Ammo, Inc. promoted Jared Smith to chief executive officer. Smith joined the company in January 2023 as president and COO. Previously, he was the general manager of Fiocchi of America.
Author: SGB Media
Report: U.S. Footwear Sales Slip in Q2 Despite Performance Footwear Growth
U.S. footwear industry sales revenue was down 5 percent in the second quarter to $10.3 billion, versus Q2 2022, according to Circana. Declines in leisure and fashion categories were offset by gains in performance footwear.
Shimano Pares Forecast Again as First Half Sales Trends Worsened
Shimano, Inc. again slightly lowered its outlook for the 2023 full year after reporting earnings declined in the first half on a 13.3 percent revenue decline, accelerating the decrease seen in the first quarter.
Academy Sports To Open Store in Fredericksburg, VA
Academy Sports and Outdoors, Inc. will open its first store in Fredericksburg, VA, in the fall of 2023; this is the retailer’s second store in Virginia. The store’s footprint is over 77,000 square feet.
LVMH to Sponsor 2024 Olympic Games in Paris
Luxury brand giant LVMH signed on as a premium partner for the Paris 2024 Olympic and Paralympic Games with its jeweler Chaumet designing the medals and fashion brands Louis Vuitton, Dior, Berluti and Sephora, as well as its Moët Hennessy wines and spirits division marketed during the games.
Paramount Headwear Rebrands to Imperial
Paramount Apparel International rebranded itself and introduced Imperial as its new corporate name. Paramount acquired the Imperial golf headwear brand in late 2012. This change reflects its commitment to the Imperial flagship brand.
Nextorch Opens Seattle Distribution Center
Nextorch Industries reported opening a new U.S. distribution center in Tukwila, WA, to service the U.S. market and reduce lead times for dealers.
LIVSN Rolls Out Secondhand Marketplace
LIVSN Designs, an outdoor apparel company, introduced its Well Worn Gear Secondhand Marketplace to keep its products in rotation and out of the landfill. The platform allows customers to sell their used LIVSN products and purchase LIVSN gear from other sellers, who can also opt for LIVSN marketplace credit or cash. “We’re excited to be […]
Life Time’s Q2 Profits Surge
Life Time Group Holdings, Inc. raised its earnings guidance for the year after reporting a profit against a loss in the second quarter ended June 30 as adjusted operating earnings grew 115 percent. Revenue gained 21.8 percent.
La Sportiva’s No-Edge Climbing Shoe Line “Defies Expectations”
La Sportiva, the maker of mountain gear, introduced a climbing footwear line for Spring 2024, highlighted by the No-Edge collection that offers climbers “intuitive performance, increased sensitivity and superior durability.” The No-Edge collection includes the Mandala and updated versions of the Futura, the Mantra and the Genius. The brand will also release the TX4 Evo, an “eco-friendly approach shoe designed to […]
Adidas Ups Full-Year Guidance After Prelim Q2 Results Show Yeezy Sales Bump
Adidas now expects currency-neutral revenues to decline mid-single-digits in 2023, compared to prior guidance of a high-single-digit decline. Adi now expects to report an operating loss of €450 million in 2023 compared to the previously guided loss of €700 million.
Asics North America Names VP of U.S. Sales
Asics North America hired industry veteran Michael Dougherty as vice president of U.S. sales, effective immediately. He has over 15 years of global footwear industry experience, including at Clarks and New Balance.
Columbia Sportswear Company Hires Director of Strategic Accounts
Columbia Sportswear Company hired long-time Reebok and Adidas sales pro Dave Stellick as director of strategic accounts.
Adidas Outdoor North America GM Departs
Michael Kadous, North America’s senior director and GM for Adidas Outdoor, Terrex and Five Ten since March 2019, exited the brand.
361 Degrees Expands Spain Distribution with VC Sport
361 Degrees International reported it tapped VC Sport as its distributor for the 361º brand in Spain. The company will initially distribute the 361º basketball shoes this summer and expand the range to include running and lifestyle categories in 2024.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal