Puma’s Q1 Sales Dip In Americas Region On Inventory Overhang
Puma SE reported Q1 sales in the Americas region declined 0.8 percent on a currency-neutral basis as wholesale revenues declined, particularly in off-price channels, due to elevated inventories in the marketplace. Overall earnings were down slightly as margin and cost pressures offset a 14 percent gain in sales.
Craft, Cutter & Buck Parent Shows 20 Percent Q1 Revenue Gain
New Wave Group AB, the parent of Craft and Cutter & Buck, reported profits rose 44.8 percent in the first quarter ended March 31 on a 20 percent sales gain.
Edel Golf Names Chief Marketing Officer
Edel Golf, the Denver, CO-based golf equipment maker, hired Mike Pai as chief marketing officer.
Chuze Fitness Acquires Bailey’s Health & Fitness
Chuze Fitness, a family-owned health club chain with 44 locations across the Western U.S., reported it acquired Jacksonville, FL-based Bailey’s Health & Fitness with 16 locations.
CCM Hockey Latest Brand To Partner With Play It Again Sports On Resale Program
Winmark Corp., the parent company of Play It Again Sports, reported it agreed to become the official resale partner of CCM, the hockey brand, with sales running through Play It Again Sports’ with more than 2809 franchised locations in North America.
The Pickleball Club Secures Two New Locations In Florida
The Pickleball Club, founded in 2019, the developer and operator of private membership-based high-amenity indoor pickleball facilities in Florida, secured locations for two new clubs in Venice and Pinellas Park, bringing its total to seven clubs statewide.
Report: U.S. Footwear Sales Slip In Q1 But Performance Footwear Gains
U.S. footwear industry sales revenue was down 3 percent in the first quarter year-over-year to $9.0 billion, according to point-of-sale data published by Circana, formerly The NPD Group. Gains in the performance footwear category, led by basketball, were offset by declines in the leisure and fashion categories.
Xponential Fitness Signs Master Franchise Agreement In Japan For StretchLab
Xponential Fitness, Inc. reported signing a Master Franchise Agreement in Japan for StretchLab that allows Xponential Fitness to license at least 40 StretchLab studios in Japan to franchisees over the next ten years.
JD Sports Appoints Two New Board Directors
JD Sports Fashion Plc, the parent company of JD, Finish Line, DTLR, and Shoe Palace, appointed Angela Luger and Darren Shapland as non-executive directors, effective June 1. Lauger joins JD Sports Remuneration Committee and Shapland its Audit and Risk Committee also effective June 1.
Life Time Holdings Swings To Q1 Profit As Revenues Surge 30 Percent
Life Time Group Holdings, Inc. reported first quarter revenue increased 30.2 percent to $510.9 million. The company said the increase was due to strong growth in membership dues and in-center revenues, which included the continued ramp of our centers and higher member utilization of our in-center offerings.
Dick’s SG Completes Redemption Of Convertible Notes
Dick’s Sporting Goods, Inc. said in a regulatory filing it completed the conversion and redemption of its outstanding 3.25 convertible senior notes due 2025 and expected to reduce its annual interest payments by approximately $1.9 million.
Academy Sports + Outdoors To Open First Store In Peoria, IL
Academy Sports and Outdoors, Inc. reported it will open its first location in Peoria, IL, this summer; this is the second location in Illinois, set to open in Grand Prairie Plaza. The floor space covers over 60,000 square feet.
Gymshark’s Fiscal 2022 Profits Slide On Higher Costs
Gymshark, the UK-based activewear brand, reported pre-tax profits fell 39 percent in its fiscal year ended July 31, 2022 as higher costs offset a 21 percent gain in sales, led by robust U.S. growth.
Lululemon Promotes Two To EVP Positions
Lululemon promoted two members of its senior leadership team to EVP positions. Susan Gelinas was named chief people and culture officer, and Shannon Higginson was appointed chief legal and compliance officer.
Evnroll Putters To Merge With Uneekor
Creatz, Inc., the parent company to South Korean golf technology company Uneekor, acquired a majority stake in the Carlsbad, CA-based putter brand Evnroll.
