Consolidated net sales declined 9 percent to $1.46 billion for the full year. The decline for the year was attributable to the Specialty Sports Group Bike segment, which was down $309 million, or 45 percent, year-over-year.
Author: SGB Media
Adidas Tour360 24 Focuses on Fit, Durability and Performance
Adidas focused on three key areas with the new Tour360 24: Fit, Performance and Durability. The Tour360 24 will be available in a variety of colorways in laced and BOA versions for men and women, along with a junior model inspired by the footwear.
Mossberg Adds New Premiere Distribution Partner
O.F. Mossberg & Sons, America’s oldest family-owned and operated firearms manufacturer, said that Orion Wholesale has grown into a premiere firearms distributor with a commitment to customer service, competitive pricing and timely deliveries.
Marmot, Coleman Parent Sets Board Refresh
Bridget Ryan Berman Will Succeed Robert Steele as Chair; James Keane Elected to Board of Directors
Adidas Originals By Edison Chen Drop Clot Superstar
Taking a fresh take on the classic Adidas Originals silhouette, the Clot Superstar “bridges Eastern and Western cultures.”
EXEC: Bowflex Inc. Warns on Going Concern Status; Lays Out Executive Retention Plan
The company said it now believes that conditions will not improve in the next several quarters, which is negatively affecting its liquidity projections. Management determined there is substantial doubt about the company’s ability to continue as a going concern for 12 months.
Shred. Expands Global Distribution
Shred. entered into strategic partnerships with ILP Inc. in Japan, Helia Trade in the Czech Republic, 4Seasons Sports in Poland, and The Group Distribution in Italy, expanding the brand’s global distribution network.
G-Form Launches Signature Softball Collection with Fastpitch Star Sierra Romero
Designed in collaboration with Romero, G-Form released the Sierra Romero Signature Fastpitch Elbow Guard.
Tumi Introduces New Silhouettes in 19 Degree Aluminum Collection
This latest chapter in Tumi’s Essentially Beautiful campaign highlights the newest 19 Degree Aluminum styles, including the Backpack, the Compact Carry-On, the Briefcase, and Minaudiere.
New Balance Hits $6.5 Billion in 2023; Nearly Doubles Sales Since 2020
The company delivered double-digit record growth in every global market in 2023, reaching $6.5 billion in annual sales, a 23 percent increase from 2022.
EXEC: S&P Issues Damning Report on the Health of TNF and Vans Parent
S&P Credit Rating analysts lowered their forecast for VF and now believe the company will have to sell “sizeable brands” to meaningfully reduce leverage in the near term.
Veldskoen Shoes Founders Re-Acquire Brand from Mark Cuban, Ashton Kutcher
Veldskoen Shoes opened a U.S. headquarters in Atlanta to expand the business stateside. The initiative comes after the founding families re-acquired the brand in late 2023.
Skechers Partners with Vexx on Limited-Edition Collection
Known to the world as Vexx, Vince Okerman’s “doodles” take their inspiration from various sources, including the legendary American artist Keith Haring.
EXEC: Saucony to See Big Decline in 2024 Before Recovery
The fourth quarter was tough for Saucony as sales fell 13.4 percent (-13.7 constant-currency) to $105.1 million, from $121.3 million in the prior-year corresponding quarter.
National Golf Course Owners Association appoints new Board Member
The NGCOA recently selected Bobby Jones Links Founding Partner Whitney Crouse to serve on its Board of Directors. He has spent over three decades developing, building and managing golf properties.
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