Valley Preferred Cycling Center Names Executive Director
Gary Thornton’s career spans over three decades, bridging both the operational and public-facing sides of the sport, including senior leadership roles at Detroit Bikes and Beacon Manufacturing. He also served as a professional announcer at nationally recognized cycling races and marathons.
5.11, BOA and Primaloft Parent CODI’s Debt Ratings Downgraded
Moody’s said the downgrade reflects CODI’s “elevated financial leverage based on the restated financials, the uncertainty around the company’s ability to reduce leverage and generate sustained and comfortably positive free cash flow over the next 12 months.
PickleRage to Open in Austin
PickleRage, the indoor pickleball club franchise, is planning to open its first location in Austin, TX, in the second quarter of 2026, marking its entry into the state.
Burn Boot Camp Opened 36 New Gyms in 2025
Burn Boot Camp, based in Charlotte, NC, reported it signed 51 new agreements and opened 36 new gyms in 2025, including its first in West Virginia. The company plans to open roughly 100 new gyms in 2026.
The Women’s Sports Foundation Welcomes New President and Board Members
The Women’s Sports Foundation (WSF) announced new members and leaders of its Board of Trustees, including the appointment of Swin Cash, a Naismith Memorial Basketball Hall of Famer, as board president, and three new Board of Trustees members, including Diana Flore, Molly Levinson and Sloane Stephens.
Athleta Parent Gap Inc. Debt Ratings Upgraded to Positive
Moody’s Ratings changed Gap, Inc.’s debt-ratings outlook to positive from stable and affirmed its overall debt ratings due to its improving performance across banners outside of Athleta.
Stio Makes New Hires Across Product, E-Commerce and Planning
The Jackson Hole, WY-based mountain lifestyle brand announced several new hires across product, e-commerce and planning, including Siobhan Phillips, formerly at Sport Obermeyer and Fjällräven, as senior product line manager, apparel.
Represent Appoints Ex-Adidas Yeezy Executive Jim Anfuso to Lead North America
Represent, the Manchester, England-based men’s fashion brand, has appointed Jim Anfuso, a former Adidas Yeezy executive, as brand president for North America. He served as SVP and General Manager of Yeezy x Adidas from 2016 to 2020.
Under Armour Faces Data Breach
Under Armour announced that it is investigating claims of a massive data breach after a cybercriminal posted millions of customer records to a hacker forum.
Target Appoints Former Nike and HanesBrands Execs to Board
Target Corporation appointed John Hoke, III, former chief innovation officer at Nike, Inc., and Steve Bratspies, former chief executive officer of HanesBrands, Inc., to its board of directors. Their appointments were announced, with Michael Fiddelke, chief operating officer, set to replace Brian Cornell as CEO on February 1.
PGA Tour Superstore to Open Fourth Store in Atlanta
PGA Tour Superstore plans to open a new store in Atlanta’s Buckhead Square on March 7, marking its fourth in the area. The Buckhead location will join locations in Roswell, Kennesaw and Duluth, GA, along with its Store Support Center headquarters.
Precision53 Acquires The Iron Factory
Precision53 (P53), a U.S.-based golf equipment maker known for manufacturing forged irons domestically, has acquired substantially all assets related to club machining, refinishing and chroming from Arizona-based The Iron Factory.
GTCR Appoints CFO
GTCR, the Chicago-based private equity firm, announced that Rohan Ranadive has joined the firm as managing director and chief financial officer. Ranadive succeeds Anna May Trala, who is retiring after a long tenure as GTCR’s CFO.
Life Time Sees Q4 Sales Exceeding Wall Street Targets, Forecasts 11 Percent Growth in 2026
Life Time Group Holdings Inc. said it expects sales and earnings for the fourth quarter and year to exceed analyst targets. The high-end fitness center operator also forecast sales to climb 10.7 percent in the current year, supported by the opening of 10 to 12 clubs and approximately 7 percent same-club growth.
Kokatat Acquired by The Wing Group
The Wing Group, owner of marine and outdoor brands including Wing Inflatables, Mustang Survival, FabTek, Henshaw, and Patten, acquired Kokatat, the manufacturer of paddle sports apparel and equipment headquartered in Arcata, California.
