Target Signals Concerns over Tariffs and Consumer in Cautious 2025 Outlook
Target said fourth quarter results were led by strong performance in Sporting Goods, Apparel, Entertainment, Beauty and Toys.
On Holding Swings to Q4 Profit in Q4; DTC Reaches 48.8 Percent of Net Sales
On’s fourth quarter net sales increased 35.7 percent (+40.6 percent constant-currency) to CHF 606.6 million. The strong performance was said to be supported by On’s ability to convert on the rapid rise in brand awareness across the globe.
Consello Appoints Head of Sports Advisory Business
The global advisory and investing platform, that includes Tom Brady and Serena Williams as a partner, announced the appointment of Nick Mullen as head of its Sports Advisory Business. Prior to joining Consello, Mullen founded Dynamiq Ventures.
Serena Williams Joins Ownership Group of Toronto Tempo
Williams will contribute to bringing the Tempo “to life visually” as part of her ownership role. She will also play an active role in “future jersey designs and help forge team merchandise collaborations.”
Celsius Holdings Appoints President and COO; Fieldly Retains Chair and CEO Role
Eric Hanson reportedly brings to Celsius deep experience leading sales, commercial planning and partnership management, and he most recently served as SVP of strategic partnerships at PepsiCo.
EXEC: Sports Direct to Roll Out Stores in Gulf States and Egypt Via GMG Partnership
GMG has a strong presence in the Persian Gulf States (Gulf), North Africa and Southeast Asia, where it’s a key distributor and operator of Nike stores as well as its home-grown multi-brand sports retailer Sun & Sand Sports, among others.
Life Time Debuts 14th Athletic Country Club in Evanston, IL
The company said the 60,000 square-foot destination, which is situated near the shores of Lake Michigan, extends Life Time’s signature healthy way of life programs and services to the downtown Evanston area.
Fit Fusion, LLC Opens Two Crunch Fitness Locations in Grand Rapids, MI
Crunch Kentwood and Crunch Walker, both 40,000-square-foot fitness facilities located in the Grand Rapids, MI area, officially opened their doors late last month.
USGA Names President-Elect and Two Executive Committee Members
The United States Golf Association (USGA) announced the appointment of Kevin Hammer as president-elect. Hammer replaces Fred Perpall, who is serving the last year of his three-year term.
Recall: Canyon Bicycles Speedmax CF Triathlon Bicycles
This recall involves all Canyon Speedmax CF Triathlon Bicycle models R073 and R41 with V21 aerostems. The aerostem fork steerer tube could crack or break, posing a fall and injury hazard.
EXEC: Fox CEO Talks Marucci’s MLB Ramp Up and an Uneven Return of Bike Sales
As Marucci enters its first year as MLB’s official bat partner, the company has expanded its bat manufacturing capacity as well as designed new products to drive incremental sales and reinforce the company’smarket-leading position in the MLB with Marucci and Victus.
Crunch Fitness to Open Austin Peay Location this Summer
The 50,000-square-foot fitness facility, operated by Crunch Fitness franchisee Fitness Ventures LLC, will open its doors this summer.
Crunch Fitness Inks Master Franchisee Deal for India Market
The company said the Indian development will be led by Nikhil Kakkar, former COO of Gold’s Gym India, and business partner Dr. Umesh Kansal, M.D., CEO of several well-established companies in the fitness industry.
Skechers U.S.A. Opens Concept Store in Milan
Located on a boulevard that receives Milan’s second-highest footfall at 6,900 shoppers per hour, the 294-square-meter store at Corso Buenos Aires 42/9 is described by the company as a re-imagination of mid-century design.
Gymshark Appoints First U.S. Chief Commercial Officer
Kim Dolder, general manager of North America, has been promoted to the company’s chief commercial officer working from Gymshark’s New York office. Dolger also becomes Gymshark’s first U.S. Board member.
