Report: Sporting Goods Manufacturers’ Sales Grew 4.2 Percent in 2023
In 2023, the sporting goods industry grew 4.2 percent compared to 2022, reaching $121.66 billion, according to the SFIA report, and grew 26.8 percent compared to 2019 pre-pandemic levels.
Columbia Sportswear Ups 2024 Profit Guide, Maintains Sales Decline
First quarter net sales decreased 6 percent to $770.0 million. The decline primarily reflects lower wholesale net sales in the U.S. and Canada, driven by retailer cautiousness, a challenging competitive environment and generally soft consumer demand.
EXEC: Ahead, Craft, Cutter & Buck Parent Sees Sales Decline Cut into Bottom Line
The Swedish-based owner of Ahead, Auclair, Craft, Cutter & Buck, and Tenson reported that first-quarter net sales decreased 7 percent to SEK 1.995 billion. Regionally, Central Europe, followed by the U.S., performed best in sales volume.
Hoka to Open New Retail Store in Honolulu
Ala Moana Center, Hawaiʻi’s largest open-air shopping center, located steps away from Ala Moana Beach Park, will welcome Hoka as a tenant next month.
Mountain Khakis Opens Outlet Store in Utah
The Traverse Mountain Outlet store in Lehi, UT is the brand’s second retail store to open this year, following the addition of its Castle Rock store in Colorado.
Jetty Hires Apparel Industry Vet as COO; Sets Future Plans
The New Jersey-based surf apparel company, with a growing presence in the outdoor and active lifestyle markets, saw the opportunity to add apparel veteran Lee Byrd to the team as it is “focusing on its authentic roots and devotion to the dynamic, moody coast on which it was born.”
Foot Locker to Debut New Global Store Concept
As FL continues progressing against its Lace Up Plan, the retail experience delivers on the promise to “power up its portfolio while providing an omni-focused customer experience.”
Revelyst Hires Chief Supply Chain Officer
Effective April 22, Joe Beck, a longtime supply chain and business operations leader assumed the role as chief supply chain officer.
Hibbett Sports to be Acquired by Finish Line, DTLR Parent
Mike Longo will continue as Hibbett’s President and CEO, and Jared Briskin will take on the role of Hibbett COO. Hibbett will maintain HQ in Birmingham, AL.
Mountain Khakis Appoints New Southeast U.S. Reps
Adventure Mountain Group, headed by CEO Tom Hammond, will represent the line in the Southeast U.S., along with his team of five.
Burton and Spy’s Winning Moves in the Wholesale Game, Part 2
This is Part 2 of 3 in a series of sponsored posts from ENDVR.
Agilitas Sports Inks Lotto Brand License for India, Australia and South Africa
Agilitas Sports secured the rights to design, manufacture, promote, and distribute the Lotto brand in India, Australia and soon in South Africa.
EXEC: Nike, Inc. Outlines Two-Phase Plan to Cut 740 Positions at Beaverton HQ
In a new WARN notice filing, Nike. Inc. said that a total of 740 positions would be permanently eliminated at the company’s Beaverton World Headquarters across two phases of layoffs, including the first phase in February of this year.
The Lycra Company to Bring Bio-Derived Lycra Fiber to Market
The campaign will inform the active outdoor industry of the advantages of using dent corn as a feedstock for apparel, featuring Iowa farmers growing the corn to create the next-gen of Lycra fiber.
Elevate Textiles Names CEO and Board Director
A global textile solutions company, announced that Jeffrey P. Pritchett will join the company as CEO and Member of the Board of Directors on April 23.
