SGB Update

Orangetheory Fitness Franchisee to Open 14th NJ Location

Empire Portfolio Group an area developer and franchisee of Orangetheory Fitness will open a new studio in Warren, NJ. Empire said this significant expansion “solidifies Empire’s presence in New Jersey,” becoming their 14th location in the state.

Macy’s, Inc. to Hire for More Than 38,000 Seasonal Positions

Macy’s, Inc. reported plans to hire more than 38,000 full- and part-time seasonal workers for the upcoming holiday season at its Macy’s, Bloomingdale’s and Bluemercury stores and distribution centers, consistent with open positions in 2022.

West Marine Inks Agreement with Lenders

The transaction will provide West Marine with liquidity and significantly reduce total debt to strengthen the company’s balance sheet and financial profile. The agreement was supported by 100 percent of the holders of the company’s funded debt obligations and West Marine’s current principal equity holder, L Catterton.

Volumental Expands in North America; Appoints Hollowell as GM

Volumental, the fit technology company based in Stockholm, appointed current CMO and seasoned footwear industry veteran Brent Hollowell as general manager for its North American operations to accelerate growth in the region.

Club Champion Opens Fitting Studio Near Vancouver

Club Champion opened a new fitting studio in Richmond, British Columbia, Canada, its first Club Champion-branded store in the country following its acquisition of Tour Experience Golf (TXG) in 2022.

Puma Extends Scuderia Ferrari Partnership

In the coming years Puma will also continue to be the licensing partner for Ferrari-branded products and the supplier of F1 team and race wear for Ferrari and will become its premium partner starting in 2024.

Lands’ End Names CFO

Lands’ End, Inc. announced that Bernard McCracken, the company’s interim CFO since January 2023 and chief accounting officer since April 2014, was named chief financial officer.

Pvolve Opens Second Franchise Studio

The newly opened Pvolve location in Carlsbad, CA builds on the company’s pipeline of franchise locations coming to market. The new studio is owned and operated by local husband-and-wife, Kristin and Jeff Springborn.