SoulCycle To Close About A Quarter Of Its Locations
SoulCycle is closing 19 of its 82 studio locations nationwide within the next few weeks, CEO Evelyn Webster announced Friday in a town hall-style Zoom meeting with its employees.
Peloton Is Cutting Jobs, Exiting Stores And Raising Prices
Peloton in a memo to employees said it is cutting approximately 780 jobs, closing a significant number of stores and hiking prices on the Tread and Bike+ in further moves to improve profitability.
Outdoor Prolink Announces New Hires And Promotions
Outdoor Prolink New Hires And Promotions include Melissa Hess, Andrew Brookens, Kelly Knauf, and Jessica Villaire,
Occupancy Levels At Western Mountain Destinations Continue To Decline
Once again, occupancy totals for Summer 2022 across mountain destinations in western states continued to drift down from last year’s boom in pent-up demand travel and compared to the pre-pandemic record of 2019, according to the most recent Monthly Market Briefing released by DestiMetrics.
Fanatics Expands Partnership With Detroit Lions To Create Omnichannel Shopping Experience
Fanatics and the Detroit Lions extended its multi-year deal, expanding on their existing e-commerce partnership, which now sees Fanatics become the team’s end-to-end omnichannel retail partner. A cornerstone of the new partnership is Fanatics’ investment to reinvent the in-venue retail experience for consumers, highlighted by Lions Supply, a new team store inside Ford Field.
Peloton To Face Lawsuit Over Availability Of Fitness Classes
U.S. judge on Thursday ruled that Peloton Interactive Inc. must face a proposed class action lawsuit accusing the bike and treadmill maker of misleading customers about the “ever-growing” size of its library of on-demand fitness classes, according to a report from Reuters.
Duluth Trading To Open Distribution Center In Adairsville, GA
Duluth Trading Company has committed to building a new distribution and fulfillment facility in Adairsville, GA, according to a statement from Georgia governor Brian P. Kemp.
SportChek Same-Store Sales Expand 4.1 Percent in Second Quarter
SportChek’s retail sales increased 0.6 percent in the second quarter, with comparable sales up 4.1 percent over the same period last year, according to its parent, Canadian Tire Corporation, Ltd.
Natural Fiber Welding Names New CFO
Natural Fiber Welding (NFW), the manufacturer of clean technology to increase the performance of plant-based textiles for the circular economy supporting the footwear industry, recently hired Rob Salter as CFO.
Jordan Brand Announces 20-Year Partnership With Howard University
Jordan Brand announced a 20-year partnership with Howard University. The Nike subsidiary will unveil the first Jumpman uniforms for the program on August 27.
JCPenney Appoints CFO
JCPenney announced it hired Stephanie Plaines as CFO effective immediately.
Xponential Fitness Raises Outlook On Robust Q2
Xponential Fitness, Inc. raised its full year 2022 guidance for revenue and adjusted EBITDA after reporting second-quarter revenue surged 66 percent.
Brooks Running Sees Double-Digit Growth In Q2
Brooks Running reported sales grew 11 percent in the second quarter year over year. In the face of ongoing economic and supply chain stressors, Brooks said it began to meet strong demand in May, keeping the company on track for projected double-digit revenue growth in 2022.
Leatt’s Q2 Revenues Gain 25 Percent
Profits at Leatt Corp rose 13 percent in the second quarter on a 25 percent revenue gain.
iRayUSA Hires Sales Representation
iRayUSA, the Texas-based designer of thermal night vision devices, hired Tim Bailey & Associates and Chilton Military Marketing as sales representatives for the brand.
