Patrick Industries Inc. Acquires Sportech, LLC in $315 Million Deal
Following closing, Sportech will continue its operations as a wholly owned subsidiary of Patrick under the Sportech name and within its existing facilities.
Wolverine World Wide, Inc. Sells Sperry Brand
The sale of Sperry to Authentic Brands Group will reportedly generate total proceeds of approximately $130 million in the first quarter to pay down debt, further strengthening its balance sheet.
EXEC: Feng Tay December Trend Back in the Red and Full-Year Declines 10.6 Percent
Manufacturing revenues for one of the biggest Nike suppliers declined 1.7 percent in December to NT$7.7 billion, returning to the negative trend that has plagued the company for most of the year.
Columbia Sportswear Appoints Former Nike Brand President to Board
From 1979 to 2014, Denson held various positions at Nike, Inc., in different management roles, including president of the Nike Brand, a position he held from 2001 until his retirement in 2014.
USA Hockey Extends Deal with Winmark as Official Resale Partner
Winmark and its portfolio of resale brands, including Play it Again Sports, will continue its exclusive designation as the official resale partner of USA Hockey and as an official sponsor.
Crunch Fitness Opens Fifth Charlotte Location
The 44,000-square-foot fitness facility in Steele Creek occupies a former Club Fitness facility, representing the fifth Crunch location to open in Charlotte, NC.
Pure Hockey Acquires Arizona Hockey Retailer
The company said this strategic move to acquire Behind the Mask marks its first entry into the Arizona market and underscores the company’s commitment to serving the needs of hockey players across the United States.
REI Plans to Open 10 New Stores in 2024
The co-op will open stores at Arrowhead Promenade in Glendale, The River in Rancho Mirage, and St. George Place in St. George. The new St. George Place store will include a ski and snowboard shop.
Puffin Drinkwear Hires VP of Wholesale Sales
Julian Davis will bring his extensive experience in sales and operations, account management and product marketing to the company.
Report: Two-Month Holiday Selling Season Sales Rose 3.07 Percent
Total retail sales for the full calendar year 2023 were up 5.32 percent over 2022, and core retail sales were up 4.46 percent.
Planet Fitness Revenues Rose 8.7 Percent in 2023
Year-end membership to approximately 18.7 million members in 2023, an increase of 1.7 million since the end of 2022, and full-year system-wide same-store sales increased by 8.7 percent for the year ended December 31.
Xponential Fitness Will Meet or Beat Estimates for the Year
Xponential Fitness, Inc. provided 2023 operating highlights ahead of the company’s participation at the ICR 2024 Conference in Orlando FL and the Jefferies Winter Consumer Summit in Avon, CO.
Orangetheory Opens First Fitness Studio in Manassas
A boutique fitness studio franchise based in Boca Raton, FL, is planting roots in Manassas, VA, centrally located in Bull Run Plaza.
Fitness Ventures Acquires Crunch Toledo Location
The acquisition of Crunch Toledo is part of a growth plan for Fitness Ventures, aiming to own and operate 100 clubs by 2027.
Crunch Fitness to Open in Cedar Park, TX
Crunch Cedar Park, a $5 million, 40,000-square-foot fitness facility with state-of-the-art equipment, is located in a newly renovated space previously occupied by Gold’s Gym.
