Crunch Fitness Franchise to Open Club In Fresno
Crunch Fitness announced the planned opening of Crunch North Fresno in California. The 40,000-square-foot gym, owned and operated by franchisee Fitness Venture, LLC, is set to open this winter.
Stitch Fix Returns to Growth In Fiscal Q3
The company narrowed its loss in the fiscal third quarter ended May 3 while showing its first quarterly sales gain since the second quarter of 2022. The styling service lifted its guidance for the year.
Newton Golf Company Appoints CFO
Newton Golf Company hired Jeff Clayborne as chief financial officer, effective immediately. Most recently, he served as chief financial officer of Perfect Moment, a performance apparel brand.
Pickleball Kingdom to Open Club In Austell, GA
The Austell club, spanning approximately 25,000 square feet, will feature 10 professional-grade indoor courts, with a target opening of winter 2025. Nithi and Usha Anand, franchisees of Pickleball Kingdom, will manage the club.
NFIB: Small Business Optimism Rises For First Time This Year
A gauge of sentiment among small businesses, rose to 98.8 in May from 95.8 in April, bringing the Index back above its long-term average, represented by a reading of 98. The increase ends a four-month streak of weakening sentiment.
Arcis Golf Acquires Three Atlanta Area Golf Clubs
The deal to acquire Country Club of the South, Johns Creek, GA; The Manor Golf & Country Club, Alpharetta, GA; and White Columns Country Club, Milton, GA, from the prior owner Invited closed on June 10.
Duluth Holdings Undergoes Layoffs
As part of its expense savings initiatives to rightsize the business, the retailer reduced its workforce by 51 employees, or 3 percent of its total workforce, on June 4.
Equinox Appoints Chief Marketing Officer & Chief Digital Officer
BinduShah is responsible for leading the development and execution of the brand’s marketing and digital strategy, with a focus on deepening brand awareness and driving member acquisition and retention through the company’s integrated experiences.
Authentic Brands Group Establishes APAC Headquarters in Shanghai
The Shanghai HQ will support Authentic’s growing brand portfolio, including Reebok, Champion, Quiksilver, Billabong, and Sperry, as well as its network of partners across the Greater China region and APAC market.
Yonex Appoints President Of North America Operations
LaNiece Douglas’ hire “will support Yonex’s stepped-up plans to expand in the U.S.” She was VP of and head of U.S. retail for Adidas since 2020.
Adidas, Shoe Palace and Skechers Stores Hit by LA Looters
An Adidas store in downtown Los Angeles on Broadway and Shoe Palace on Main Street, were hit by looters Monday night, June 9, as the civil unrest following days of anti-ICE protests continued overnight.
Orvis to Close Chicago Store
The storefront, located on the Magnificent Mile, will close on July 24, after two decades, “due to the changing retail landscape on the Magnificent Mile.”
Arc’teryx, Atomic, Keen, Vuori, and Gregory Top REI Vendor Partner of the Year Honors
Established in 1993, REI’s Vendor Partner of the Year awards program “honors brand partners that demonstrate remarkable philosophy and partnership with the co-op and that drive impact for the outdoor industry.
Industry Nine Acquires We Are One Composites
Industry Nine, based in Asheville, NC, is known for its hub and wheel systems while We Are One, based in Kamloops, BC, is known for its hand-laid carbon rims. By bringing the companies together, they are better positioned to “engineer exceptional products and push the boundaries of what’s possible for the cycling community.”
Birkenstock Expands Retail Presence in the Netherlands
This opening builds on Birkenstock’s growing retail presence in the Benelux region. After taking over direct operations in the Netherlands, the brand continues to strengthen its connection locally.
