Yoga Joint Raises $12M to Continue Florida Expansion
Since announcing its expansion with the Joint Venture Program, the company has added 8 studios and is looking to continue establishing a foothold in South Florida, Orlando, Tampa, and Jacksonville.
PickUp USA Basketball to Open in Charlotte Metro
The Concord, NC gym is a franchised location owned by Kim and Peter Betz, with a targeted a mid-November soft opening.
EXEC: Hoka Drives Deckers Brands’ Fiscal Q2 Growth; Prompts Guidance Bump
DECK now expects Hoka to increase approximately 24 percent year over year, reflecting the continued strength of global demand. Ugg is still expected to grow mid-single digits, and diluted earnings per share expectations range from $5.15 to $5.25 for the year.
EXEC: Saucony Brand’s Q3 China Retail Sell-Through Growth Exceeds 50 Percent
The core Xtep Brand posted a mid-single-digit year-over-year growth for the offline and online channels in China, with a discount of ~25 percent for the three months ended September 30.
Craft Sportswear to Open Pop-Up in SoHo During NYC Marathon
The retail space will serve as Craft’s “basecamp” during the New York City Marathon (November 3, 2024), where it will host events and feature the Kype Pro, the brand’s latest shoe designed for elite runners.
EXEC: Vista Outdoor Schedules Another Special Meeting to Vote on CSG Deal
The company will hold the special meeting of stockholders to vote and approve the merger with the Czechoslovak Group a.s. (CSG) at 9 a.m. (CT) on November 25, 2024.
Nike x BSN Enter Apparel Partnership with Howard Community College
Co-branded HCC and Nike apparel will now be available in online and on-campus retail shops, which BSN Sports will develop—a portion of the proceeds benefiting HCC’s 14 men’s, women’s, and co-ed programs.
Concert Golf Partners Acquires Golf Club of the Everglades
Rees Jones-designed golf club in Naples, FL is the 35th private facility nationwide to join Concert Golf’s portfolio. The Club is private, members-only that is one of the most exclusive and respected in the Naples community.
Life Time Posts Double-Digit Revenue Gain in Q3 as Dues and In-Center Sales Grow
The 18.5 percent revenue increase for Q3 was reportedly driven by an increase in average dues, membership growth in new and ramping centers, and higher member utilization of in-center offerings.
Escalade Posts Q3 Sales Decline on Weak Consumer Demand, But Profits Up
While sales declined across most of the company’s channels during the third quarter, ESCA generated more than 13 percent year-over-year growth in international sales and 29 percent in owned e-commerce sales.
Blue Tees Golf Welcomes New Director of Product
Emmanuel Millot Millot brings over 20 years of global experience in product management and marketing as a leader working with teams in diverse markets to the role.
Ken Hicks Takes the Reins at PetSmart LLC
The former Foot Locker, Inc., Academy Sports + Outdoor, Inc. and JC Penney Chief Executive has been named President and CEO, effective October 31. Hicks will also serve on the company’s Board of Directors.
Life Time Prices Upsized Private Offering of $500 Million of Senior Secured Notes
The Offering was upsized from $400 million to $500 million in aggregate principal amount. The Notes will pay interest on a semi-annual basis. The Offering is expected to close on November 5, 2024, subject to customary closing conditions.
EXEC: Hoka & Ugg Parent Gets October Surprise Downgrade; Others Say Not So Fast
BTIG Analyst Janine Stichter and her team cited concerns over slowing growth trends in the company’s Hoka and Ugg businesses. Williams Trading Analyst Sam Poser started his recent Deckers Brands note with, “Buy DECK.”
StretchLab Exceeds 500 Studios in North America and Hawaii
Assisted stretching franchise surpasses reach with new studio in Honolulu and 1,000 Licenses worldwide. StretchLab is backed by Xponential Fitness, a global franchisor of boutique health and wellness brands.
