Consumer Sentiment Falls to 7-Month Low

The latest University of Michigan consumer sentiment survey released Friday showed sentiment hit its lowest level in seven months during June with the decline blamed on anxiety over inflation.

Yeti Opens Store In Kansas City

Yeti opened a store in Leawood, KS, a suburban community in the Kansas City metro area. The location is Yeti’s first in Kansas and 21st overall in the U.S.

Momentec Brands Names Chairman, CFO and SVP of Product Development

Formed out of the merger of Augusta Sportswear Brands and Founder Sport Group, Momentec Brands appointed David Baxter as chairman, Mike Moore as chief financial officer, and Joel Bennink as SVP of product development. Most recently, Baxter was the president of Under Armour for the Americas Region. Bennink spent 13 years at Under Armour, where he led the growth and development across Team, Golf and Curry-branded apparel.

New Era Cap Inks Headwear Deal with Team USA

New Era will supply headwear to U.S. Olympians and Paralympians when they make the teams to compete in this year’s Paris Olympics. Team USA’s agreement with New Era Cap is its first product deal with a headwear-focused brand.

Planet Fitness Lowers Guidance As Sales Weaken

Planet Fitness, Inc. reduced its guidance for both sales and earnings for the year as the first quarter ended March 31 saw a “shift in consumer focus in the New Year to savings and concern over the increase in COVID infections and other illnesses.” The fitness chain also cited the underperformance of an advertising campaign.

Concert Golf Partners Names CFO

Earlier in his career, Charles Bracher worked in finance roles at Goldman Sachs and Arnold Palmer Golf Management and with the eventual founders of Concert Golf, CEO Peter Nanula and COO Susan Dunnavant.