Eleiko Group Appoints New Chief Financial Officer
Tina Brandt joins Eleiko with over 20 years of senior finance experience across publicly listed and private companies. Most recently, she was the CFO at Gerdmans Inredningar AB and has previously held key finance positions at AJ Produkter and Hafa Bathroom Group.
Easy Mile Fitness Enters Oregon with Acquisition of Nine Planet Fitness Locations
The privately held Planet Fitness franchisee, has acquired nine Planet Fitness locations in Oregon from the Lubrano Franchise Group (OKTA Holdings).
Report: Companies are Lowering the Talent Bar and Modifying Job Requirements
Companies are challenged to find both best-fit outside candidates and identify and cultivate existing talent,” Betterworks observed in the survey summary report.
Fitness International Brings Club Studio to Citrus Heights, California
The 36,000-square-foot health club is the fifth Club Studio location to open, marking the continued expansion of Club Studio’s fitness offering.
Go Sport Expanding into Baghdad, Iraq
The international sports retailer’s expansion into Iraq is part of Go Sport’s broader growth strategy, following the brand’s acquisition by Al Mana in April 2023.
Report: August Retail Sales Growth Slowed Sequentially from July Trend
August’s core retail sales, as defined by the NRF, are based on census data, excluding auto dealers, gas stations and restaurants, were reportedly up 0.3 percent m/m seasonally-adjusted and up 3.3 percent y/y unadjusted.
EXEC: Bain Sees E-Commerce Driving 90 Percent of Holiday Growth (updated)
Bain said a potential rate cut this week could spur consumer confidence and sales may also benefit as some consumers feel wealthier from rising disposable income and strong stock market gains this year. Deloitte and Bain both see e-commerce up in the high single digits for Holiday 2024 versus Holiday 2023.
Akusoli Insoles for Healthy Feet, Back and Body
Leveraging acupressure cushions and magnetic technology placed in pressure points corresponding to specific body parts, the company’s insoles offer wearers a “gentle massage for relief and relaxation.”
NRF Names Jill Dvorak as Senior VP of Content
Dvorak previously served at the NRF as vice president of content and retail strategy from 2017 to 2022. Before returning to the NRF, Dvorak was the chief content officer at CommerceNext.
NRF and Comexposium Expand Retail’s Big Show to Europe
The marriage of NRF Retail’s Big Show and Paris Retail Week to create Retail’s Big Show Europe broadens with the rebranding of the Paris Retail Week annual conference and exhibition beginning in 2025.
JD Sports Board Remuneration Committee Chair to Step Down
Suzi Williams, non-executive director and chair of the company’s Remuneration Committee, submitted her intention to step down on November 1, 2024. On October 1, Williams will hand over the Remuneration Committee Chair role to Angela Luger.
Report: Leisure Footwear, Portable Beverageware Rise to Top of BTS Shopping Lists
Circana said in a media release that this year’s BTS spending is following a pattern similar to last year, but it’s falling short of last year’s performance.
Garmin Co-Founders Inducted into National Aviation Hall of Fame
Garmin Co-Founders Dr. Min Kao and the late Gary Burrell were inducted into the NAHF at its 60th annual enshrinement ceremony at the National Museum of the U.S. Air Force held September 14.
Crunch Franchise to Open in Port Arthur, TX
Crunch, a full-spectrum fitness gym offering weight and cardio equipment, personal training and over 200 fitness classes, is a U.S.-based brand with over ver 400 franchised and corporate-owned fitness clubs worldwide.
EXEC: Nike and Adidas’ China Retail Partner Warns of Fiscal H1 Sales and Profit Decline
The company, which also manages retail operations in China for other “non-principal” brands, including Puma, Converse, Vans, The North Face, Timberland, Asics, Hoka, Skechers, the NBA, and other brand partners, reported that H1 profit is expected to decrease 35 percent year-over-year.
