage signs First Family of Pickleball as Ambassadors
The Johnson family has been mainstays on the Professional Pickleball Tours since they burst onto the scene in 2021. As part of the agreement, the Johnson Family will play an integral role across PickleRage’s commercial operations, including instruction and program development, membership engagement, and collaboration with franchisees.
Crunch Franchisee Secures Investment Partner to Fuel Expansion
Fitness Ventures LLC has the rights to develop Crunch Fitness gyms in multiple regions across the U.S. and the Meaningful Partners investment is expected to help it expand its footprint across the country.
Fred Segal Closes Remaining Store Locations
Fred Segal, the Los Angeles, CA luxury boutique, closed its remaining two stores and also shut down its website. Fred Segal Home, the brand’s luxury furniture store, will remain open in Culver City, CA, and the fredsegalhome.com website will continue.
Onebeat Expands Executive Leadership Team, Appoints Chief Revenue Officer
Sevonne Eliyahu brings nearly two decades of growth strategy and executive experience at tech giants, including SimilarWeb and LivePerson.
Equinox Fitness Appoints President
Marc Mastronardi will assume the role as president on August 12, reporting to Harvey Spevak, executive chairman and managing partner of Equinox Group. He has 25 years of extensive retail experience, having held a broad range of leadership positions at Macy’s, Inc. where, most recently, he was the executive vice president and chief stores officer.
Authentic Signs Licensing Partners for Ted Baker U.S. and Canada
United Legwear & Apparel Co., BCI Brands and Peerless Clothing signed on with Authentic Brands as licensing partners for the Ted Baker business.
Sportsman’s Warehouse Secures $45 Million Term Loan
With the addition of the $45 million term loan, the company’s total borrowing capacity, which includes its revolving credit facility, is now $395 million.
Fox Factory Specialty Gets Marucci Lift to Offset Q2 Decline in Bikes
The increase in Specialty Sports Group sales was primarily related to the inclusion of $41.6 million in net sales from Marucci, which the company acquired in 2023, partially offset by a $22.9 million reduction in bike sales.
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