Amer Sports Sees 2024 Sales Growth and Profit Margin at High End of Guide
The company expects full-year 2024 revenue growth to be at the high end of its previous guidance range of 16 percent to 17 percent growth despite “rising headwinds related to unfavorable foreign currency exchange rate fluctuations in the fourth quarter.”
Journeys Group Comps Jump 14 Percent in Holiday Selling Period
The company said sales trends at Journeys accelerated somewhat more than than management anticipated following a good start to the holiday season, led by strong full price selling in the weeks leading up to Christmas.
Jetset Pilates Enters Boston Market, Sets Sights on Northeast Growth
A new studio will open in Spring 2025 in Wellesley, MA, in a prime location near local shops and restaurants, with convenient access for the community.
Fleet Feet Opens Third Locally-Owned Store in North Carolina
This is is the third Fleet Feet store owned by John and Elizabeth Dewey in North Carolina. They operate Fleet Feet stores in Greensboro and High Point, NC, respectively.
Lazard Names Managing Director and Global Head of Sports Advisory
Stephen Finkel has joined the firm as a managing director and global head of Sports Advisory based in New York. The firm also welcomed Manoel Carvalho as a managing director and Bryan Tannenbaum as a vice president of the firm’s Media, Entertainment & Sports advisory group.
Orangetheory Fitness Grows Global Reach, Opens 31 New Studios in 2024
With nearly 1,500 studios across 24 countries, supported by franchise partners, each studio offers the brand’s “signature one-hour Orange 60 workout, as well as Tread 50 and Strength 50 classes,” catering to various fitness preferences.
PEX Fitness Names Industry Vet as Managing Partner
As the buildout for the facility began, effective January 1, 2025. Badlissi is an industry veteran in the boxing and general fitness categories who brings industry experience and an entrepreneurial mindset.
Macy’s, Inc. Confirms Planned Store Closures
As previously disclosed, the 66 Macy’s locations will close as part of the company’s “Bold New Chapter” strategy.
Costco December Comps Jump 9.9 Percent x-Gas; E-Commerce Jumped 35.7 Percent
E-commerce sales in December were said to be positively impacted by an estimated 15 percentage points, due to Thanksgiving / Black Friday / Cyber Monday occurring a week later in 2024 versus holiday 2023.
Revo Moves to Direct Distribution in Key EU Markets; Adds New Region Leadership
Revo has made a strategic shift in its global distribution model, transitioning to direct distribution in several key markets, supported by a new leadership team.
Schutt and Vicis Parent Inks Safety Alliance with Guardian Cap Maker
With the partnership of leading brands Schutt and Vicis and the related certification of a combination of technologies, the company will broaden the availability of Guardian Caps and helmets to players worldwide.
Riddell Makes Key Leadership Appointments and Exec Promotions
Ridell promoted Thad Ide to chief product officer and Michael Oller to executive vice president of Revenue and Customer Experience. Joining them on Riddell’s executive leadership team is Aravind Kashyap, chief information officer, who assumed the position last fall.
EXEC: JCPenney Merges with Sparc Group to Form Catalyst Brands
The combined Catalyst Brands organization is a joint venture formed in an all-equity transaction between JCPenney and the Sparc Group, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group, and Shein.
EXEC: Anta Reports Fila Retail Sales in China Swings to Growth Mode in Q4
Retail sales for the Fila brand in China reportedly increased in mid-single digits for the 2024 full-year period, while Anta brand sales improved in the high-singles year-over-year and All Other Brands, including Descente and Kolon Sport, saw fourth-quarter retail sales increase in the 40 percent to 45 percent range.
NRF’s Chief Economist Believes 2024 Ended on a High Note
Jack Kleinhenz’s comments came in the January edition of the NRF’s Monthly Economic Review, in which he reported that the 2024 gross domestic product was on track to grow 2.7 percent over 2023, based on results for the first 11 months of the year.
