Pinnacle Outdoor Group Names Sarah Maher General Manager
The agency said Maher had been operating in this role since 2022, overseeing strategic development and sales operations in addition to her role as the agency’s Vermont sales rep.
Athleta Q2 Comps Slide 7 Percent; Parent Gap Inc. Swings to Profit
Athleta net sales totaled $341 million for Q2, down 1 percent compared to last year. While sales continue to be impacted by product acceptance challenges, the brand has taken near-term actions to improve product presentation and creative.
Nordstrom’s Q2 Profits Fly Past Analyst Targets
Nordstrom, Inc., reported earnings in the second quarter improved 8.7 percent year-over-year and nearly doubled Wall Street’s consensus target. The upscale department store chain said it benefited from continued progress on key priorities of Nordstrom Rack improvement, inventory productivity and supply chain optimization. Guidance was maintained for the year.
Alterra Mountain Co. Embarks on Major Expansion of Deer Valley Resort
Alterra Mountain Company plans to expand Deer Valley Resort, adding 3,700 acres to the ski-only destination in the Wasatch Mountains in Park City, UT.
EoS Fitness Opens in Houston’s Fifth Ward Neighborhood
EoS Fitness opened a new 34,000-square-foot location close to downtown Houston in the Fourth Ward neighborhood, its fifth gym in the city and sixth in Texas.
Yamaha Motor Corp. Acquires Florida Saltwater Testing Facility
The company purchased Fort George Island Marina in Duval County, FL, intending to convert the facility into the Yamaha Offshore Endurance Center.
Unior Bike Tools Names Canadian Distributor
Unior Bike Tools signed a multi-year distribution agreement with Outdoor Gear Canada (OGC) for the Canadian market. OGC started taking orders for Unior Bike Tools products in August with deliveries beginning later this year.
Grassroots Outdoor Alliance Promotes Dana Howe to Vice President
Grassroots Outdoor Alliance (GOA) promoted Dana Howe, director of membership and education, to vice president.
Shein Partners with Sparc to Drive Forever 21’s Growth
Sparc Group Holdings, the joint venture between Authentic and mall operator Simon Property Group, partnered with Shein, the Chinese e-commerce platform, to support the company’s Forever 21 business.
True Capital Acquires Bench and Nicce Owner Apparel Brands
London-based True Capital acquired Apparel Brands, the Manchester-based parent of Bench, Nicce and Hooch fashion apparel brands. Apparel Brands also licenses Smith & Jones, Ed Hardy, Farah, Seafolly, Money, and Caterpillar.
HanesBrands Forms Apparel Partnership with Texas A&M
HanesBrands signed a deal giving it exclusive design rights to manufacture and distribute Texas A&M fanwear at mass retail and campus/local channels. The University opened a “Champion Station” in-store shop inside its Memorial Student Center Barnes & Noble Bookstore to support the partnership.
Reebok Opens Full-Price Store in Mexico
Reebok opened its first freestanding full-line store at Mexico City’s Fórum Buenavista shopping center as it ramps up its international expansion.
Inov-8 Opens First U.S. Store
Inov-8 opened its first U.S. store in Meridian, ID. The U.K.-based footwear manufacturer’s stores now number three, with the other two in England.
Moody’s Lifts Life Time Group’s Debt Ratings on Improving Results
Moody’s raised its debt ratings on Life Time Group Holdings, Inc. due to the owner and manager of fitness and recreational sports centers improving performance, including membership, revenue, EBITDA trends, and steps the company has taken to reduce leverage.
Burlington Stores Sees Weakness in Low-End Consumer but Exceeds Q2 Guidance
Burlington Stores, Inc. reported second-quarter earnings that came in well above guidance but still reduced its earnings outlook and narrowed its sales guidance for the year due to pressures facing its lower-income shoppers.
