Yue Yuen reported diversifying its footwear manufacturing capabilities by entering India to access labor and as it looks for access to manufacturing outside of China. Yue Yuen is China’s largest athletic and outdoor footwear manufacturer, serving some of the more iconic brands in the U.S. and European markets.
Author: SGB Media
Nike Becomes Presenting Sponsor Of MLB’s RBI Program
Nike, Inc. announced a partnership with Major League Baseball as the presenting sponsor of the Reviving Baseball in Inner Cities (RBI) Program, the MLB’s youth initiative to provide baseball and softball playing opportunities for kids living in areas that are underserved.
SFIA: Sporting Goods Industry’s 2022 Growth Boosted By Inflation
The Sports & Fitness Industry Association (SFIA) released its 2023 State of the Industry Report, showing 4.3 percent revenue growth in U.S. wholesale sales of athletic footwear, apparel, sports and fitness equipment, and licensed products in 2022.
Jack Wolfskin Tapeless 2.0 Jacket Improves Seam Strength And Apparel Performance
Jack Wolfskin introduced the Tapeless 2.0 Jacket for spring, the second iteration that eliminates 72 feet of seam-sealing tape using a new seam construction method. Traditional seam tape depends on glue; seam-sealing tape is heavier and can limit breathability, mobility and durability. With Jack Wolfskin’s Zero Tape sewing technology, the needle does not penetrate the […]
Golftec Opens Locations In Dubai And South Africa
Golftec reported it would open two training centers in Dubai and South Africa in the coming months.
Adidas Introduces Ultraboost Golf
Adidas released the Ultraboost Golf with golf-specific features in two limited-edition colors: the OG black and purple and a grey version with green accents. Adidas also created a silver/olive color for adiClub members. All three colors come in unisex sizing. “At the heart of Ultraboost is a silhouette that perfectly blends high-performance with streetwear fashion, and that’s […]
Crocs’ Chief Legal Officer Sets Plan To Retire
Crocs, Inc. reported in a regulatory filing that Daniel Hart, the company’s executive vice president, chief legal and risk officer provided notice of his intent to retire, effective April 1, 2024.
Adidas Introduces SS23 Paris Collection
Adidas introduced its SS23 Paris Collection—a high-performance tennis apparel range inspired by clay courts. The world’s best players will wear the 14-piece men’s and women’s collections in upcoming tournaments. Launching ahead of clay season, the apparel assortment comes in camouflage-style prints in a palette of earthy tones, representing the colors and textures of a clay court’s […]
REI To Close Portland Pearl District Store, Blames Theft
REI’s Portland, OR flagship store, located in the Pearl District, will be permanently closed due to crime and concerns for employee and customer safety concerns.
361 Degrees International Reports First Quarter Retail Overview
361 Degrees International Limited reported that retail sales of 361º core branded products for the first quarter posted approximately low-teens growth versus the comparable period in 2022. Retail sales of 361º kids branded products grew approximately 20 percent to 25 percent in the quarter.
PXG Opens Location In Cincinnati
PXG, the golf equipment and apparel manufacturer, opened its first brick-and-mortar store in Ohio.
Study: Global Supply Chain Volatility Falls To Lowest Level Since July 2020
The GEP Global Supply Chain Volatility Index concluded that global supply chains operate more efficiently today, signaling the lowest stress level since July 2020.
Reports: Retail Ecommerce Ventures Exploring Bankruptcy
Retail Ecommerce Ventures, LLC (REV), a capital marketing company founded in 2019 and that acquired the intellectual property of Modell’s Sporting Goods, Pier 1 Imports, RadioShack, and other retail banners, hired Kirkland and Ellis to explore restructuring options, including a bankruptcy.
F45 Receives NYSE Notice Regarding Delayed Form 10-K Filing
F45 Training Holdings, Inc. reported receiving notice from the New York Stock Exchange (NYSE) that it is not in compliance for failing to file its annual report timely with the Securities and Exchange Commission.
Workout Anytime Continues Expansion
With nearly 200 gyms operating in the U.S., Workout Anytime opened two new locations and signed deals for an additional five in the first quarter.
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