Tom Brady Acquires 50 Percent Ownership Stake in CardVault

As part of the agreement, CardVault will now be called CardVault by Tom Brady and expand its retail footprint with a new flagship store opening this spring at American Dream, the large retail and entertainment complex in the Meadowlands Sports Complex. With Brady’s backing, CardVault plans to go global, with new stores opening worldwide.

EXEC: Yonex Gets Racquet Sports Lift from Summer Olympics

The Japan-based racquet sports and golf equipment manufacturer reported results for the nine-month year-to-date (YTD) period that ended December 31, 2024, suggesting that the sports market received a boost from the Summer Olympics in Paris and other international tournaments and athletes’ success at that event.
 

Oofos Hires Director of Specialty Sales

The company said Matt Withrow will create, plan and execute sales strategies for the specialty distribution channel including Run, Outdoor, and Other sport-specific specialty distribution.

Crunch Franchise to Open in Portsmouth, VA

Brian Hibbard, CEO of Fitness Ventures, LLC and the owner and operator of Crunch Fitness locations nationwide, will open a 40,000-square-foot Crunch fitness facility in Portsmouth, VA, in Summer 2025.

Nordstrom to Open Rack Store in Longmont, CO

The Rack store will occupy a 28,000-square-foot space in the Harvest Junction Shopping Center, which includes Marshall’s, Best Buy, Dick’s Sporting Goods, Ulta Beauty, Ross Dress for Less, and other notable retailers. Harvest Junction is owned and managed by an affiliate of Pine Tree.