NRF: Consumer Spending Not Unraveling; Retail Sales Growth to Continue in 2025
The association’s 2025 sales forecast compares with 3.6 percent annual sales growth to $5.29 trillion dollars in 2024. This year’s forecast also aligns with the 10-year pre-pandemic average annual sales growth of 3.6 percent.
EXEC: Intersport Posts Tepid 2024 Omni-Channel Sales Growth to €14.0 Bn
Despite a challenging business landscape, Intersport saw particularly positive 2024 growth in its French, Italian and Swiss markets, as well as an upward trend in several specific categories, including Sportstyle, Football and Running.
Off Season Apparel Brand Names Fanatics and NBA Veteran Exec as President
U.S. luxury sportswear brand Off Season, launched in collaboration with Fanatics and the NFL in January 2025, has appointed Victoria Picca as president.
Perfect Moment Closes on $6.4 Million Private Placement Funding
The 1,723,989 shares of Series AA Convertible Preferred Stock are convertible into shares of common stock at a fixed price of $1.1601 per common share. Participants in the offering include Max Gottschalk, co-founder and chairman of Perfect Moment, who invested $2.0 million.
Macy’s Advances “Bold New Chapter”; Appoints New Finance Head
Capri Holdings’ finance and operations head, Thomas J. Edwards, will become chief operating officer and chief financial officer at Macy’s, Inc., effective June 22.
Marathon Sports Acquires Fleet Feet Maine Running
Fleet Feet Maine Running, the two-store specialty store based out of Portland, ME, has concluded the sale of its specialty running business to Marathon Sports, a 26 location New England running specialty store brand based in Boston.
ElliptiGo Promotes Bryce Whiting to Chief Executive Officer
Co-founder and outdoing CEO Bryan Pate will continue to be involved with ElliptiGo as CEO of PT Motion Works, the parent company of ElliptiGo and Gibbon North America.
Crunch Franchise to Open Crunch Gyms in Austin and Tulsa
Operated by Crunch Fitness franchisee The Undefeated Tribe, Crunch South Park Meadows in Austin, TX, a 45,000-square-foot fitness facility and Crunch Tulsa Midtown in Tulsa, OK, a 42,000-square-foot facility, will both open in Fall 2025.
EXEC: On Holdings to Transition Leadership as Co-CEO Marc Mauer Plans Exit
The company is transitioning to a single CEO structure, with current Co-CEO and CFO Martin Hoffmann assuming the role of CEO. The company has also appointed four key senior leaders to further strengthen the existing team.
Celsius Holdings Completes Acquisition of Alani Nu
The acquisition, for $1.8 billion, includes $150 million in tax assets for a net purchase price of $1.65 billion, comprised of a mix of cash and stock.
Report: Taking a Global Pulse on Shopping with a Sustainable Mindset
To better understand the consumer perspective, Blue Yonder’s fourth annual Consumer Sustainability Survey surveyed more than 5,000 consumers across Australia and New Zealand (ANZ), France, Germany, U.K., and U.S. on their sustainable shopping opinions and behaviors.
Imperial Headwear Appoints Ryan Garrett as President of Pukka
Before his two-plus year stint in the Nike Headwear business, Garrett was with gearUp Sports for over a year and spent nine months at 3N2. He served for over seven years in various positions with BSN Sports, culminating in his role as a regional sales manager in 2014.
Beachbody Company Meets Top-line Estimates in Q4 but Earnings Missed
Revenue, despite the sharp decline in Q4, exceeded analyst estimates by 1.4 percent. Earnings per share (EPS) missed analyst estimates by 28 percent. Looking ahead, analysts are forecasting revenue to decline by 25 percent on average during the next 2 years.
Foot Locker, Inc. Nails Down New St. Petersburg Global HQ Site
The 110,998-square-foot space at 570 Carillon Parkway, is said to be a Class A office property in the heart of St. Pete.
Rural King Opens New Store in Alabama
Rural King has grown to over 130 stores in fourteen states, providing a broad range of essential goods, food, feed, seed, and other farm and home necessities to communities it serves throughout Alabama, Georgia, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.
