Ammo, Inc.’s Losses Steepen On Sales Declines
Ammo, Inc., the owner of GunBroker.com, reported sales fell 7.5 percent in the fourth quarter and 24.2 percent in the fiscal year ended March 31 with losses widening in both periods.
Numerator: Consumer Confidence Held Steady in May
Consumer confidence was about flat compared to April, with 41 percent of consumers very or somewhat comfortable spending money on discretionary purchases.
Report: Under Armour to Begin Move into New Headquarters in November
The space will also include a two-story, 30,000-square-foot Under Armour Brand House store and a two-story, 30,000-square-foot fitness performance center.
Golden Goose Aims for $2 Billion Valuation in IPO
The Italian-based luxury sneaker maker owned by private equity firm Permira, is aiming at a market capitalization of up to €1.86 billion ($2 billion) in its upcoming initial public offering (IPO) on the Milan bourse.
Coghlan’s Snaps Up Fozzils
The integration of Fozzils’ products into Coghlan’s, maker of camping accessories, will begin immediately, with plans to introduce Coghlan’s branded products by Fall 2024.
Momentec Brands Names Chairman, CFO and SVP of Product Development
Formed out of the merger of Augusta Sportswear Brands and Founder Sport Group, Momentec Brands appointed David Baxter as chairman, Mike Moore as chief financial officer, and Joel Bennink as SVP of product development. Most recently, Baxter was the president of Under Armour for the Americas Region. Bennink spent 13 years at Under Armour, where he led the growth and development across Team, Golf and Curry-branded apparel.
Lululemon Financial’s SVP Appointed Figs’ CFO
The medical apparel brand hired Sarah Oughtred, Lululemon’s SVP, financial planning & analysis since 2021, as its chief financial officer.
Crunch Fitness Opens in Kansas
Fitness Ventures LLC, a growing Crunch franchise, operating in over 25 states, owns Crunch Fitness Shawnee, KS.
Planet Fitness Launches Accelerated Share Repurchase Program
Planet Fitness entered into a $280 million accelerated Share Repurchase Agreement with Citibank, N.A.. The company will acquire shares under the Agreement as part of its $500 million share repurchase authorization previously announced.
Super Retail Names New Chair to Replace Sally Pitkin
Super Retail Group, which owns Rebel, Supercheap Auto, BCF and Macpac in Australia, appointed Fonterra executive Judith Swales as its new Board chair replacing Sally Pitkin, who will retire from the Board after the company’s October annual general meeting.
TaylorMade Opens Golf Ball Manufacturing Facility in Korea
TaylorMade Golf opened an expanded golf ball plant facility at TaylorMade Golf Ball Korea, becoming the brand’s third global golf ball plant. The site joins TaylorMade’s facilities in Liberty, SC and Taiwan.
Sig Sauer Names New Chief Marketing Officer
Sig Sauer promoted Robby Johnson to chief marketing officer. Former chief marketing officer and EVP of commercial sales, Tom Taylor, becomes EVP, global brand development. Robby Johnson, the SVP of commercial sales, will now report to CEO Ron Cohen.
Pura Vida’s Q1 Revenues Tumble 37 Percent
according to Vera Bradley, Inc., Pura Vida’s parentm revenues totaled $12.7 million, a 37.0 percent decrease from $20.1 million in the prior year first quarter, primarily due to declines in e-commerce and wholesale sales,.
Planet Fitness, Inc. Completes Refinancing Transaction
The proceeds from the placement of the 2024 Notes will be used to repay in full the Series 2018-1 Class A-2-II Notes, to pay the transaction costs and fund the reserve accounts associated with the securitized financing facility and for general corporate purposes.
Tommy Bahama Parent Sees Q1 Sales Decline
Continued choppiness in the market and lack of sustained positive momentum, coupled with the drop in consumer sentiment, led Tommy Bahama parent to take a more conservative outlook for the balance of the year, lowering its fiscal 2024 sales and EPS guidance.
