Axil Brands Inks Distribution Agreement with Kinsey’s Inc.
Axil Brands, Inc. inked a distribution agreement with Kinsey’s, Inc. to distribute Axil hearing protection and enhancement products in the shooting sports and outdoor recreation/hunting market.
MyFitnessPal Appoints New Chief Product Officer
The company said Tim Holley most recently served as VP of product for Etsy and also led product management and product design at SoulCycle.
Crunch Franchise Opens Crunch Edmond in Oklahoma
The new gym in Edmond, OK, is operated by The Undefeated Tribe, reported to be one of the fastest-growing franchises within the Crunch Fitness system, with locations open in Texas and Oklahoma and ten more in development this year.
Xponential Fitness Appoints Interim CEO; Founder Removed by Board
Board of Directors removes Anthony Geisler as CEO, discloses Investigation by The U.S. Attorney’s Office for the Central District of California, reaffirms guidance.
Rally House Opens 19th Store in Michigan
The new store, the first in the state’s southwest region, is located at Mall Drive and S. Westnedge Avenue in Portage.
Superfeet Hires New CFO
As chief financial officer, Kathryn McKenzie is expected to have a key role in “activating Superfeet’s expansion into medical and industrial/work communities, supporting its mission to be the life-changing shape under every foot.”
Adobe: U.S. E-Commerce Spend Expands 7 Percent Through April
Adobe released its online shopping data for the first four months of 2024, showing sales rose 7.0 percent year-over-year to $331.6 billion. The company’s research found that consumers have traded down to less expensive goods across major e-commerce categories.
Hydrow Acquires Majority Stake in Speede Fitness
The acquisition supports Hydrow’s mission to “expand as a whole-body health company by incorporating a critical modality to diversify its product lineup.”
CNBC/NRF Retail Monitor Shows Growth in April Retail Sales
The Retail Monitor uses actual, anonymized credit and debit card purchase data compiled by Affinity Solutions and does not need to be revised monthly or annually.
Unifi Shrinks Q3 Loss on Sales Recovery
Unifi, Inc. lowered its losses year-over-year in the fiscal third quarter ended March 31 as sales for the maker of recycled and synthetic yarns improved 9 percent.
The Buckle Posts 9.0 Percent Comp Sales Decline for Fiscal First Quarter
Net sales for the 13-week fiscal quarter ended May 4, 2024 decreased 7.2 percent to $262.5 million compared to net sales of $282.8 million for the prior year 13-week fiscal quarter ended April 29, 2023.
HanesBrands Sees Global Champion Brand Sales Fall 25 Percent in Q1
Champion U.S. sales decreased 35 percent, with approximately 900 basis points of the decrease said to be from the shift of the kids’ business to a license-model and the remainder driven by the continued challenging activewear market dynamics.
Planet Fitness Lowers Guidance As Sales Weaken
Planet Fitness, Inc. reduced its guidance for both sales and earnings for the year as the first quarter ended March 31 saw a “shift in consumer focus in the New Year to savings and concern over the increase in COVID infections and other illnesses.” The fitness chain also cited the underperformance of an advertising campaign.
Yeti Inc. Lifts Fiscal Year EPS Guidance After Q1 Sales and Earnings Beat
Yeti, Inc. raised its earnings guidance for the year after reporting first-quarter earnings easily topped analysts’ expectations. Earnings on an adjusted basis surged 89 percent while sales grew 13 percent, boosted by a re-acceleration in domestic growth with balanced growth across drinkware and cooler segments.
Report: U.S. Economy Bolstered by $22.4 Billion Health and Fitness Industry
New economic impact data outlines the size and impact of the industry for the first time as it relates to jobs, wages and taxes.
