The company that created a product to prevent sweat from affecting an athlete’s vision during physical activity has tapped former Nike executive Tom Kelley as its first CEO.
Category: Sports/Fitness
Purpose Brands Appoints Brand President for Orangetheory Fitness
Lauren Cody assumes the role on January 27, with Orangetheory Co-founder and CEO Dave Long fully transitioning to co-chair of the Purpose Brands board, where he will serve as a strategic advisor to the Orangetheory brand leadership team.
Zumiez Inc. Cuts Guidance as Mid-Singles Holiday Comps Growth Falls Short
Based on results for the holiday period, the company anticipates fiscal 2024 fourth-quarter net sales come in between $275 million and $277 million, compared to its previous guidance range of $284 million to $288 million.
Foot Locker, Inc. Elects Two Retail Heavy Hitters to Board of Directors
Sonia Syngal most recently served as president and CEO of Gap, Inc., including overseeing Old Navy, Gap, Banana Republic, and Athleta. John Venhuizen has served for 12 years as president and CEO of Ace Hardware Corporation.
EXEC: JD Sports Fashion Reports 3.4 Percent Organic Sales Growth for Holiday
On a year-to-date (YTD) basis through January 4, comp sales revenue was flat, and the company said it expects full-year comp sales revenue to be at a similar level as the YTD trend.
Planet Fitness Strengthens Leadership Team with Two New Appointments
Chip Ohlsson was appointed chief development officer, effective January 20, and Brian Povinelli as chief marketing officer, effective February 10. Ohlsson has extensive hospitality industry experience, Povinelli is a seasoned marketing executive with over 30 years of experience working with hospitality and apparel brands and agency experience.
Authentic Brands Group Appoints New Company President
Over his two-decade career at Wynn Resorts, Matt Maddox reportedly played a pivotal role in the company’s global expansion. Nick Woodhouse will become executive vice chairman of Authentic.
EXEC: Reebok’s U.S. Operations Sold to Galaxy Universal
Galaxy Universal specializes in the athletic, health and outdoor categories, among others, and owns the And1, Gaiam and Tony Hawk brands, and licenses the Justice and London Fog brands.
Revelyst Names President, Licensing and Entertainment
Simon Waters assumes the newly-created role for the company’s expansive outdoor portfolio, which includes Foresight Sports, Bushnell Golf, Fox, Bell, Giro, CamelBak, Bushnell, and Simms Fishing.
Pickleball Kingdom Appoints President and Chief Global Officer
Rob Streett was promoted from chief operating officer to president and chief global officer. He will focus on scaling the brand across multiple regions and creating a global network of pickleball centers.
Crunch Franchise to Open Crunch Studios in Albuquerque, Dallas and Missouri
Crunch franchisee Tony Hartl announced he would open three Crunch gyms in the Spring of 2025: Crunch Albuquerque, Crunch South Dallas, and Crunch St. Peters in Missouri.
Planet Fitness, Inc. Touts 2024 Year-End Metrics at ICR
Membership reportedly grew to approximately 19.7 million members and full year system-wide same-club sales increased by 5.0 percent as of December 31, 2024.
Macy’s Reports Flattish QTD Comps for Q4 with Upside at First 50, E-Commerce
The retailer’s First 50 locations and luxury nameplates Bloomingdale’s and Bluemercury all continue their trend of positive comparable sales. Macy’s digital channel also achieved comparable sales growth for the period.
Lululemon Now Beating Prior Expectations for the 2024 Fourth Quarter
The high-end yoga-focused retailer expects its net revenue to grow 11 percent to 12 percent for the fourth quarter year-over-year, or 6 percent to 7 percent growth, excluding the 53rd week of 2024.
Amer Sports Sees 2024 Sales Growth and Profit Margin at High End of Guide
The company expects full-year 2024 revenue growth to be at the high end of its previous guidance range of 16 percent to 17 percent growth despite “rising headwinds related to unfavorable foreign currency exchange rate fluctuations in the fourth quarter.”
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