SGB Update Sports & Fitness
Macy’s, Inc. Hires VP to Lead Macy’s Media Network
Michael Krans oversees the company’s in-house media publisher connecting the retailer’s advertising partners with Macy’s and Bloomingdale’s customers.
Freeletics Closes $45 Million Funding Round with Superstar Investors
The Series A funding round was led by FitLab, Causeway Media Partners and Jazz Venture Partners, with participation from Courtside Ventures, Elysian Park Ventures, ward.ventures, and business strategist Tony Robbins.
REI To Open Tenth Store In Colorado
The 23,000-square-foot space will open in the Marketplace at Centerra in Loveland, CO with buy online/pickup in-store and curbside pickup service.
Genesco Inc. Q4 Comps Slip 4 Percent as Journeys Continues to Shrink
The overall 2 percent sales increase for Q4 was reportedly driven by a 6 percent increase at Schuh, a 9 percent gain at Johnston & Murphy and a 24 percent increase at Genesco Brands, partially offset by a decrease of 2 percent at Journeys.
Connexa Narrows Fiscal Q3 Loss; Raises Doubts About Going Concern Status
The company said the 29 percent sales increase for fiscal Q3 was due to incremental sales driven by Slinger Bag Pickleball as compared to the prior-year period
IHRSA Rebrands to Health & Fitness Association
IHRSA president and CEO Liz Clark announced a new name for the organization, the Health & Fitness Association during her address before the keynote at the Association’s convention and trade show on March 6 in Los Angeles.
Overstock Parent Acquires Zulily Assets; Plans Site Re-launch Before Summer
Zulily’s new website will be fully functional by the end of the second quarter and contribute to Beyond’s 24-month revenue goal without adding incremental fixed expenses. Overstock is scheduled to relaunch later this month.
Locally Closes Series A Round of Financing to Fuel Growth
Locally said it will use the funding from Corbel Capital Partners and Valency Capital to grow its team, expand into adjacent industries and raise its visibility with consumers, brands and retailers.
Primark Continues U.S. Expansion with New DC and Four Store Leases
The international clothing retailer continues its global expansion by opening a new distribution center in Jacksonville, FL, and will open new stores in Virginia, Maryland, Texas, and its first store in Tennessee.
Burlington Stores Posts Solid Q4 Results With Some Extra Week Help
Looking ahead, total sales are expected to increase in the range of 9 percent to 11 percent; this assumes comparable store sales will increase in the range of 0 percent to 2 percent, on top of the 4 percent increase for the fiscal 2024 year.
Klean Kanteen Acquired by Think Better Group
The Group will grow Klean Kanteen’s North American distribution while further elevating the brand into European and Asia Pacific markets.
USA Pickleball Adds Two At-Large Members to Board
Andrew Feffer and Tori Stevens were elected to serve three-year terms as At Large members on USA Pickleball’s Board of Directors.
Nordstrom, Inc. Gets Lift from Rack Stores and 53rd Week to Post Q4 Sales Increase
In the fourth quarter, the active category was called out for one of the strongest growth drivers by category for both the fourth quarter and full year. Women’s apparel was also called out as a key driver for the fourth quarter.
Jetset Pilates Continues U.S. Franchise Expansion
The franchise continues to grow with over 16 deals in Florida and signed development deals in Texas, North Carolina, NYC, Georgia, and Australia.
Foot Locker, Inc. Exceeds Internal Q4 Estimates but Delays Long-Term Targets
The retailer posted accelerated sales trends relative to the third quarter, EPS that exceeded the guidance range and success across multiple KPIs, but is also delaying by two years its previous guidance for its EBIT margin target while also axing its dividend.
