The initiative reflects a growing movement across corporate America, inspired by the nonprofit organization Ownership Works and its founding partners, including KKR, to give employees a stake in the value they help create.
Category: Sports/Fitness
Blink Fitness Receives Court Approval for Sale
The U.S. Bankruptcy Court has approved the sale of its corporate operations and New York and New Jersey locations to PureGym. On November 7, 2024, the Court also approved the sale of Blink’s Chicago, Houston and California locations to an affiliate of JTRE Holdings, LLC.
Callaway Revenues Beat Q3 Estimates Despite Flattish Sales from Topgolf and Equipment
The company posted a 2.7 percent year-over-year decrease in revenue, driven by an 11.1 percent decrease in the Active Lifestyle segment, and partially offset by 1.2 percent revenue growth at Topgolf and flat growth in Golf Equipment revenues.
Beachbody Narrows Net Loss Despite Revenue Decline as Model Pivot Moves Forward
The company said its Q3 results demonstrated the continued successful execution of the first phase of its Pivot turnaround plan, with significant improvements in adjusted EBITDA and positive free cash flow generation. Revenue fell over 20 percent year-over-year.
Skechers Readies Move to New European Distribution Center in 2028
The company will relocate its European distribution center to a 200,000-square-meter facility in Liège, Belgium to support the brand’s strategic expansion across Europe.
On Holding Continues Aggressive Growth But Higher Q3 Costs and EPS Miss Worry Street
On saw its highest gross profit margin since its IPO in September 2021, reaching 60.6 percent of net sales in Q3 2024, reportedly driven by growth in the DTC channel and a “continued disciplined approach to full-price sales.”
Nature’s Sunshine Products Taps Deckers CFO for Board of Directors
Since June 2018, Fasching has served as the CFO of Deckers Brands, which includes iconic brands such as Ugg, Hoka and Teva. Fasching has held other senior positions at Deckers since August 2011, including VP, strategy & investor relations and VP, strategic financial planning.
Fleet Feet Appoints New VP of Marketing and Digital
Jonathan Sipling brings over 20 years of experience to the position. Previously, he was Dish Wireless’s chief merchandising officer.
BJ’s Wholesale Club Promotes Two Senior Operations Leaders
Scott Schmadeke, SVP, field and fresh operations, has been named EVP and chief operations officer, effective immediately, and Krystyna Kostka, SVP of operations, has been named chief supply chain officer.
EXEC: Asics NA Leans on Performance Run and SportStyle to Deliver DD Growth in Q3
The Asics North America region reportedly produced double-digit net sales increase in the period and maintains a nearly double-digit year-to-date (YTD) net sales increase.
EXEC: October FW Factory Shipments Tell a Divergent Tale as Key Nike Factory Declines
Yue Yuen’s manufacturing business, which boasts Adidas, Merrell, Asics and many others as key customers, posted a 21.3 percent increase in October while Feng Tay, a major Nike supplier, turned negative once again.
Nike Drops N7 Collection Inspired By Native American Ledger Art
Nike partnered with Native American artist Chelysa “Chief” Owens-Cyr, who brings a contemporary take on ledger art, a narrative drawing or painting on paper or cloth predominantly practiced by Plains Indians from the 1860s to the 1920s.
EXEC: Major Asia Footwear Manufacturer Continues to Cut Mainland China Production
The U.S. continues to be the No. 1 destination for deliveries for Yue Yuen, but the region is also losing share to product shipped to Mainland China and Europe. Indonesia is the largest country of origin this year, representing 53 percent of total production.
Von Maur Department Stores Opens First Pennsylvania Store in Pittsburgh
The retailer has opened its newest location at South Hills Village in the suburbs outside Pittsburgh, PA. The 118,000-square-foot store is the company’s first in Pennsylvania.
KemperSports Bolsters HQ with Regional Sales and Marketing Director
Jennifer Cushman joined KemperSports in 2021 as sales and marketing director at Buffalo Creek Golf Club and the Yacht Club at Chandlers, two KemperSports-managed facilities in Rockwall, TX.
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