Mondelez International reported that Clif Bar delivered another quarter of double-digit growth and improved profitability in the third quarter ended September 30. Its other snack bar brands, Grenade and Perfect Snacks, also delivered double-digit gains.
Category: Sports/Fitness
EXEC: BRC Sees Cautious UK Consumer Spending Stalling in October
The BRC reported that total UK retail sales increased 2.5 percent in October. The number was said to be below the three-month average growth of 3.1 percent and the 12-month average growth of 4.2 percent as reported by the BRC.
Xponential Fitness Hires International President; Signs New Multi-Brand Deals
Xponential Fitness, Inc. hired Bob Kaufman as president of international to lead global expansion plans across Xponential’s fitness boutique brands. The company also reported signing multi-brand deals in new and existing international markets.
Moody’s Assigns B2 Rating to Varsity Brand’s New Debt Offering
Moody’s Investors Service assigned a B2 rating to Varsity Brands Holding Co., Inc.’s new senior secured first lien notes due December 2026. Varsity Brands is the parent of BSN Sports and Varsity Spirit.
EXEC: Investor Doubts Follow Fox Factory’s Acquisition of Marucci Sports
Fox Factory’s plans to acquire Marucci Sports, the maker of baseball bats and gloves, for $572.0 million has drawn skepticism from Wall Street analysts concerned about the timing given the company’s struggles and how the acquisition fits alongside its core suspension components businesses.
Planet Fitness Sees 8.4 Percent System-Wide Comp Growth
Planet Fitness, Inc. reported net earnings jumped 45.3 percent in the third quarter ended September 30 as total revenue grew 13.6 percent and system-wide same-store sales increased by 8.4 percent.
Wattbike Appoints E-Commerce Specialist
Indoor cycling brand Wattbike hired Ahmed Khodja as the director of direct-to-consumer, a new role for the company. He joins Wattbike with a “formidable track record in e-commerce strategy, following a decade working for Fanatics.
PrimaLoft Hires Anne Cavassa as New President
PrimaLoft, Inc. hired industry veteran Anne Cavassa as president, joining CEO Mike Joyce. She assumes responsibility for day-to-day operations, and the two will collaborate to advance company growth.
Nike Accuses New Balance, Skechers of Patent Infringement
Nike filed federal lawsuits against New Balance and Skechers, charging several New Balance shoes and Skechers sneakers with misusing the brand’s patented Flyknit technology for running, soccer and basketball shoes.
Sports Basement to Open Store in Long Beach
Sports Basement is opening a location in a former Sears store in Long Beach, CA. The opening will mark the Bay Area sporting goods chain’s second location in Southern California after opening in Fountain Valley in 2022.
ISPO Partners with Joor on Long-Term Deal
The giant sports tradeshow ISPO Munich and digital wholesale ecosystem JOOR have entered into a long-term partnership that aims to enhance and extend the digital selling opportunities available to ISPO brands.
IHRSA Bolsters Advocacy Team
IHRSA, which advocates for the Health and Fitness Industry, hired Charles Regnante as government affairs manager.
Ebay opens Canal Street Wear store in NYC
The company said the streetwear industry is estimated to be worth more than $180 billion and global searches for streetwear have increased by more than 150 percent since the beginning of the year on eBay.
Leatt’s Q3 Revenues Tumble 48 Percent on Sluggish Orders
Leatt Corp., the maker of protective equipment for adventure sports and team sports, reported sales tumbled 48 percent in the third quarter due to “constrained industry-wide ordering patterns.”
OR, Surf Expo Parent Sees Strong Core Show Business in Q3; Content Weakens
Emerald Holding, Inc., the operator of Outdoor Retailer and other trade shows, reported sales grew 16.2 percent in the third quarter ended September 30 while underlying earnings improved excluding year-ago event cancellation insurance benefits. Strength in its core trade show segment offset weakness in its content business.
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