The company closed the debt financing as part of a strategic initiative to bolster its balance sheet and placed approximately $94 million in escrow to repay the convertible debt maturing in November 2025.
Category: Sports/Fitness
EXEC: Amazfit Parent Zepp Health Corp. Posts First Year-Over-Year Growth Since 2021
The second-quarter increase was attributed to the popularity of the Amazfit Bip 6 and Active 2 ranges, as well as the T-Rex 3 and newly launched products, including the Amazfit Helio strap and Balance 2, in June 2025.
Pickleball Kingdom to Open Third Wisconsin Club
Pickleball Kingdom Sun Prairie has a target opening in December 2025 and will be led by franchisees Rama Chandra Siripurapu and Chandrakanth Singireddy of Pickle Pals, LLC.
Academy Sports and Outdoors Hires Chief Legal Officer and Corporate Secretary
Brandy Treadway, who most recently worked for RumbleOn, will oversee all enterprise legal, compliance and risk management functions supporting the company’s corporate, distribution centers and retail initiatives.
Brian Costello Ascends to President of Famous Footwear Division at Caleres
Costello succeeds Michael Edwards, who stepped down as division president of Famous Footwear, effective May 2, 2025. He joined Caleres in February 2025 as chief merchandising officer.
Big Peach Running to Open Store in New Vinings, GA
Big Peach Running Co. will open a new store in Vinings, GA, near the Silver Comet Trail, on August 16; this will be the retailer’s ninth franchise location and 14th store in the state.
Life Time Group Posts DD Revenue Growth in Q2; Net Income Surges
The double-digit growth was said to be due to continued strong growth in membership dues and in-center revenue, driven by an increase in average dues, membership growth in new and ramping centers, and higher member utilization of in-center offerings, particularly in Dynamic Personal Training.
Tyrol Pickleball Hires Kittridge & Associates for Nationwide Sales Representation
The pickleball footwear brand founded by Kevin Huckle, the former president at Kodiak Boots, has formed a new sales and distribution partnership with agency Kittridge & Associates, bringing nationwide coverage with its 21-person team.
Rab Opens New Store In Denver
Rab’s expansion follows its wholesale-led business approach. The new store serves as a brand showcase and community hub, boosting brand awareness and enhancing the customer experience.
EXEC: SFIA’s President & CEO Todd Smith Discusses the Power of Sports and Fitness
Todd Smith, president and CEO of the Sports & Fitness Industry Association (SFIA) since last October, talked with SGB Executive about how it is evolving to meet its mission to promote sports and fitness participation and industry growth, its new initiatives and the Trump administration’s decision to bring back the Presidential Fitness Test.
NRF and FDRA See Latest Tariff Structure Hurting Consumers
The National Retail Federation and Footwear Distributors and Retailers of America both issued statements expressing disappointment over the Trump Administration’s move last Thursday, July 31, to place tariffs on scores of countries.
EXEC: Lululemon Hit with Price Target Cut from Wells Fargo on Earnings Risk
Wells Fargo lowered its price target on Lululemon Athletica Inc. to $225 from $270 and its earnings estimates for the current and next year, suggesting another guidance reduction may be forthcoming from the athletic apparel retailer.
Dick’s SG Extends Expiration Date for Foot Locker Debt Exchange Offer
The retailer has extended the expiration date in connection with its previously announced offer to exchange Foot Locker notes for Dick’s notes to August 29. The exchange offer was due to expire on August 1.
Arris Composites Appoints Board Member
The maker of advanced materials such as carbon fiber for the footwear and cycling industry appointed Kevin Yeaman, president and CEO of Dolby Laboratories, to its Board of Directors. His experience “directly parallels Arris’ strategy to scale its proprietary technology and composite material innovation across mass-market industries through licensing and strategic partnerships.”
Revelyst Hires Former VF Corp. Transformation and Finance Exec as CFO
The parent company of the Bell, Bushnell, CamelBak, Fox, Giro, and Simms Fishing brands, and others appointed Naren Varatharajah as chief financial officer as part of a planned CFO transition. He succeeds Andy Keegan.
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