Study Suggests Team Sports Benefits A Child’s Mental Health
A national study of 11,235 kids ages 9-to-13, conducted by the Public Library of Science (PLOS) journal, found that a kid’s mental health is positively impacted when participating in team sports.
Liberated Brands Acquires Captain Fin
Liberated Brands, the master licensee for Volcom and Spyder, announced it officially closed on acquiring Captain Fin Co., the surf brand.
Project Bike Tech Names Director Of Operations
Project Bike Tech, the high school bike education program, named Mike Lowe as director of operations. Lowe has worked been working as a contractor for the company.
Mystery Ranch Opens Supply Chain Office In Vietnam
Mystery Ranch announced it opened a reps office in Ho Chi Minh City, Vietnam, to support the company’s growth. HW Hwang is the office director.
Thor Industries’ Debt Ratings Upgraded
S&P Global Ratings today raised the issue-level rating on Thor Industries Inc.’s senior secured term loan to ‘BBB-‘ from ‘BB+’ and revised the recovery rating on this debt to ‘1’ from ‘2’. The upgrade follows Thor’s term loan debt repayments totaling about $265 million.
Life Time’s Debt Outlook Revised To Positive
S&P Global Ratings revised its outlook on Minnesota-based athletic center operator Life Time, Inc. to positive from stable because of more certainty around the recovery of the company’s center memberships, as well as increased prices, revenue, and EBITDA.
U.S. Health Club Membership Reaches Over 66 Million Americans
More than one out of five Americans belonged to a health club or studio in 2021, totaling 66.5 million consumers ages six years and older, according to the IHRSA. The latest data shows a 3.8 percent growth over the past two years, with growth surpassing pre-pandemic levels. Visits were down sharply.
Club Champion Expands Store Count
Club Champion, the custom golf club fitter, opened four new stores in the second quarter in Huntsville, AL; Westport, CT; Colorado Springs, CO; and Peachtree City, GA.
Melin Opens First Flagship Store In Laguna Beach
Melin, the manufacturer of headwear, opened its first flagship store in Laguna Beach, CA, at 1273 S. Coast Hwy.
Upway Raises $25 Million In Funding
Upway, a Paris-based company that sells reconditioned electric bikes, has raised $25 million (£20m) led by investors Exor Seeds and Sequoia Capital.
Dead Air Silencers Appoints VP, Sales And Marketing
Dead Air Silencers, based in Kamas, UT, has appointed John Piscione as vice president of sales and marketing.
Nautilus Announces Retirement Of Board Chair
Nautilus, Inc. announced that its Chairman, M. Carl Johnson, III, will be retiring from its Board of Directors effective August 2.
BlackStrap Appoints VP Of Brand Management And Brand Director
BlackStrap, the manufacturer of face gear, base layers and accessories for winter sports, anglers and outdoor recreationists, has promoted Jim Sanco to vice president of brand and marketing and hired Randy Torcom as brand director.
The Natural Fibers Alliance Calls For Suspension Of The HIGG Index
The Natural Fibers Alliance issued a statement calling for the suspension of the use of the HIGG Index, considering the recent New York Times article “How Fashion Giants Recast Plastic as Good for the Plant.”
21.5 Million Households To Camp Over Fourth Of July
Kampgrounds of America’s monthly research report for June noted that 21.5 million camping households plan to camp this Fourth of July, an 8.6 percent increase over the same period last year.
