SGB Update Sports & Fitness
Orangetheory Fitness and Self Esteem Brands to Merge in All Stock Deal
The combination of Orangetheory Fitness, Anytime Fitness, Waxing the City, Basecamp Fitness/SUMHIIT Fitness, The Bar Method, and Stronger U Nutrition will represent $3.5 billion in systemwide sales and approximately 7,000 franchise locations across 50 countries.
Xponential Fitness Partners with Kinrgy to Launch Brick & Mortar Experience
The dance and fitness platform founded by dancer Julianne Hough, will open its first brick & mortar Kinrgy studio in West Hollywood, CA on March 1.
Asics Releases Findings from Gender Exercise Gap Study
Focus group participants frequently described how societal expectations about gender roles, including that women should bear the majority of family caregiving and household responsibilities played a major part in their stopping exercise.
Sierra Parent TJX Sitting Pretty as Most Others Deal with Market Turmoil
The parent of TJ Maxx and Marshalls said it is well-positioned to take advantage of the outstanding availability of quality, branded merchandise in the marketplace and flow fresh goods this spring. TJX had 95 Sierra stores at year-end 2023.
Frog Bikes Taps U.S. Distributor to Expand Availability of Premium Kids Bikes
The company said the alliance with GB Sport Distributors marks a significant milestone in Frog Bikes’ mission to empower young riders and make cycling more accessible to families across America.
Life Time Group Swings to Full Year Profit as Revenue Passes $2 Billion Mark
Full year revenue increased 21.6 percent to $2.22 billion due to continued strong growth in membership dues and in-center revenue. Fourth quarter revenue increased 18.2 percent to $558.8 million.
Life Time Grows Garden State Presence to Eight Locations
Located off the Garden State Parkway at 230 Half Mile Road in Red Bank, Life Time Middletown-Red Bank employs 230 full and part-time employees as part of the 127,000-square-foot space.
Life Time Appoints Andre Agassi as Chair of Pickleball and Tennis Board
With Founder, Chairman and CEO Bahram Akradi, who will serve as Board Co-Chair, Agassi will spearhead efforts to elevate the profile, programming, leagues, and community of tennis and pickleball.
Big 5 SG Posts Q4 Loss on Sharp Decline in Same-Store Sales
For the fiscal 2024 first quarter, BGFV expects same-store sales to decrease in the low double-digit range compared to the fiscal 2023 first quarter.
Vision Fitness Appoints GM for U.S. Commercial Business
Chris Torggler was hired as general manager of the U.S. Vision Commercial Group. He brings 30 years commercial fitness industry sales and product leadership experience to the new role.
Game One Appoints Chief Executive Officer
Team sports retailer Game One promoted company president Pat Weber to chief executive officer, effective February 16, 2024. As CEO he will also maintain his role as president of the company.
The Athlete’s Foot Posts 7 Percent Sales Increase in Fiscal 2023
The Athlete’s Foot sneaker and streetwear chain has 550 stores and e-commerce shops in 30+ countries. Its global headquarters are in Stans, Switzerland, and Atlanta, Ga. in the United States.
Macy’s Inc. Swings to Q4 Loss on $1 Billion Charge for New Plan, Store Closures
Included within the charge is a roughly $950 million non-cash asset impairment charge, primarily related to the approximately 150 locations planned for closure and the remaining associated with corporate assets.
Macy’s, Inc. to Shutter 150 Macy’s Doors, Boost Investment and Door Count in Luxury
As part of the strategy, approximately 15 Bloomingdale’s nameplate stores, 30 new Bluemercury stores and roughly 30 Bluemercury remodels are anticipated to open in new and existing markets over the next three years.
Dillard’s Q4 Sales Decline Year-Over-Year Despite Extra Week
Total retail sales decreased 5 percent on a like-for-like 13-week basis. Sales in comparable stores for that same period decreased 5 percent.
