Despite a high-single-digit decline in Q4 sales, Escalade, Inc. characterized its fourth quarter as delivering a strong finish to the last year, with “improved gross margins, robust cash generation and a significant reduction in leverage.”
Category: Sports/Fitness
Crunch Fitness Oklahoma City to Open Summer 2024
Crunch Oklahoma will open in a 35,000-square-foot space on the Northwest Expressway in a former T.J. Maxx building this summer.
March Manufacturing PMI at 50.3 Percent; Textile Mills Lead Sector with Growth
A Manufacturing PMI above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.
Rally House Opening Four New Store in Pennsylvania, Ohio and Illinois
Rally House opened in the Philadelphia region at Trainers Corner in Quakertown, PA. In Ohio, the retailer is open at Spring Meadows, west of Toledo, and Marketplace at Four Corners, just south of Cleveland. Rally House is also the newest tenant at the Fashion Outlets of Chicago.
Topgolf to Open Third North Carolina Location in Durham in April
This will be Topgolf’s third North Carolina venue, including two in Charlotte. Globally, this will be Topgolf’s 99th outdoor venue when it opens and its 89th in the U.S.
Escalade Sales Decline Moderates in Q4; Down DD for Year After Tougher H1
The parent of the Brunswick Billiards, Stiga, Accudart, Rave Sports, Victory Tailgate, Onix, Goalrilla, Lifeline Fitness, Woodplay, and Bear Archery brands saw total net sales decline 9.2 percent on a year-over-year basis in the fourth quarter.
The Pickle House to Open in Robbinsville, NJ
In collaboration with USA Pickleball, The Robbinsville Pickle House is scheduled to break ground this spring, bringing the largest indoor pickleball facility to the Northeast.
Life Time Opens Denver West Athletic Country Club for 7th Location in CO
Nearly 111,000-square-foot-club in the foothills of Wheat Ridge, CO, features seven indoor and outdoor pickleball courts, pools and dedicated Life Time Work Lounge.
Authentic Brands Group Appoints Head of Australia and New Zealand
The company appointed Lim Mi-Kyoung as SVP, head of Australia and New Zealand, reportedly overseeing its regional expansion, focused on brand development and driving long-term growth.
Perfect Game Names Mo Vaughn Special Assistant
The company reported that Vaughn will assist “in identifying youth baseball talent in parts of the country where socioeconomic status may prevent access or opportunity.”
Augusta Sportswear Brands and Founder Sport Group Merge to Form Momentec Brands
Momentec Brands also announced several additional leadership changes to take effect April 1, 2024. In addition to senior leadership team appointments, FSG CEO John Anton will be CEO of Momentec Brands, and ASB CEO David Elliot will serve as vice chairman.
Crunch Franchise to Open in Yuma, AZ
Crunch Franchise reported plans to open Crunch Yuma, a 40,000-square-foot fitness facility in Yuma, AZ, in a former Sears next to Burlington at Southgate Mall.
EXEC: JD Sports Ends FY on January Down Note; Sees Upside Ahead from Summer of Sport
For the full year, like-for-like comp sales were up 4.2 percent, with all regions ahead of the previous year with organic sales growth of 8.4 percent.
EXEC: JD Sports Inks Partner for South Africa Expansion
The company signed a franchise agreement with Foschini Retail Group (Pty) Ltd, a subsidiary of South African retailer The Foschini Group Limited (TFG) to launch the JD brand in South Africa.
Moody’s Affirms Topgolf Callaway’s B1 Ratings, but Outlook Now Negative on EBITDA Concerns
The ratings agency said leverage is elevated due to weaker consumer demand at Topgolf than was expected a year ago and due to the company’s rapidly growing lease obligations to support the new Topgolf facility development.
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