Fleet Feet and rabbit collaborated on a Summer 2023 running apparel collection to be released May 10, featuring exclusive colorways and new styles. “As a run specialty retailer, one of Fleet Feet’s main priorities is to provide customers with the latest running apparel, and our collaboration with rabbit is a testament to that,” said Catherine […]
Author: SGB Media
Skratch Labs Introduces Mango + Tangerine Hydration Sport Drink Mix
Skratch Labs released a new, limited-time flavor of its Hydration Sport Drink Mix—Mango + Tangerine, made with natural fruit, sugar and the “optimal electrolyte profile” to replace what is lost in sweat and provide energy during a workout. By eliminating “functionless ingredients,” including artificial sweeteners and colors, athletes can “avoid flavor fatigue and GI issues” […]
SidelineSwap Secures Investment From eBay
SidelineSwap, the online marketplace for new and used sporting goods, announced a strategic investment from eBay Ventures, the corporate venture arm of eBay, Inc., and follows an investment in November 2022 from DSG Ventures, the corporate venture arm of Dick’s Sporting Goods.
REI Chicago Employees Vote To Unionize
The Retail, Wholesale and Department Store Union (RWDSU), announced Thursday that, by an overwhelming majority vote of nearly 84 percent, workers at REI, Inc. in Chicago, IL, voted to join the RWDSU, making this the fourth unionized REI store in the country.
Adidas Maintains Guidance Despite Flat Q1 Growth From Yeezy Impact, Inventory Issues
Adidas CEO Bjørn Gulden said the first quarter ended a little better than expected as the company eked out flattish sales growth globally and a small operating profit despite the termination of the Yeezy business. Gulden said sales were up 9 percent for the quarter ended March 31 when excluding the Yeezy business.
Iron Valley Supply Hires Account Manager
ron Valley Supply hired Joe Lombardi as an account manager.
Johnson Outdoors Fiscal Q2 Profit Up On Sale Of Military And Commercial Tent Business
Johnson Outdoors, Inc. reported total company net sales increased 7 percent to $202.1 million in the fiscal second quarter ended March 31. Operating profits declined for the period but were offset by a gain on the sale of the Military and Commercial Tents product lines in the Camping segment.
Recco Hires North American Sales Manager
Recco, the manufacturer of advanced rescue technology, hired Billy Treacy as North American sales manager as it continues its expansion into the North American market and four-season usage.
Xponential Fitness Raises FY Guidance On Improving Q1
Xponential Fitness, Inc. showed a loss in the first quarter that ended March 31 but saw revenue jump 40 percent and raised its outlook for the year.
Fox Factory Powered Vehicles Group Offsets Sharp Drop In Q1 Specialty Sports Group Sales
Fox Factory Holding Corp. reported that sales for the first quarter of fiscal 2023 were $399.9 million, an increase of 5.8 percent. The increase reflects a 35.0 percent increase in Powered Vehicles Group sales and a 30.0 percent decrease in Specialty Sports Group sales.
Fox Factory Holding Corp. Hires First Chief Accounting Officer
Fox Factory Holding Corp. hired Brendan Enick as its first chief accounting officer. He has over 16 years of experience in the accounting industry.
NSGA’s 2023 Participation Report Sees 7 Of 10 Segments Showing Growth
Analysis of the National Sporting Goods Association’s (NSGA) Sports Participation in the U.S. report revealed that seven segments increased in participation in 2022, two segments remained relatively flat and one segment decreased compared to 2021.
FN America Announces $18 Million Expansion Of Columbia, SC Manufacturing Facility
FN America, LLC, a U.S. subsidiary of FN Herstal, S.A., a global firearms manufacturer, reported that an $18 million expansion of its Columbia, SC facility will take place later this year with an expected completion in the first half of 2024.
Delta Apparel Logs Loss On Mass Channel Destocking
Delta Apparel reported a loss in the fiscal second quarter ended April 1 as elevated inventory levels at the mass channel continue to impact its Delta Direct business. Sales declined 16.2 percent as a gain of over 16 percent at its Salt Life brand was offset by a 20.8 percent drop at its Delta Group segment.
Sports Research Appoints Apple, Nike Vet As Marketing VP
Health and wellness company Sports Research hired Robbie LaBelle as vice president of marketing. He is the first to assume the role in the company’s 43-year history.
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