Life Time Group Holdings Swings To Q4 Profit On 31 Percent Revenue Gain
Life Time Group Holdings, Inc. reported that fourth quarter 2022 revenue increased 31.1 percent to $472.7 million, citing strong growth in membership dues and in-center revenues, which was driven by its pricing strategy, increased memberships and higher utilization of in-center offerings by members.
The Athlete’s Foot Closes Acquisition Of Sneakers Market S.A. In Greece
The Athlete’s Foot completed the acquisition of Sneakers Market SA, a subsidiary of Fourlis Group that operates TAF stores in Greece.
Nike Shifts Leadership In Women’s Business And APLA Region
Nike reported it is transitioning Amy Montagne, currently VP/GM, APLA, to lead its women’s business as VP/GM Women’s, replacing Whitney Malkiel, who is leaving the company. Cathy Sparks, currently VPof Nike Direct, EMEA, will transition to lead its APLA geography as VP/GM, APLA.
Life Is Good Partners WIth DXL On Big And Tall Tees
Life is Good extended its sizing through an exclusive partnership with DXL Big + Tall, which uses DXL’s expertise in fit, merchandise assortment and men’s big and tall apparel.
Nike Hires New DEI Chief
Nike hired James Loduca, formerly Twitter’s VP of DEI as its new DEI officer. As the Portland Business Journal reported, Loduca is the fifth person in the role since 2019. He replaces Jarvis Sam, who left after only six months in the job last November.
Roots Adds Creative Director In Residence
Roots Corp. hired Joey Gollish as creative director in residence, effective March 7 through 2025; this represents the first time in the company’s history that it added an outside creative to work for the brand.
Rally House Continues Expansion In Ohio With Graceland Store
Ralley House, the nationally known sports and merchandise retailer continued its expansion into Columbus, OH with the opening of its Graceland store, giving more customers access to local merchandise and sports apparel.
VF Corp. Closes Second €500 Million Green Bond
VF Corporation has closed on a €500 million green bond offering, representing its second green bond issued. The inaugural green bond was issued in 2020.
Weyco’s Q4 Sales Dip, Bogs Wholesale Revenues Down 14 Percent
Weyco Group, Inc. reported sales declined 2 percent in the fourth quarter ended December 31. On a wholesale basis, sales of Bogs and Florsheim both declined 14 percent while sales expanded 18 percent at Nunn Bush and 5 percent for Stacy Adams.
NPD And Information Resources, Inc. Rebrand As Circana
Following their merger in August 2022, Information Resources, Inc. (IRI) and The NPD Group (NPD) unveiled a new combined company name and brand identity: Circana.
Lacrosse Unlimited Launches Licensed Uniform Program
Lacrosse Unlimited, which operates 45 stores in the U.S., launched a licensed uniform program featuring lacrosse brands Maverik, STX, GAIT, and ECD.
Peak Ski Company Adds Key Leadership Role
Peak Ski Company, launched by co-founders Bode Miller and Andy Wirth, hired pro skier and stunt coordinator JT Holmes as senior director of innovation and business development.
Thor Industries’ Fiscal Q2 Sales Fall Sharply; NA Towable RV Sales Drop 58 Percent
Thor Industries, Inc. saw consolidated net sales fall 39.4 percent to $2.35 billion in the second quarter of fiscal 2023. North American Towable RV net sales were down 58.2 percent for Q2 while North American Motorized RV net sales decreased 24.4 percent and European RV net sales decreased 10.6 percent for the period.
HanesBrands Forms Exclusive Apparel Deal With UCLA
HanesBrands (HBI) secured the exclusive rights to design, manufacture and distribute UCLA fan apparel in the mass retail channel. The multi-year agreement will see HBI developing exclusive collections for men’s, women’s, unisex, youth, infant, and toddler apparel.
Authentic Brands Group Nearing Deal To Acquire Boardriders, Inc. For $1.3 Billion
Authentic Brands Group, Inc. is nearing a deal to acquire Boardriders, Inc., the parent of Quiksilver and Billabong, for $1.3 billion, sources told Bloomberg.
