Marc Mastronardi will assume the role as president on August 12, reporting to Harvey Spevak, executive chairman and managing partner of Equinox Group. He has 25 years of extensive retail experience, having held a broad range of leadership positions at Macy’s, Inc. where, most recently, he was the executive vice president and chief stores officer.
Category: Sports/Fitness
Fox Factory Specialty Gets Marucci Lift to Offset Q2 Decline in Bikes
The increase in Specialty Sports Group sales was primarily related to the inclusion of $41.6 million in net sales from Marucci, which the company acquired in 2023, partially offset by a $22.9 million reduction in bike sales.
EXEC: Smith Parent Sees Shift in Brand Success and Challenges in Q2
Smith’s Q2 wholesale revenues of helmets were said to be hampered by lower re-orders of winter products due to a late start to the ski season and a bike business still partially overstocked at the point of sale.
Chipply Beefs Up Sales Team
Meghan Brazzelle was hired as a senior territory manager and Patrick Tolivar as a territory sales rep. Brazzelle and Tolivar will report to Grace Schettler, SVP of sales for Chipply, the online store software supplier for team dealers.
NSGA Names Hayley Fansler Business Development Director
The National Sporting Goods Association (NSGA) promoted Hayley Fansler to business development director. Fansler joined NSGA in March 2018 as business development manager.
EXEC: BOA and PrimaLoft Deliver Healthy Double-Digit Growth in Q2 for CODI
Citing the benefits of inventories rebalancing in the marketplace, Compass Diversified (CODI) reported BOA’s sales surged 42.1 percent in the second quarter while PrimaLoft returned to growth with a 14 percent gain. Said Elias Sabo, CODI’s CEO, on a call with analysts. “We believe both businesses are positioned for a strong back half of the year.”
Ironman Group Promotes Michelle Pepper to Managing Director of Oceania
In her new role, Pepper will be responsible for overseeing all aspects of the Oceania business for The Ironman Group, leading the four Oceania offices, Melbourne, Sydney and Noosa in Australia and Auckland in New Zealand, and the more than 80 full-time employees.
Yue Yuen Forecasts Robust Earnings Gains In First Half
Yue Yuen reported that net income will surge in the range of 115 percent to 120 percent in the first half, to $83.6 million, attributable to a pickup in footwear manufacturing.
Life Time Holdings Q2 Profit Surge on High-Teens Revenue Growth
Second quarter revenue increased 18.9 percent year-over-year to $667.8 million, which was attributed to continued growth in membership dues and in-center revenue.
Gildan Activewear’s Q2 Sales Improve 3 Percent On Activewear Boost
Gildan Activewear, Inc. reported sales rose 3 percent in the second quarter as 6 percent growth in its activewear segment offset declines in hosiery and underwear due to the phase-out of its sock license with Under Armour. Adjusted diluted EPS rose 17 percent year-over-year.
Life Time Promotes Erik Weaver to EVP and Chief Financial Officer
Weaver joined Life Time in 2004 and has served in increasing roles of responsibility, including as the company’s assistant controller from 2016 to 2018, as VP and controller from 2018 to April 2022, as senior vice president and controller, and as principal accounting officer, since April 2022.
BOA, Primaloft and Lugano Lead Gains in CODI’s Branded Consumer Group
Compass Diversified (CODI) saw Q2 sales grow 11 percent on a pro-forma basis to $373.5 million in its Consumer Brands segment, led by gains by BOA, Primaloft and Lugano. The segment also includes 5.11 and Velocity Outdoor.
Sebago, Kappa Parent Sees Strong Double-Digit H1 Declines in Americas and Asia
The parent of the Sebago, Superga, Briko, Kappa, K-Way, Jesus Jeans, and Sabelt brands posted 2024 first half revenues of €173.9 million, a 3.4 percent decline compared to €180.0 million in H1 2023.
Sony and the NFL Launch New Tech Partnership
The new partnership is the latest example of Sony’s further integration in NFL game coverage, which includes sideline photography, broadcast cameras and production, technology that supports officiating, enhancements for in-stadium fan experiences, and more.
Shot Scope Secures $8.5M in Series B Funding, Poised for Global Expansion
Led by Guinness Ventures, which invested $4 million, the company has raised the capital to continue its the company’s global expansion and investment in product development, specialist resources and brand marketing.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal