Magic Surf Brazil Hires Director of International Sales
With Ty Zulim’s leadership, Magic Surf Brazil reported that it is “well-positioned to strengthen its presence in key international markets while maintaining its commitment to cutting-edge technology and excellence in surfboard manufacturing.”
Rally House Opens Fourth Location in Houston
Rally House announced the grand opening of its latest storefront, Rally House Riverstone, marking the fourth Rally House location to launch in the Houston area this year.
Jetset Pilates Opens First NYC Studio Opening in SoHo
Jetset Pilates officially opened the doors of its first New York City studio in SoHo.
Crunch to Open Studio in Indianapolis
The $5 million, 40,000-square-foot fitness facility will open in Spring 2025. Operated by Crunch Fitness franchisee Fitness Ventures.
Arris Composites Selected for U.S. Army for Study on Carbon Fiber Boot Plates
The company was selected by the U.S. Army for a study on the use of advanced carbon fiber plates in military boots. The project builds on Arris’ development of a carbon fiber plate for Brooks’ Hyperion Elite 4 running shoe.
Shoe Show Reports Cyber Security Incident
The retailer reported a cyber security incident involving a Shoe Show employee e-mail account. Shoe Show filed a data breach notice detailing the incident with the Attorney General of Maine, on October 9.
Deloitte Forecasting 8 Percent Bump in 2024 Holiday Season Spending
The firm reported that consumers will bargain shop even if it means choosing value over loyalty. The business advisory firm also sees a ramp up in experience gifting to more than offset flat sales in traditional merchandise.
EXEC: Lululemon Touts International Growth Potential
At an investor event held in Shanghai, Lululemon Athletica officials did not provide any major updates on progress in reviving North America revenues, but analysts told SGB Media that officials laid out a convincing strategy to reach its goal of having international ultimately represent half of sales, fueled predominately by China Mainland.
YogaSix Opens First Studio in Germany
The opening of the Frankfurt studio is part of YogaSix’s ongoing global expansion, which includes more openings in Germany and a debut in Japan as a result of a Master Franchise Agreement signed earlier this year. Christophe Collinet and Daniel Hoffman of LifeFit Group are leading the expansion efforts.
Life Time’s Debt Outlook Upgraded on Proposed Loan
Moody’s Ratings changed its debt rating outlook on Life Time to positive from stable as the fitness club operator continues to reduce leverage through earnings growth and debt repayment. The change largely reflects Life Time’s proposed $1 billion senior secured first lien term loan due 2031.
NRF Sees 2024 Holiday Selling Season Growth Lowest Since 2018
“Household finances are in good shape and an impetus for strong spending heading into the holiday season, though households will spend more cautiously.” – NRF Chief Economist Jack Kleinhenz.
Ironman Hires EVP of Global Partnerships
The Ironman Group added Yanni Andreopoulos, formerly at ABB FIA Formula E, as executive vice president of Global Partnerships.
Beyond Yoga Parent, Levi Strauss, Appoints Board Member
Levi Strauss & Co. announced today that its board of directors has elected Daniel Geballe as a board member, effective April 26, 2025. At that time, current member David Friedman will retire from the board.
EXEC: Adidas Again Lifts Guidance on Robust Third Quarter Results
Excluding Yeezy sales, currency-neutral revenues jumped 14 percent in Q3. Any further Yeezy sales this year are expected at cost, resulting in ~€50 million in additional sales and no further profit contribution in the fourth quarter.
Foot Locker Signs Multi-Year Partnership with Chicago Bulls
Ahead of the 2024/25 NBA season, Foot Locker, Inc. announced a multi-year partnership with the Chicago Bulls. “The rich legacies of Foot Locker and the Chicago Bulls—two institutions that have long been at the forefront of basketball culture—make this partnership a natural fit,” said Frank Bracken, EVP and chief commercial officer at Foot Locker.
