Foot Locker Inc. has opened its largest store in Singapore. Located in Orchard Gateway @Emerald, the five-story space with retail over three-levels combines product, in-store presentations and customer experiences featuring a multi-branded basketball collection and a half-court in B2.
Month: August 2020
Inline Skate Sales Soaring
COVID-19 has gotten the wheels rolling for everything from a vaccine to testing procedures. But it’s also gotten them spinning for inline skate manufacturers and retailers who are seeing a surge in sales.
Cascade Designs Engages Sales Team To Serve Canadian Territories
Cascade Designs retained Sasso Vertical Sales to represent its brands in British Columbia, Yukon Territory and Northwest Territories.
Yue Yuen’s Sales Drop 19 Percent In First Half
Yue Yuen Industrial (Holdings) Ltd. revenue of $4.09 billion in the first six months represents a decrease of 19.4 percent year-over-year.
Booking Pace Softens At Southeast Destinations In July
The pent-up demand for resort vacations in Florida, Georgia and South Carolina that led to a flood of summer bookings in May and June slowed down in July as initial demand was met and a resurgence of COVID-19 cases in the region triggered a cooldown of the booking pace in the previous two months, according to DestiMetrics’ recent assessment of booking trends.
RECALL: Active Brands Bicycle Helmets
About 300 Active Brand AS Sweet Protection-branded Ripper Jr., Ripper MIPS Jr. and Ripper MIPS bicycle helmets are being recalled.
RECALL: Crown Darts UK Lawn Darts
About 19,400 darts sold in the U.S. (In addition to 4,048 sold in Canada) from Crown Darts UK are being recalled.
SquadLocker Appoints VP Of Operations
SquadLocker, the uniform and custom team gear provider, appointed Jim Day as vice president operations to support the company’s growth and expansion.
He was previously vice president of global supply chain at ’47, a sports lifestyle brand.
GymShark Secures Equity Funding
GymShark, the U.K.-based fitness apparel start-up, announced it will enter a strategic partnership with General Atlantic, a leading global growth equity firm, in its first-ever fundraise, valuing the business at over £1 billion. In conjunction with General Atlantic’s investment, Founder Ben Francis has increased his stake in the company to over 70 percent.
Retail Sales Increase 1.2 Percent In July
The U.S. Census Bureau reported overall retail sales during July were up 1.2 percent seasonally adjusted from June and up 2.7 percent year-over-year. The July gain over June was lower than the 1.9 percent expected by economists, according to Reuters.
ORR Welcomes New Member Professional TrailBuilders Association
Outdoor Recreation Roundtable (ORR) welcomed its 32nd member, the Professional TrailBuilders Association.
Active Outdoor Brands Upload Inspiring Content During COVID-19 Lockdown
Stories of perseverance, promise and perspiration have played out online, and in some cases across television media, in recent months as many of the active outdoor industry-leading brands have rolled out inspirational ad and outreach campaigns on YouTube in the wake of COVID-19.
Inside The Call: Active Brands “Bright Spot” For Sequential Brands
On Sequential Brands Group’s second-quarter conference call with analysts, David Conn, CEO, said the company’s active brands—AND1, Avia, Gaiam, and SPRI—have “been resilient” and a “bright spot” amid the challenges presented by COVID-19.
Fanatics Receives $6 Billion Valuation In Latest Funding Round
Fanatics raised $350 million in a Series E funding round, valuing the sports fan online retail giant at $6.2 billion, up from $4.5 billion in its last funding round, according to reports.
SIA Appoints Director Of Strategic Alliances And Membership
Snowsports Industries America (SIA) announced that it has named Stefanie Luciano as its new Director of Strategic Alliances and Membership.
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