Yue Yuen’s Sales Dip 2.8 Percent In November
Yue Yuen reported consolidated operating revenue in November reached $657.5 million, representing a decline of 2.8 percent year over year. Sales grew 6.1 percent at Yue Yuen’s Manufacturing Business segment and fell 17.8 percent at Pou Sheng, Yue Yuen’s retail subsidiary in China.
Hyosung Textiles Hires Global Marketing Director
Hyosung, a textile solution and spandex brand provider, hired Simon Whitmarsh-Knight as textile global marketing director
Planet Fitness Names President And COO
Planet Fitness, Inc. hired Edward Hymes as president and chief operating officer, reporting to CEO Chris Rondeau.
RYU Board Member Resigns
RYU Apparel, Inc. informed its shareholders that Roger Edwards, the company’s director, had resigned, effective immediately.
Precor Undergoes Leadership Changes In Peloton Realignment
Precor reported it was repositioned as a wholly-owned subsidiary under Peloton, led by Dustin Grosz, the fitness equipment maker’s interim CEO. As part of the transition, Betsy Webb will step down as vice president of Peloton Commercial, which had supported the Precor subsidiary, effective January 6, 2023.
Lids Opens Lids Hat Drop Concept Store
Lids opened a retail concept store, Lids Hat Drop, an iteration of the LidsHatDrop.com platform launched earlier this year, in Jamaica, Queens, NY.
Equinox Holdings’ Debt Ratings Downgraded
S&P Global Ratings lowered its debt ratings of Equinox Holdings Inc. over concerns the fitness chain operator will face challenges meeting commitments under its $76 million revolving credit facility due March 2023.
Under Armour Partners With XFL
Under Armour and the XFL reported it entered into a partnership. Under the terms of the agreement, UA becomes its “official” uniform provider beginning with the 2023 XFL season for all on-field play, including jerseys, base layers, sideline, and training apparel.
Keurig Dr Pepper Acquires Equity Stake In C4 Energy Maker
Keurig Dr Pepper, Inc. is paying $863 million for an approximately 30 percent ownership stake in active nutrition company Nutrabolt, owner of C4 Energy, C4 Pre-Workout and Xtend brands. The companies also have entered into a long-term sales and distribution agreement.
Puma Names Chief Product Officer
Puma promoted Maria Valdes to chief product officer and to its Board of Management, effective January 1, 2023. Valdes’ current role is general manager, Puma Sportstyle.
Lululemon Lifts Outlook As Q3 Comps Surge 22 Percent
Lululemon Athletica Inc. again raised its outlook for sales and earnings in the year after reporting third-quarter results that topped guidance. Comparable sales in the quarter jumped 22 percent, or increased 25 percent on a constant dollar basis.
GolfTrainingAids.com Acquires The Putting Arc
GolfTrainingAids.com, the seller of golf teaching and training aids, has acquired The Putting Arc.
Anta Exploring Amer Sports IPO
Anta Sports Products, Ltd., the Chinese sports equipment corporation headquartered in Jinjiang, is reportedly holding preliminary talks with investment banks for an IPO of Amer Sports that could raise about U.S.$1 billion or more, according to Bloomberg.
TopGolf Callaway’s Debt Rating Outlook Upgraded
Moody’s Investors Service affirmed Topgolf Callaway Brands Corp.’s debt ratings and changed its outlook on the company to stable from negative due to improving results.
Academy Sports’ Q3 Comps Slide 7.2 Percent
Academy Sports and Outdoors, Inc. reported earnings on an adjusted basis declined slightly in the third quarter ended October 29 against difficult year-ago comparisons but topped Wall Street expectations. Same-store sales were down 7.2 percent with overall sales coming in below analyst targets. Sales were up 30.5 percent versus the pre-pandemic 2019 third quarter.
