Retail sales in the United Kingdom rose 2.9 percent in May, up from a revised 1.8 percent fall in April, the Office for National Statistics said.
Category: Sports/Fitness
JF Fitness of North America Secures Capital Investment, Acquires Crunch Franchisee
Trive Capital and 808 Capital Partners have announced an investment in JF Fitness of North America, a Crunch Fitness franchisee operating 24 gyms across the Mid-Atlantic and Southeast regions. JF Fitness has acquired Team Roldan with eight gyms across the South.
The Picklr Closes Series B Financing with $59 Million Valuation
The round wqs led by Pickleball, Inc., the parent company to some of the largest pickleball brands in the world, including the Carvana Professional Pickleball Association (PPA Tour), Pickleball Central, Pickleball Brackets/Pickleball Tournaments, PickleballTV, Pickleball.com and TopCourt.
Target Corporation Shifts Senior Merchant and Marketing Roles
Christina Hennington, currently chief growth officer, has been named chief strategy and growth officer, Rick Gomez has been appointed chief commercial officer, and Lisa Roath, current CMO, will take on the role of chief merchandising officer of food, essentials and beauty,
Fleet Feet Opens in North Augusta, SC
The store is the second for owners and operators Michael and Jenafer McCauley, who opened their first store in Augusta, GA, 15 years ago.
Sports Direct Owner Acquires Luxury Website
Frasers, the U.K.-based parent of Sports Direct, has acquired Coggles, an online seller of designer fashion, from THG as part of a multi-year partnership that also includes Frasers using THG’s technology in some parts of its business.
Stan’s NoTubes Hires Product Manager and Engineer
Brendon Brogan was hired by Stan’s NoTubes as a product manager and Kai Gabriel as an engineer, who interned for the company while attending Penn State University for mechanical engineering with a minor in engineering design.
Pickleball Kingdom Partners with The Kitchen
Pickleball Kingdom, the indoor pickleball entity, announced an exclusive partnership with The Kitchen, the media website, podcast, and YouTube channel dedicated to pickleball.
Garmin Appoints Co-COOs
Patrick Desbois and Brad Trenkle were promoted to the newly created role as co-chief operating officers (Co-COO), effective July 1, 2024. Desbois had been Garmin’s EVP of operations, while Trenkle led the company’s outdoor segment.
Target+ Opens to Shopify Sellers in New Partnership
Target Corp. unveiled a new partnership with e-commerce platform Shopify aimed at expanding its digital marketplace offerings. Beginning June 24, merchants currently utilizing Shopify’s services can apply to join Target+, the retailer’s third-party marketplace.
Under Armour Reaches $434 Million Settlement in Shareholder Lawsuit
Under Armour Inc. agreed to pay $434 million to settle a 2017 lawsuit into claims that the company defrauded shareholders about its revenue growth in order to meet Wall Street forecasts.
Tommy Hilfiger and U.S. SailGP Team Ink Global Partnership
The partnership kicks off for the league’s 2025 season, to redefine fashion’s role in sailing and sports role in pop culture.
Nike Faces Shareholder Lawsuit Over DTC Strategy
A Nike, Inc. shareholder has filed a securities class action in the District of Oregon’s Portland division, claiming the company misled investors about the financial effects of prioritizing direct-to-consumer sales. Plaintiffs are seeking class-action status, an unspecified amount in damages and a jury trial.
Rally House Expansion Continues in Texas
The retailer announced the first of several stores to open in a new market for the company in Houston, TX with Rally House Houston Outlets.
Athleta-Parent Hires Chief Technology Officer
Prior roles for Sven Gerjets include chief information officer, Time Warner; SVP, information technology, DirecTV; chief technology officer, Pearson; director, global e-commerce, Symantec. Most recently, Gerjets was the EVP and chief technology officer from July 2017 to May 2024 at Gap, Inc.
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