Wahoo Fitness Debt Ratings Downgraded
S&P Global Ratings downgraded Wahoo Fitness Acquisition, LLC’s debt ratings after the U.S.-based fitness technology company’s revenue and earnings for the second quarter of 2022 came in sharply below S&P’s expectations because of weaker-than-expected demand and higher costs.
Helinox Hires Senior Art Director And Senior Director of E-Commerce
Helinox has hired Nelson Garcia as senior art director and Ezra Shaffer as senior director of e-commerce.
Emerald Receives Final Proceeds From Insurance Litigation Settlement
Emerald Holding, Inc. announced that it had received $149.25 million from its insurance litigation settlement for canceled events under its 2020 and 2021 event cancellation insurance policies.
Deloitte: Holiday Retail Sales Expected To Increase 4 Percent To 6 Percent
Holiday retail sales are likely to increase between 4 percent and 6 percent in 2022, according to Deloitte’s annual holiday retail forecast. In 2021, holiday sales grew by 15.1 percent in the same period.
Amynta Group Acquires iFIT Health & Fitness Extended Warranty Operations
AmyntaGroup, an insurance services provider, has acquired the extended warranty operations of iFIT Health & Fitness, Inc., operated through its wholly-owned subsidiary, Universal Technical Services.
PeopleForBikes Hires General Counsel
PeopleForBikes announced that it hired Matt Moore as general counsel. He begins his role in early October.
Got Bag Appoints Head Of Sales & Growth For North America
Got Bag, known for its backpacks made of ocean plastic, appointed Jay Sheldon as head of sales & growth for its North America business.
Orangetheory Appoints Chief Marketing Officer
Orangetheory Fitness hired Kelly Lohr as chief marketing officer, reporting to co-founder and chief executive officer, Dave Long.
Peloton Expands Rental Program Across the U.S.
Peloton announced the national expansion of its rental program, which kicked off in select test markets earlier this year.
Phoenix Footwear Group Delivers 3 Percent Revenue Gain In Q2
Phoenix Footwear Group Inc., the parent of the Trotters, SoftWalk and Bueno footwear brands, reported sales of $4.4 million in the second quarter ended July 2, up 3 percent from $4.3 million in the second quarter of 2021.
Yue Yuen’s Sales Surge 61 Percent In August
Yue Yuen Industrial (Holdings) Limited reported sales in the month of August rose 61.0 percent to $774.7 million from $481.2 million a year ago.
How OrthoLite’s Vertical Integration Structure Is Paying Off For Footwear Brands
Sponsored Content—”OrthoLite is coming off of two back-to-back, record-setting years. Thanks to a vertically-integrated organizational structure, which the company initiated in 2007, OrthoLite has reliably provided over 400 brand partners with uninterrupted, on-time deliveries.”
Olympia Sports Files For Bankruptcy Protection To Liquidate Remaining Stores
Maine-based Olympia Sports Acquisitions, LLC filed for Chapter 11 protection with plans to liquidate its remaining 35 stores, citing poor sales, online competition and residual problems from the COVID-19 pandemic.
Federal Ammunition Breaks Ground On Raw Materials Warehouse Construction Project
Federal Ammunition, a Vista Outdoor, Inc. brand, broke ground on a 100,000-square-foot warehouse expansion located in the Eastern part of Federal’s property in the city limits of Coon Rapids, MN.
Thule Warns Of Bike Market Inventory Imbalance
Thule Group said excessive inventory levels in the cycling channel have worsened in recent months and would impact sales and profitability in the second half of the year.
