BRP Inc. to Sell Off its Marine Businesses Excluding Sea-Doo
BRP will channel its efforts and investments into its Powersports year-round products, seasonal products, parts, accessories, and apparel portfolio, including its OEM business.
Report: U.S. Fitness Facility Memberships Reach Historic High
Beyond membership growth, HFA reported that fitness facility attendance increased for a third consecutive year. The average member visited a fitness facility 81 times in 2023, up from 78 visits in 2022 and 72 visits in 2021.
REI Sets Opening of First Kentucky Store
The store, located in the Paddock Shops in Louisville, KY, with a footprint of approximately 31,100 square feet, will open on November 8. It offers online pickup in-store and at curbside and employs 50 people.
Sony Expands Sports Data Business With KinaTrax Acquisition
KinaTrax camera systems are used in over 75 stadiums and labs across Major League Baseball, Minor League Baseball and NCAA member organizations, with expansion into other sports leagues. The technology has collected biomechanics data for pitchers and hitters in baseball games.
Rural King Opens its First Store in Georgia
The store boasts a wide range of outdoor lifestyle and work brands, including Ariat, Browning, Carhartt, Columbia, Frogg Toggs, Henry Rifles, Huk Apparel, Keen Utility, Plano, Realtree, Remington, Under Armour, and Wolverine.
BOA and Primaloft Parent Launches Stock Buyback Program
Compass Diversified, owner of BOA, Primaloft, 5.11 Tactical, Velocity Outdoor and other active lifestyle brands, said its board authorized the repurchase of up to $100 million of stock.
Play It Again Sports Parent Sees Flat Profits In Q3
Winmark Corp., the parent of Play It Again Sports, reported flat earnings in both the third quarter and nine months ended September 28.
Magic Surf Brazil Hires Director of International Sales
With Ty Zulim’s leadership, Magic Surf Brazil reported that it is “well-positioned to strengthen its presence in key international markets while maintaining its commitment to cutting-edge technology and excellence in surfboard manufacturing.”
Jetset Pilates Opens First NYC Studio Opening in SoHo
Jetset Pilates officially opened the doors of its first New York City studio in SoHo.
Crunch to Open Studio in Indianapolis
The $5 million, 40,000-square-foot fitness facility will open in Spring 2025. Operated by Crunch Fitness franchisee Fitness Ventures.
Arris Composites Selected for U.S. Army for Study on Carbon Fiber Boot Plates
The company was selected by the U.S. Army for a study on the use of advanced carbon fiber plates in military boots. The project builds on Arris’ development of a carbon fiber plate for Brooks’ Hyperion Elite 4 running shoe.
Shoe Show Reports Cyber Security Incident
The retailer reported a cyber security incident involving a Shoe Show employee e-mail account. Shoe Show filed a data breach notice detailing the incident with the Attorney General of Maine, on October 9.
Deloitte Forecasting 8 Percent Bump in 2024 Holiday Season Spending
The firm reported that consumers will bargain shop even if it means choosing value over loyalty. The business advisory firm also sees a ramp up in experience gifting to more than offset flat sales in traditional merchandise.
YogaSix Opens First Studio in Germany
The opening of the Frankfurt studio is part of YogaSix’s ongoing global expansion, which includes more openings in Germany and a debut in Japan as a result of a Master Franchise Agreement signed earlier this year. Christophe Collinet and Daniel Hoffman of LifeFit Group are leading the expansion efforts.
Megabass of America Appoints Director of Marketing
Megabass of America, the North American arm of Japan’s manufacturer of high-end fishing tackle, hired Patterson Leeth, formerly at Simms, as director of marketing.
