The golf-simulator maker owned by Vista Outdoor formed a partnership with Awesome Golf, a subscription-based maker of golf-simulation software enabling Foresight Sports’ GCQuad, GCHawk, GC3, and Bushnell Golf Launch Pro users to access Awesome Golf’s simulator software programs.
Author: SGB Media
Mountain Hardwear Adds New Midwest Independent Sales Group
Parallel 45 Sales reportedly specializes in connecting brands and people to “build the communities of those who enjoy spending time in the outdoors, aligning with Mountain Hardwear’s commitment to make better outdoor gear and get more people outside using it.”
Peloton Forms Multi-Year Partnership with NBA/WNBA
Peloton signed on as an official fitness partner of the NBA and WNBA. As part of the multi-year deal, Peloton will introduce NBA- and WNBA-themed fitness classes to its members and be the first to launch content from NBA Fitness, which will be part of the NBA app.
Retail Sales Grew 3.8 Percent in September; Sporting Goods Trailing Market
The U.S. Census Bureau said overall retail sales in September were up 0.7 percent from August and up 3.8 percent year-over-year. The National Retail Federation (NRF) said the gains have moderated as consumers face continued pressures from the slowed economy.
Winnebago Sales Decline Accelerates in Summer Quarter; Profits Nearly Halved
Revenues fell 34.6 percent to $771.0 million for the Fiscal 2023 fourth quarter ended August 26. Fiscal 2023 fourth quarter net income was $43.8 million, a decrease of 47.0 percent. Full year revenues were down $1.5 billion to $3.5 billion, a decline of 29.6 percent.
Outerknown to Open Four Stores
Outerknown, the sustainable clothing brand, co-founded by pro surfer Kelly Slater, reported plans to open four brick-and-mortar retail stores, bringing the total operating store count to nine, with one store slated to open in Spring 2024.
Hest Introduces Down Comforter to Elevate Camping Comfort
Hest, a designer of outdoor sleep products, introduced a Down Comforter that pairs with the brands mattresses or works on its own. The company also launched in bedding products.
VF Corp.’s Shares Jump on Activist Investor’s Move
Shares of VF Corp. jumped 14 percent on Tuesday after activist investor Engaged Capital reported that it had built a stake in the owner of Vans and The North Face and planned to push for changes, including steep cost cuts, divestitures of non-core assets and a board overhaul.
EXEC: Adidas Ups Full-Year Guidance on Improved Preliminary Q3 Results
Adidas now expects full-year 2023 currency-neutral revenues to decline at a low-single-digit rate in 2023 compared to its previous forecast of a mid-single-digit decline. An operating loss of around €100 million is now forecast, compared to its previous estimates for a loss of €450 million for the year.
Shaun White Adds Women’s Line to Whitespace Brand
Global snowboard icon adds a women’s base layer, puffer jacket and riding kit to Whitespace brand distributed through Backcountry.
CrankTank Hires Managing Director for Europe, Opens Innsbruck Office
The digital marketing and e-commerce strategy agency hired German-born marketer Susanne Pfrengle as managing director of CrankTank Europe and opened a new office in Innsbruck, Austria to service its European business.
UYN Opens Academy for Research and Engineering
Italy’s Unleash Your Nature (UYN) a Trerè Innovation company, officially opened its 38,000-square-foot Academy for Research and Engineering in Apparel and Sport (AREAS) adjacent to its global headquarters in Asola.
Hybrid Apparel Appoints President, Hybrid Digital
Cypress, CA-based Hybrid Apparel hired Stephen Teglas as president of Hybrid Digital, the company’s print-on-demand apparel business.
Thor Industries Board Member to Retire
Thor Industries, Inc. announced that Wilson Jones, a member of its Board of Directors, is retiring effective December 15, following nine years of service.
EXEC: Sports Direct Parent Acquires Top Germany Sports Retailer
Frasers Group plc, the parent company of UK-based sports retailer Sports Direct, entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the top sports retailers in Germany.
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