Construction on the facility will begin early this fall with a groundbreaking. The building phase is expected to create more than 800 temporary construction jobs. The facility is expected to open in early 2026.
Category: Sports/Fitness
EXEC: On Posts Strong Q2 but U.S. Growth Slowed by New Atlanta DC Transition Issues
Without the impact of the Atlanta warehouse transition, the company believes it would have been able to deliver sales growth on a global level above its full year guidance and would have seen a stronger D2C share or higher D2C share.
Nordstrom Plans to Open Four New Locations in North Carolina by Spring 2025
In addition to a planned 25,000-square-foot Nordstrom Rack store in Morrisville, NC, the retailer will also open three stores in Mooresville, Raleigh and Matthews, NC this fall and next spring.
EXEC: Asics Corp. Gets Big First Half Lift from Yen Depreciation
Net sales for the 2024 first half increased 18.0 percent to ¥342.2 billion, which was said to be due to strong sales in all categories, but the weaker yen had a major positive impact of the first half. Excluding FX currency fluctuations, sales would have increased just 8.7 percent year-over-year.
Escalade Closes Sale of Mexico Facility and Related Assets
The company has consolidated operations into other Escalade facilities in North America. Proceeds from the sale will be used to reduce the company’s higher cost variable rate debt.
On Holding Sees Q2 Profits Surge on Continued Sales Growth Across Regions, Categories
Total net sales amounted to CHF 567.7 million in Q2 2024, an increase of 27.8 percent year-over-year and 29.4 percent growth on a constant-currency basis. Net income margin increased to 5.4 percent of net sales in Q2 from 0.7 percent in Q2 2023.
Scott USA Appoints Chief Marketing Officer
Matt Heitmann, who has held leadership roles at Signa Sports United, BMC, Canyon Bicycles, USA Cycling, and Backcountry, brings over 25 years of experience in business management, brand strategy, digital and growth marketing, customer service, e-commerce, and business operations, to the role.
Fanatics Expands Partnership with England’s Football Association
Deal sees Fanatics add product licensing rights to eCommerce, stadium retail and merchandising partnership
EXEC: Yue Yuen Sees Improving FW Manufacturing but China Retail Still a Drag
The volume of shoes shipped during the first half period increased by 9.9 percent to 120.7 million pairs amid a “decent recovery trend” and a further normalized order book. Pou Sheng China retail decreased 12.7 percent to $1.38 billion in U.S. dollar terms for the first half.
Crunch to Open Fitness Studio in Louisiana
Crunch Mandeville, the $5 million, 29,000-square-foot fitness facility, operated by franchisee Fit Fusion, LLC, will open in December in Mandeville, LA.
Thorne Names Chief Growth Officer
Former Kate Spade CMO Mary Beech has been named chief growth officer. Beech will reportedly oversee Thorne’s marketing team and e-commerce business from her base in New York. She will report into Thorne CEO Colin Watts.
Crunch Fitness Appoints Chief Operating Officer
The franchisor’s chief experience officer, Molly Long, was promoted to the company’s new chief operating officer, effective August 12.
Extraordinary Brands Acquires Franchisor Neighborhood Barre
The parent of the Pūrvelo Cycle, Eat the Frog Fitness, and Row House has acquired Neighborhood Barre, marking the fourth boutique fitness brand to join the fitness consolidator.
Gold’s Gym Opens Renovated Space on Path to Atlanta Expansion Plan
The 24,800 sf gym in Dacula is owned by franchisee Koran Winters, who purchased it in 2023. Winters has plans to grow the brand’s footprint in the Atlanta area, with one new gym opening planned per year over the next seven to eight years.
Pickleball Kingdom Continues Expansion in Tennessee
The company is launching two new indoor pickleball facilities in Chattanooga and Memphis, led by franchisees Bappa Mukherji, Anjali Mukherji Doria and Jake Doria
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