All Fitness articles – Page 3
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News briefsNYC-based investment manager acquires Outdoor Voices
New York City-based consumer-focused investment manager Consortium Brand Partners (CBP) has announced the acquisition of Outdoor Voices, an athleisure lifestyle brand founded in 2013 by Tyler Haney, also from New York City. This is CBP’s second acquisition, following the announcement of a majority stake in Reese Witherspoon’s fashion and lifestyle ...
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Case StudyNew Balance: EMEA HQ relocation and expansion mark growth period
New Balance has been something of a phenomenon within the sporting goods industry. Today, it stands as one of the most globally successful footwear brands.
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News briefsGlobal fitness equipment market to accelerate at a CAGR of 3% by 2033
According to a new report by research firm Allied Market Research, part of Allied Analytics, the global fitness equipment market is expected to reach $18.4 billion by 2033, representing a compound annual growth rate (CAGR) of 3.02 percent from 2024 to 2033. By type, the cardiovascular training equipment segment was ...
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ArticlePeloton reports another loss, restructuring as CEO departs
Heading into the seasonally slowest and most challenging quarter of its fiscal year, Peloton Interactive’s two-year transformation continues down a bumpy path. The connected fitness company has initiated another restructuring effort resulting in annualized savings of more than $200 million and more job cuts – its third round in 26 ...
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ArticleGarmin gains on positive results from all segments
Garmin, in its seasonally lowest quarter of the FY, reported a 51 percent increase in Q1 operating income to $298.4 million from $197.0 million for the period ended March 30. Net income was up 36 percent year-over-year to nearly $276 million, and gross margin improved by 120 basis points to ...
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ArticleCourt approves BowFlex purchase agreement
The US Bankruptcy Court for the District of New Jersey has approved the sale of the acquired assets of Bowflex, Inc. under the terms of the previously announced stalking horse asset purchase agreement between Bowflex and Johnson Health Tech Retail, Inc., the parent company of the Matrix fitness equipment brand. ...
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News briefsLevi Strauss’ Beyond Yoga posts double-digit growth in Q1
Levi’s yoga brand Beyond Yoga gained 11% in the first quarter ended Feb. 25, outpacing similar growth from a year ago, driven largely by strength in e-commerce and store expansion. Following the appointment of Athleta and Old Navy veteran Nancy Green as CEO in January, Levi Strauss & Co. plans ...
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News briefsWahoo appoints former Mercedes-Benz executive as CEO
Atlanta, Georgia-based exercise equipment manufacturer Wahoo Fitness has announced the appointment of Gareth Joyce as the company’s new Chief Executive Officer and a member of the Board of Directors. Joyce joins Wahoo from Proterra, Inc., where he also served as CEO. Prior to Proterra, he was responsible for one ...
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ArticleChina’s athleisure market poised to hit $82.8 billion by 2024
The fusion of fashion and functionality known as athleisure is reshaping China’s sportswear industry, with projections indicating a substantial growth trajectory, according to Retail in Asia. Driven by a blend of fitness trends, lifestyle changes, and a burgeoning wellness movement, athleisure is becoming a dominant force in the Chinese apparel ...
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News briefsAthleta reset will take time, promotional comparisons to ease in H2
Athleta parent The Gap says it’s “on the right track” to resetting the business of its specialty retailer. This includes putting the brand “back at the center of the cultural wellness conversation while re-engaging the brand’s performance roots.” But the overall resetting of the business, which is described as an ...
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News briefsGymshark launches athleisure line with Selfridges
Gymshark has launched a premium athleisure line, dubbed “Everywear,” with Selfridges, its first-ever wholesale partner. Everywhere is located in Gymshark retail spaces on levels 3 and 1 at Selfridges Oxford Street in London, Selfridges Trafford in Manchester, and online. The range will be sold exclusively in Selfridges until early-mid April.
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News briefsXponential Fitness operating income rises by 15 percent in Q4
Xponential Fitness, the global franchisor of boutique fitness brands, which is forecasting 550 new studio openings this year and a 31 percent increase in adjusted Ebitda, reported a 15 percent increase in operating income to $2.95 million for the period ended Dec. 31. The net loss was $9.1 million as ...
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News briefsGymshark elevates Carly Natalizia to Chief Digital Officer
Gymshark has announced the promotion of Carly Natalizia to the role of Chief Digital Officer, a position newly created within the company. Natalizia, who initially joined Gymshark in 2022 as vice president of marketing, international, has steadily climbed the ranks, subsequently serving as global marketing director in 2023. Before her ...
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ArticleGymshark’s annual profit drops despite higher sales
UK-based sportswear company Gymshark, which closed its regional sourcing offices in Hong Kong and Mauritius and restructured its North American team last FY, suffered a 32 percent decline in annual operating profit to £20,087,000 (€23.5m) for the 12 months ended July 31, 2023. Net profit, impacted by a 320 percent ...
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News briefsBowflex may be on the brink
Bowflex, the publicly traded fitness company, which rebranded itself from Nautilus, is facing liquidity issues that may lead to a bankruptcy filing or an outright sale of the Seattle-based business. In a public filing yesterday, the company cited both deteriorating macroeconomic concerns and a decline in customer demand, challenging its ...
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ArticleXponential completes divestiture of Stride Fitness
Xponential Fitness, the world’s largest franchisor of health and wellness brands, announced that it has finalized the divestiture of its Stride Fitness brand to Stride Fitness Franchising Inc., owned by Shaun Grove. Grove is currently the President of Rumble Boxing. Founded in 2017 by Misa Dugally and Katie Ownbey and ...
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News briefsFrasers Group acquires WIT Fitness
Frasers Group, the owner of Sports Direct and House of Fraser, has purchased gym and fitness wear specialist WIT Fitness. The retail group has acquired the assets and intellectual property of the London-based sports performance brand. Frasers Group is majority-owned by British retail tycoon Mike Ashley. WIT Fitness is best ...
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News briefsEgym and Life Fitness expand partnership
In a strategic move to elevate the realm of fitness, Egym and Life Fitness, two global powerhouses in the industry, have announced the reinforcement of their strategic partnership. The collaboration aims to “revolutionize the cardio workout experience” by integrating Egym’s fitness technology with Life Fitness cardio equipment, promising gym-goers an ...
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News briefsHyperice expands patent infringement lawsuits
Hyperice, a California-based wellness brand specializing in therapy technology, has filed a total of 16 new lawsuits in federal court against Sharper Image, HoMedics, Ekrin Athletics and a dozen other companies that have sold massage guns that allegedly infringe Hyperice’s patented percussion massage technology. The lawsuits encompass both direct sellers ...
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News briefsNike unveils enormous mono-brand store in Singapore
Nike is set to launch its largest mono-brand store in Asia outside of China, in collaboration with Middle East-based retailer GMG, on Singapore’s Orchard Road. The upcoming Nike Orchard store will cover an expansive 2,600 square meters over three floors, offer online-to-offline services and feature exclusive Jordan Brand merchandise. According ...
