24 Hour Fitness Opening Two New California Clubs
The Irvine club, situated in the Irvine Marketplace, opened to the public on August 5 and the Roseville club will officially open its doors on August 12.
Camping World To Acquire RV Arizona
Camping World Holdings, Inc. plans to acquire RV Arizona Consignment Specialists in El Mirage, AZ, with a close date in Q4 2023.
Rally House Opens Seven Stores in Record-Breaking Weekend
Rally House opened seven stores in five states over the weekend, marking the first time in the retailer’s history to open that number of doors in one weekend.
Martha Taps Surf Industry Vet as National Sales Manager
New NSM Mike Vavak was most recently international sales manager at Paris Truck Co. His past work includes brand director at SGS Sports and sales manager at Body Glove Wetsuits and Ocean and Earth.
NRF Launches Center for Digital Risk and Innovation
The Center is expected to serve as the focal point for NRF’s engagement on technology issues that have significant policy and risk management implications for the global retail industry.
BRC: British Retail Foot Traffic Recovers as Outlets Fuel Growth
The data shows that much of the footfall recovery in July was shored up by strong performance in outlet retail, as shoppers turn to discount formats to make spend go further.
Pickleball Kingdom Entering Wisconsin with New Franchisee
The expansion comes as a result of a partnership between Pickleball Kingdom Franchising and Forbici Management Group, Inc.
Life Time Debuts Athletic Country Club and Beach Club in Miami
Life Time Miami at The Falls covers 120,000 square feet with its three-story building and outdoor beach club.
Pentland Brands Simplifying Business Structure; Cutting 90 Jobs
Pentland Brands reported it initiated a new program to “simplify the way its business is organized” to focus on product, digital, consumer data, and analytics; however, it means laying off 90 employees. The second quarter of fiscal 2023 was $400.7 million, a decrease of 1.5 percent, compared to net sales of $406.7 million in the second quarter of fiscal 2022.
Xero Shoes CPO, Dennis Driscoll, Retiring After 44-Year Footwear Career
Long-time global footwear industry veteran Dennis Driscoll is retiring on September 1 after more than 44 years. He has served as chief product officer for Xero Shoes since 2012.
Truewerk Hires Prana Vet as Chief Financial Officer
Truewerk, the direct-to-consumer performance workwear brand, hired Michael Pogue as chief financial officer. Pogue spent eleven years working for Prana and eight years with Guess?, Inc.
Yamaha Marine Looks to Suzuki for Technology Chief Role
The Yamaha U.S. Marine Business Unit hired Grant Suzuki as chief of technology, Advanced Marine Systems, focused on leading and building-out Yamaha’s C.A.S.E. strategy.
Xponential Fitness Raises Guidance After Strong Second Quarter
The company saw total revenue for the second quarter increase 30 percent to $77.3 million, up from $59.6 million in the prior-year period. The increase included a corresponding North America same-store sales increase of 15 percent.
Costco’s Same-Store Sales Bounce Back in July
Costco Wholesale’s same-store sales rebounded in July, snapping a two-month negative streak.
Newell Brands Debt Ratings Downgraded
S&P Global Ratings lowered its debt ratings on Newell Brands, Inc. due to its expectations that the company’s debt leverage would remain higher for longer after a weak first half of 2023 and finish the year at well over 5.5x.
