Concert Golf Partners Acquires Golf Club of the Everglades
Rees Jones-designed golf club in Naples, FL is the 35th private facility nationwide to join Concert Golf’s portfolio. The Club is private, members-only that is one of the most exclusive and respected in the Naples community.
Life Time Posts Double-Digit Revenue Gain in Q3 as Dues and In-Center Sales Grow
The 18.5 percent revenue increase for Q3 was reportedly driven by an increase in average dues, membership growth in new and ramping centers, and higher member utilization of in-center offerings.
Escalade Posts Q3 Sales Decline on Weak Consumer Demand, But Profits Up
While sales declined across most of the company’s channels during the third quarter, ESCA generated more than 13 percent year-over-year growth in international sales and 29 percent in owned e-commerce sales.
Blue Tees Golf Welcomes New Director of Product
Emmanuel Millot Millot brings over 20 years of global experience in product management and marketing as a leader working with teams in diverse markets to the role.
Ken Hicks Takes the Reins at PetSmart LLC
The former Foot Locker, Inc., Academy Sports + Outdoor, Inc. and JC Penney Chief Executive has been named President and CEO, effective October 31. Hicks will also serve on the company’s Board of Directors.
Life Time Prices Upsized Private Offering of $500 Million of Senior Secured Notes
The Offering was upsized from $400 million to $500 million in aggregate principal amount. The Notes will pay interest on a semi-annual basis. The Offering is expected to close on November 5, 2024, subject to customary closing conditions.
StretchLab Exceeds 500 Studios in North America and Hawaii
Assisted stretching franchise surpasses reach with new studio in Honolulu and 1,000 Licenses worldwide. StretchLab is backed by Xponential Fitness, a global franchisor of boutique health and wellness brands.
Ortholite Hires VP of Operational Excellence
With over two decades of experience in footwear and manufacturing, Raj Santhana, most recently, worked at Bata as the global head of Quality in Singapore.
TruGolf Forecasting Return to Profitability on Solid Sales Growth for 2024
Total sales are expected to grow by 8 percent to 12 percent year-over-year by the end of 2024 and EBITDA for the second half should be greater than $500,000 showing a return to profitability.
NRF Expects 2024 Holiday Spending to Reach New Record
Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations, and other seasonal items, according to the NRF’s latest consumer survey conducted by Prosper Insights & Analytics.
X-Bionic Sets Up Shop in Denver Showroom, Adds NA Leadership and Reps
Kris Kuster, the company’s President and Co-Owner, leads its North American team. An outdoor and snow sports industry veteran, Kuster formerly worked for Nitro Snowboard and Mammut Sports Group.
Troon Appoints Jimmy Dunne to Board
Over the past three decades, Dunne has advised on some of the financial industry’s largest M&A transactions. In addition to serving on Troon’s Board of Directors, Dunne is a member of the Board of Trustees at the University of Notre Dame and is a Board member of the American International Group, Inc. (AIG) and Chime Financial, Inc.
FireDisc Cookers Adds Another Key Sales Agency to its Team
Continental Sales and Marketing is the company’s new independent sales rep partner for the hardware, sporting goods and grocery stores channels.
Mavic USA Rolls Out Updated Roster of Indie Sales Reps, New VT Service Center
The company is rounding out its first year in Waterbury, VT with a solid sales force and a fully operational Mavic USA Service Center.
PickleRage Partners with PE Firm to Accelerate Expansion
The company signed a new deal with the private equity group GreenPeak Venture Partners to help it open 200 new pickleball clubs in the U.S. over the next two years and over 500 locations by 2029.
