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.
Category: Sports/Fitness
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.”
Journeys Group Comps Jump 14 Percent in Holiday Selling Period
The company said sales trends at Journeys accelerated somewhat more than than management anticipated following a good start to the holiday season, led by strong full price selling in the weeks leading up to Christmas.
Jetset Pilates Enters Boston Market, Sets Sights on Northeast Growth
A new studio will open in Spring 2025 in Wellesley, MA, in a prime location near local shops and restaurants, with convenient access for the community.
Fleet Feet Opens Third Locally-Owned Store in North Carolina
This is is the third Fleet Feet store owned by John and Elizabeth Dewey in North Carolina. They operate Fleet Feet stores in Greensboro and High Point, NC, respectively.
Lazard Names Managing Director and Global Head of Sports Advisory
Stephen Finkel has joined the firm as a managing director and global head of Sports Advisory based in New York. The firm also welcomed Manoel Carvalho as a managing director and Bryan Tannenbaum as a vice president of the firm’s Media, Entertainment & Sports advisory group.
Orangetheory Fitness Grows Global Reach, Opens 31 New Studios in 2024
With nearly 1,500 studios across 24 countries, supported by franchise partners, each studio offers the brand’s “signature one-hour Orange 60 workout, as well as Tread 50 and Strength 50 classes,” catering to various fitness preferences.
PEX Fitness Names Industry Vet as Managing Partner
As the buildout for the facility began, effective January 1, 2025. Badlissi is an industry veteran in the boxing and general fitness categories who brings industry experience and an entrepreneurial mindset.
Macy’s, Inc. Confirms Planned Store Closures
As previously disclosed, the 66 Macy’s locations will close as part of the company’s “Bold New Chapter” strategy.
Costco December Comps Jump 9.9 Percent x-Gas; E-Commerce Jumped 35.7 Percent
E-commerce sales in December were said to be positively impacted by an estimated 15 percentage points, due to Thanksgiving / Black Friday / Cyber Monday occurring a week later in 2024 versus holiday 2023.
Revo Moves to Direct Distribution in Key EU Markets; Adds New Region Leadership
Revo has made a strategic shift in its global distribution model, transitioning to direct distribution in several key markets, supported by a new leadership team.
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