Volume of new orders and invoices exchanged between U.S. buyers and their suppliers grew at 3 points above its expected range in Q2, recovering from a level 6 points below the baseline in the previous two quarters.
Author: SGB Media
Adidas Sport Drops SP0074 Performance Shield Sunglasses
Adidas Sport released its SP0074 Performance Shield sunglasses engineered for outdoor sports with a lightweight frame, top-tier lenses and a design that expands peripheral vision. Features include: Aeration anti-fogging system; Lightweight and flexible frame made of TR90 material for angled fit with adjustable temples; Security block hinge to secure the temples in open or closed positions. Once […]
Fashion Brand Styched Acquires India Sneaker Startup Flatheads
Styched, an online apparel brand based in India and founded in 2019, acquired Flatheads, a direct-to-customer (DTC) online casual sneaker start-up that gained attention after appearing in season two of Shark Tank India.
UYN Debuts Running Shoes Engineered From Socks
UYN, a Trerè Innovation company based in Italy, debuted its running line for spring 2024. The road, trail and cross-trail shoes are made from socks and sized for men and women. The proprietary design and technology reflect two years of research and collaboration with Trerè Innovation’s research and design facility, the Academy for Research and […]
Houdini Sportswear Debuts SS24 Line
Houdini Sportswear, a global circular sportswear company, introduced its SS24 collection using lightweight fabrics, suited for biking, climbing, hiking and traveling. The company reported that “100 percent of the products are made from environmentally preferred sources, are PFAS-free, and made from recycled, renewable, biodegradable and bluesign certified materials.” “This line reinforces our philosophy to produce […]
Christy Sports Launches Site to Sell Used Rental Gear
Christy Sports launched an online resale marketplace called Yard Sale, accessible through its website. Yard Sale will initially feature “pre-loved” adult ski and snowboard rental equipment.
South Korean Fashion E-tailer Musinsa Nets $190 Million Funding Round
Musinsa, an online fashion platform in South Korea, raised a $190 million round of Series C funding led by KKR, with participation from Wellington Management.
Brunswick Corp. Warns on IT Security Event Impact on Q2, Full Year EPS
Brunswick Corp. said the preliminary results are below initial expectations for the quarter due solely to the impacts of the recent IT security incident that was disclosed in June. Full-year Adjusted EPS expectations are estimated at approximately $9.50 per share.
Topgolf Callaway Brands Hires New Investor Relations Manager
Topgolf Callaway Brands Corp. said Katina Metzidakis had joined the company as vice president of investor relations and corporate communications, reporting to CFO and chief legal officer Brian Lynch.
Aspen One Names CEO
Aspen One, the newly-named parent of the Aspen Skiing Company, Aspen Hospitality and ASPENX, hired David Tanner as CEO. Previously, Tanner was the CEO of Boardriders, Inc. and a partner at Oaktree Capital Management.
EXEC: Giant Group Sales Inch Down in Q2 as June Decline Disappoints
Giant Group reported that consolidated revenue for the second quarter inched down 1.2 percent as sales in June fell in double-digits, erasing a strong start for the period.
EXEC: Anta Sports Sees Retail Sales Accelerate in Q2; Fila Up in High-Teens
Anta brand retail sales increased in high-single-digits in Q2, while Fila brand sales increased in the high teens. The All Other Brands segment posted 70 percent to 75 percent growth in the period.
Retail Sales Up Again in June Despite Slower Job Growth
The U.S. Census Bureau is reporting overall retail sales in June were up 0.2 percent from May and up 1.5 percent year-over-year (YoY). Sporting goods stores were down 1 percent MoM seasonally adjusted and down 0.9 percent unadjusted YoY.
Dutch E-Bike Maker VanMoof Declared Bankrupt
Dutch e-bike manufacturer VanMoof has been declared bankrupt in the Netherlands. The company had entered into a “suspension of payment” proceeding with court-assigned administrators last week to avoid bankruptcy proceedings while pursuing options to reduce debt, including a sale.
Pvolve Awards 19 New Franchise Studios
Pvolve awarded nine new franchise locations, bringing the total number awarded and open, or in development, to 19 across the U.S. and Canada.
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