USTA Names Managing Director, Strategy And Innovation
The U.S. Tennis Association (USTA) hired Liz McSorley in the newly-created position of managing director, Strategy and Innovation. McSorley, will work from Orlando, FL, reporting to Craig Morris, USTA’s chief executive, Community Tennis.
Moncler SPA’s Q1 Sales Expand 23 Percent
Moncler S.p.A. reported sales grew 23 percent on a reported and currency-neutral basis in the first quarter with healthy double-digit growth in the DTC channel at the Moncler and Stone Island brands.
Golftec Opens Location In Winston-Salem
Golftec opened a new 2,950-square-foot instruction and club fitting center in Winston-Salem, NC.
BJ’s Wholesale Club Appoints Chairman
BJ’s Wholesale Club Holdings, Inc. announced that its board of directors appointed President and CEO Bob Eddy as board chairman, effective June 15. Eddy succeeds Chris Baldwin, who will remain on its board as a director.
Moncler Names Stone Island CEO
Moncler Group hired Robert Triefus as CEO of the Stone Island brand, effective June 1. Moncler acquired the Italian high-end streetwear and fashion brand in 2020.
SidelineSwap Secures Investment From eBay
SidelineSwap, the online marketplace for new and used sporting goods, announced a strategic investment from eBay Ventures, the corporate venture arm of eBay, Inc., and follows an investment in November 2022 from DSG Ventures, the corporate venture arm of Dick’s Sporting Goods.
REI Chicago Employees Vote To Unionize
The Retail, Wholesale and Department Store Union (RWDSU), announced Thursday that, by an overwhelming majority vote of nearly 84 percent, workers at REI, Inc. in Chicago, IL, voted to join the RWDSU, making this the fourth unionized REI store in the country.
Iron Valley Supply Hires Account Manager
ron Valley Supply hired Joe Lombardi as an account manager.
Johnson Outdoors Fiscal Q2 Profit Up On Sale Of Military And Commercial Tent Business
Johnson Outdoors, Inc. reported total company net sales increased 7 percent to $202.1 million in the fiscal second quarter ended March 31. Operating profits declined for the period but were offset by a gain on the sale of the Military and Commercial Tents product lines in the Camping segment.
Recco Hires North American Sales Manager
Recco, the manufacturer of advanced rescue technology, hired Billy Treacy as North American sales manager as it continues its expansion into the North American market and four-season usage.
Xponential Fitness Raises FY Guidance On Improving Q1
Xponential Fitness, Inc. showed a loss in the first quarter that ended March 31 but saw revenue jump 40 percent and raised its outlook for the year.
Fox Factory Powered Vehicles Group Offsets Sharp Drop In Q1 Specialty Sports Group Sales
Fox Factory Holding Corp. reported that sales for the first quarter of fiscal 2023 were $399.9 million, an increase of 5.8 percent. The increase reflects a 35.0 percent increase in Powered Vehicles Group sales and a 30.0 percent decrease in Specialty Sports Group sales.
Fox Factory Holding Corp. Hires First Chief Accounting Officer
Fox Factory Holding Corp. hired Brendan Enick as its first chief accounting officer. He has over 16 years of experience in the accounting industry.
NSGA’s 2023 Participation Report Sees 7 Of 10 Segments Showing Growth
Analysis of the National Sporting Goods Association’s (NSGA) Sports Participation in the U.S. report revealed that seven segments increased in participation in 2022, two segments remained relatively flat and one segment decreased compared to 2021.
FN America Announces $18 Million Expansion Of Columbia, SC Manufacturing Facility
FN America, LLC, a U.S. subsidiary of FN Herstal, S.A., a global firearms manufacturer, reported that an $18 million expansion of its Columbia, SC facility will take place later this year with an expected completion in the first half of 2024.
