Tervis, the insulated drinkware manufacturer based in North Venice, FL, hired Hosana Fieber as the new CEO, with current CEO Rogan Donelly moving to executive chairman of the board.
Category: Sports/Fitness
Survey Sees Nike, Jordan, Lululemon Winning Popularity Contest with Gen Y + Z
While upstarts such as Hoka and On are making noise, Cowen’s sixth annual Gen Z and Millennial survey found Nike, Air Jordan and Lululemon hit new all-time highs in brand preference and showed material growth year-over-year in both 18-to-24 and 25–34-year-old cohorts.
Retro Fitness Names Chief Development Officer
Retro Fitness named Larry Strain as chief development officer. He brings more than 25 years of experience in the franchise space, including having worked at Starbucks, McDonald’s and Dunkin’ Donuts.
Golftec to Open Center in College Station
Golftec reported plans to open an instruction and club fitting center in College Station, TX, at 1505 University Drive East, Suite 410.
Pure Hockey to Open Second Store in Washington
Pure Hockey announced it will open a store in Tukwila, WA, at 303 Tukwila Parkway later this Fall; this is the retailer’s second in Washington. The other store is in Lynnwood.
ICSC Sees Holiday Sales Expanding 3.8 Percent
Retail sales are expected to grow 3.8 percent this holiday season, according to ICSC’s 2023 holiday shopping forecast. The agency also forecasted a 7.6 percent increase in F&B, bringing the total expected spend for the season to $1.60 trillion.
Dimension 6 Fitness Hires COO and CFO To Support Nike Strength Launch
Dimension 6 Fitness entered into a licensing partnership with Nike to launch the Nike Strength fitness equipment line and hired Kevin Siebers, a nine-year Nike veteran, as COO and CFO.
Vista Outdoor Announces CFO for Outdoor Products Business
Vista Outdoor, Inc. announced that Andy Keegan, vice president and interim chief financial officer of Vista Outdoor, was promoted to CFO of Revelyst following Vista Outdoor’s planned separation of its Outdoor Products segment into a standalone public company.
Costco’s Longtime CEO to Step Down at End of Year
Costco Wholesale Corp. said Craig Jelinek, CEO since 2012, plans to step down, effective January 1, 2024. Ron Vachris, president and COO since February 2022, will succeed Jelinek as president and CEO.
Deloitte Sees 2023 Holiday Spending Returning to Pre-Pandemic Levels
Deloitte is forecasting that holiday spending this year will surpass pre-pandemic levels for the first time. Consumers surveyed for the report plan to spend an average of $1,652 during the shopping season—a 14 percent year-over-year increase, though a modest four-year CAGR of 2.5 percent reflecting a normalization of trends.
EXEC: Vista Outdoor’s Guidance Cut Surprises Wall Street
Analysts said Vista Outdoor’s agreement to sell its Sporting Products segment business to Czechoslovak Group (CSG) for $1.91 billion appeared largely in line with the businesses’ valuation. Vista’s 24 percent stock drop on Monday was attributed to Vista’s sharp guidance cut tied to the deteriorating Outdoor Products business.
Kane Footwear x Honey Stinger Collaborate on Recovery Slip-On
Kane Footwear and Honey Stinger collaborate on limited-edition shoe to promote recovery.
Cocona Labs Joins The Conservation Alliance
Cocona Labs reported it joined The Conservation Alliance, with its member dues “directly supporting grassroots conservation efforts and advocating for protected areas.”
Running USA Appoints New Executive Director
The Running USA named Jay Holder as executive director. He was VP of marketing and communications for the Atlanta Track Club for the last seven years.
’47 Makes Key Merchandising and Marketing Executive Hires
Sports fan apparel brand ’47 hired Steven Monti as VP of design and development, Ryan Cross as VP of merchandising and Brooke Thornton as VP of marketing.
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