Tonal Appoints CEO
Smart home gym equipment maker Tonal hired Todd Bartee, a partner at private-equity firm L Catterton, as its new CEO. He succeeds Darren MacDonald as part of the planned leadership transition.
USTA Officially Taps Tennis Australia Boss as Next CEO
The United States Tennis Association (USTA) has appointed Craig Tiley, CEO of Tennis Australia, as its next CEO. USTA noted that during his tenure that began in 2013, tennis in Australia has become the second-most-participated sport behind soccer.
CamelBak Shifts to Dealer-Direct Model in UK
CamelBak has completed the transition to a direct-to-consumer and dealer-direct model in the UK. The move comes as Revelyst, CamelBak’s parent, recently shifted several of its other brands, including Fox Racing, Giro, and Bell, to a direct operational model in the region.
Manchester United’s Commercial Revenues Dip in Fiscal Q2
The professional football club based in Manchester, England, reported commercial revenue for the second quarter ended December 31 was £78.5 million ($106 mm), a decline of 7.8 percent from the prior-year quarter. Adidas is the kit sponsor for Manchester United.
Steve Madden Q4 Earnings Dip Despite 29 Percent Revenue Hike
Steven Madden, Ltd. reported fourth-quarter earnings on an adjusted basis slid 12.7 percent due to margin pressures on its private label business, but topped guidance. Sales jumped 29 percent, led by strength in the flagship Steven Madden brand and boosted by the acquisition of Kurt Geiger London.
Sierra, Marshalls and TJ Maxx Parent TJX Tops Q4 Guide; Sierra Adds 28 Doors in 2025
TJX Cos. reported adjusted earnings rose 16 percent in the fourth quarter, exceeding guidance as companywide same-store sales grew 5 percent. TJX opened four Sierra locations in the quarter and added 28 overall during the year, bringing the total to 145.
Shoe Carnival CEO Departs; Cliff Sifford Back at Helm
Shoe Carnival, Inc.’s Mark Worden stepped down as president and CEO and resigned from the company’s board of directors, effective February 24. Cliff Sifford, the retailer’s vice chairman and former CEO, has been named interim president and CEO. Shoe Carnival plans to begin a search for a permanent successor. The retailer also released preliminary results for the year that were slightly ahead of analyst targets.
Mammut North America Appoints Director of Marketing
Emily Buck, formerly at The North Face and Under Armour, has been hired as Mammut’s director of Marketing for North America, expanding brand awareness and reach.
Camping World Q4 Revenue Declines as ASPs Fall and Customers Opt for Used RVs
New vehicle unit sales were 10,750 units, a decrease of 7.1 percent y/y, while used vehicle unit sales were 12,035 units, an increase of 13.8 percent y/y. Fourth quarter revenue was $1.2 billion, a decrease of 2.6 percent year-over-year
Revolve Group’s Q4 Profits Soar on 10 Percent Revenue Growth
Revolve Group Inc., the fashion e-tailer catering to Millennial and Gen-Z, reported earnings jumped 58 percent in the fourth quarter on a 10 percent revenue gain. Profits for the year grew 25 percent on an 8 percent gain.
Chipply Appoints SVP of Revenue
The Wisconsin-based team store platform for team dealers and custom apparel decorators appointed Elle Carstens as SVP of Revenue. Her experience includes sales roles at Tripleseat, Chowly, Toast, and Aetrex.
Skelcore Appoints Head of Design and U.S. Sales Chief
Skelcore, the Miami, FL-based fitness equipment company, appointed Roy Simonson, founder of Cybex Eagle, as head of product design and Hillis Lake, a founding member of Freemotion/Ground Zero Fitness, as head of U.S. sales.
Winston & Bauer Appoints Southeast Territory Rep
The R.L. Winston Rod Company and Bauer Fly Reels hired industry veteran Raz Reid as Southeast sales rep, covering Florida, Georgia, South Carolina, Alabama, Tennessee, and North Carolina.
Amer Sports Names Apparel Retail Exec Carrie Ask President of Wilson Brand
Most recently, Ask served as CEO of Helly Hansen, a role she held for nearly four years. Prior to that, she was chief customer officer at Tailored Brands, Inc., EVP and president of global retail at Levi Strauss & Co. and served nearly four years in senior retail and direct-to-consumer roles at Nike.
Thor Industries Reorganizes North American RV Operations
Thor Industries, Inc. announced a restructuring of its North American recreational vehicle operations into two primary business groups, a move the company said is “designed to strengthen collaboration, streamline decision-making and better respond to changes in the RV marketplace.”
