Pickleball continues to grow in popularity, with the highest percentage increase year-over-year for the fourth consecutive year. Pickleball was up 54 percent in 2023 vs 2022.
Author: SGB Media
Simon Property Group Sells Stake in Authentic Brands Group
Simon Property Group reported it sold the remaining 10 percent stake in brand management firm Authentic Brands Group for $1.2 billion.
Wolverine Worldwide Business Continues to Shrink in Q1 While Turnaround Progresses
Revenue for the ongoing business fell nearly 25 percent in Q1, The parent of the Merrell, Saucony, Wolverine and Sweaty Betty brands said it is beginning to see proof points emerge as early validation of its strategy and execution on its turnaround and transformation plan.
Levi Strauss Settles Lawsuit Against Brunello Cucinelli Over Trademarked Tab
Filed in January 2024, Levi Strauss accused the Italian luxury fashion brand of infringing its trademarked rectangular tab.
SRAM’s Debt Ratings Affirmed by Moody’s
Moody’s affirmed SRAM’s B1 corporate family rating, probability of default rating, and the B1 rating on its senior secured first lien credit facility. It also gave the Chicago-based bike component manufacturer a stable outlook.
ZeroTech International Hires Digital Marketing Manager
Chris Woodrow joined ZeroTech, the parent of ZeroTech Optics and the manufacturer of Lightforce, Nightforce, APRS, and Force Ordnance, as digital marketing manager.
JD Sports Opens First Store in the Middle East
The occasion follows the franchise agreement with GMG, announced in July 2023, and a testament to the brand’s global reach and appeal.
Wolverine Worldwide Names New CFO
Taryn Miller was appointed as the company’s chief financial officer. She will succeed Michael D. Stornant, who is retiring after nearly 30 years with the company.
Perry Ellis International Partners with Miami Dolphins
“We aim to capture the essence of confidence and versatility that defines the sports community while offering a fresh take on athlete-inspired fashion.” —Oscar Feldenkreis, President and CEO, Perry Ellis International, Inc.
Puma Returns To Growth In The Americas In Q1
Puma’s sales in the Americas region showed positive sales growth in the first quarter on a currency-neutral basis for the first time in four quarters but reported sales and earnings declined due to unfavorable currency effects and challenging year-ago comparisons. The results were in line with company expectations, and full-year guidance was maintained.
New Era Names Creative Director
Dao-Yi Chow was tapped as creative director and vice president, overseeing the design New Era’s first apparel line—Brand New Era, as well as merchandising and marketing.
Sturm, Ruger Cuts Jobs to Right-Size Business as Profits and Sales Decline
Accrued severances of $1.5 million related to a reduction in force that involved about 80 employees.are expected to be settled in cash and consist of one-time termination charges arising from severance obligations and other customary employee benefit payments.
GoPro Q1 Loss Expands as DTC Web Sales Tank and Retail Surges 33 Percent
Revenue from the retail channel was up 33 percent year-over-year, while GoPro.com revenue, including subscription and service revenue, was down 48 percent year-over-year.
Imbox Protection Opens Global HQ in Denmark
The biulding has two wings, one for administration and the other dedicated to storage and product development.
Report: Down 98 Percent, Peloton May be Attractive at the Right Price
PTON shares surged in the mid-teens on Tuesday, May 7, after CNBC reported early that several private equity firms had considered a buyout of the connected fitness company.
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