Orangetheory Fitness Franchisees Open Five Studios in October
The five new studio locations opened in October 2024 are located in Jackson, TN, South Oklahoma City, OK, Spanish Springs, NV, Beauport, Quebec, and Wading River, NY.
Mount to Coast Taps Brooks’ Doug Rosenberg as U.S. Country Manager
Mount to Coast, the running footwear start-up based in Hong Kong, named Doug Rosenberg as its U.S. country manager. Most recently, Rosenberg served as Brooks Running’s director of global footwear business and strategic sourcing,
PureGym Wins Bankruptcy Auction for Blink Fitness Assets
PureGym, backed by Leonard Green & Partners and KKR, will acquire Blink’s corporate operations and a substantial portion of Blink’s locations, with a focus on New York and New Jersey, for $121 million in cash.
HealthFitness Acquires Corporate Fitness Works
The provider of fitness, wellness, and injury prevention programs owned by Trustmark has acquired Corporate Fitness Works, an industry leader in delivering custom onsite and virtual fitness management solutions.
Gildan Activewear Raises FY Revenue Guidance on Activewear Strength
Gildan Activewear Inc.’s third-quarter sales grew 2.4 percent, slightly ahead of guidance, as a 6 percent gain in activewear sales offset an 18 percent slump in its hosiery and underwear sales tied to its phase-out of its Under Armour sock license. Earnings rose 15 percent on improved margins.
EXEC: Peloton Shares Spike with New CEO and Above-Plan Q1 Results
Total revenue in the quarter was $586.0 million, down 1.6 percent from $596 million a year ago. Total revenue was above the high end of its $560 million to $580 million guidance range and analysts’ consensus estimate had been $574.8 million.
Peloton Names Former Apple, Ford Exec as New CEO
Peloton named Peter Stern as its new CEO and president, effective January 1, 2025. Stern currently serves as president of Ford Integrated Services and before that held leadership roles at Apple and Time Warner Cable.
U.S. Olympic and Paralympic Properties Name Nike Exec as CEO
John Slusher, Nike’s long-tenured sports marketing EVP, was named as CEO of the U.S. Olympic and Paralympic Properties (USOPP) for the 2028 Los Angeles Olympics. Ann Miller, the company’s executive vice president, chief legal officer and a 14-year Nike veteran, will replace Slusher as EVP of global sports marketing.
Nike, Inc. Shifts Senior Team Roles in Sports Marketing, Legal and Supply Chain
The company and new CEO Elliott Hill continue to make changes in its Senior Leadership Team (SLT), as it moves to position the company for renewed growth and brand energy.
BOA and Primaloft Lead Compass Diversified’s Q3 Active Brands Gains
Compass Diversified Inc. (CODI) reported sales grew 22.3 percent at BOA and 25.2 percent at PrimaLoft to lead the gains among its active lifestyle brands.
EXEC: Sebago, K-Way Parent BasicNet Relies on Europe for Growth in YTD Period
Europe (+7.3 percent) accounts for ~76.5 percent of aggregate sales while declines were seen in Americas (-30.9 percent), Asia and Oceania (-24.7 percent), and Middle East and Africa (-5.4 percent).
EXEC: Kappa Retail Stores in China Post Continued Declines in Fiscal Q2
China Dongxiang Co., Ltd. reported that its Kappa-branded stores recorded a high-single-digit decrease on a year-over-year basis for the fiscal second quarter ended September 30.
Consumer Confidence Bounces Back In October
The Conference Board reported that its Consumer Confidence Index jumped to 108.7 in October from 99.2 in September—the biggest monthly gain since March 2021. Analysts had forecast a more modest reading of 99.3.
Chipply Names New Marketing Manager
With seven years of experience in the promotional products industry, Ryen McFarland brings a strong background in marketing, sales and customer service to the e-commerce platform for team stores.
World Gym International Acquired by World Gym Taiwan
John Caraccio, chairman of WFS, will serve as interim CEO of World Gym International, while Michael Sanciprian, former CEO of WFS, will be the company’s executive director.
