Pvolve Signs Four New U.S. Franchise Studio Deals
The newly signed deals “mark a strategic expansion into key regions,” in Orange County, CA; Lincoln Park, IL; Barrington, RI; and Pleasantville, NY.
Kohl’s BOD Terminates New CEO for Cause; Forecasts Q1 Comps Down in Mid Singles
Multiple sources are publishing that Buchanan was terminated after an investigation found that he violated the retailer’s code of conduct by entering into a “highly unusual” business deal.
Winchester Ammo Expects Q2 Gain After Q1 Sales Dip on Commercial Ammo Decline
The segment’s decrease in sales was said to be primarily due to lower commercial ammunition sales, partially offset by higher military sales and military project revenue. The company expects Winchester’s Q2 results to improve sequentially.
Traeger Swings to Q1 Profit on Grill Growth; Sets Pricing Increase and Expense Cuts
In light of the uncertain demand environment and to promote balance sheet health, the company has significantly reduced purchase orders on grills and will reassess purchase plans with further sell-through data in the coming months.
Crunch Franchise to Open in Oklahoma
Crunch OKC Midwest City in Midwest City, OK, will open this fall. The 47,000-square-foot fitness facility will be located in the Uptown Center next to Family Dollar.
Stio Promotes Four Employees, Hires an Associate Creative Director
The company has promoted Sarah Raff to VP of operations, Liz Barrett to senior director of brand marketing, Stirling Cobb to product marketing director, and Chris Ragusa to director of customer experience. John Brown joins Stio as an associate creative director.
EXEC: Daiwa Parent Warns on FY Sales Results; Will Exceed Profit Forecast
The company reported that outdoor, sports, and leisure industry markets plateaued due to the diversification of consumption into other leisure activities and the impact of rising prices amid the normalization of economic activity.
Repreve Maker Unifi Sees Stronger Fiscal Q3 Americas Business as Asia Weakens
Unifi’s results for the third quarter were in line with expectations, driven by an improved performance in the Americas segment due to the positive traction the company experienced with the growth in its Central America business.
Ernie Els Expands Role in Jondo Eyewear as Investor
As an ambassador and investor, Els, four-time Major’s Champion and World Golf Hall of Farmer now plays an active role in shaping the brand’s growth and long-term vision.
Sturm, Ruger Posts Flattish Q1 Revenues
Earnings improved 9.6 percent in the first quarter as sales dipped 0.8 percent. CEO Todd Seyfert said the flattish sales show Ruger is outperforming the industry amid the “clear and well-documented” headwinds facing the firearms category.
Pure Hockey Expands Network to SD with Hockey Headquarters Acquisition
The company has been on a growth surge with this deal, completed after acquiring Off The Bench in Omaha, NE, in March to bring its network to 82 retail locations across 31 states nationwide under the Pure Hockey and Pure Goalie brands.
Report: More U.S. Consumers Will Abandon Shoe Purchases Based on Price
The new Spring 2025 U.S. Footwear Consumer Survey from AlixPartners and the FDRA found that consumers are more likely to abandon a purchase due to cost, with 78 percent of respondents in its latest survey stating they halted a purchase due to price, up 12 percentage points from 2024.
Authentic Brand Group Inks Sock License for Tapout Brand
Grey Matter Concepts will manufacture and distribute Tapout-branded socks across the U.S. and Canada. Authentic plans to launch the first collection through select retailers and online timed with the Holiday 2025 shopping season.
Garmin’s Fitness and Outdoor Segments Deliver Double-Digit Growth
Garmin, Ltd. reported sales rose 12 percent in its Fitness segment and 20 percent in its Outdoor segment while its Marine segment showed a 2 percent decline.
Liberated Brands Europe Acquired by OneTurn S.A.S.
OneTurn S.A.S., a company newly formed by members of Liberated’s leadership team — CEO Joost Grootswagers and COO Antoine Lanusse — will continue to “preserve and grow the business independently.”
