Revenues from self-branded fitness products were up 7.5 percent in the first half of 2024, mainly from an increase in wholesale channel sales and increased fitness gear and apparel product sales.
Author: SGB Media
Pickleball Kingdom Continues Expansion in the PNW
Gunn Robison is leading this franchise expansion. Before joining Pickleball Kingdom, Gunn spent 25 years in technology sales and marketing, most recently as vice president of marketing at Microsoft.
Classified Reinforces Leadership Team; Hires Head of Sales
Koen Van Der Weerd has over a decade of leadership expertise in the cycling industry, making him an invaluable asset for Classified as the brand grows in a competitive landscape.
The James Brand Strengthens Sales Team Across North America
The company added new sales team members, a brick-and-mortar retail store at its headquarters in Oceanside, CA, and expanded its nationwide network of retailers.
Report: Resale Market for Nike and Jordan Brands Down Double-Digits
StockX said its data shows a diversified portfolio of brands locking in the top spots for year-over-year growth, including Asics (+589 percent), Adidas (+88 percent), and Yeezy (+23 percent). Cornerstone silhouettes from brands like Jordan and New Balance have dropped in average price.
Ross Stores Gets Q2 Profit Bump on Solid Comps; Still Has H2 Consumer Concerns
The company said its improved profitability relative to last year resulted from higher sales and lower distribution and incentive costs, which were partially offset, as expected, by lower merchandise margins.
EXEC: Sports Footwear Shipment Growth Drives Factory Profit Surge
Average selling prices (ASPs) decreased year-on-year due to the higher proportion of Sports products that carry lower ASPs. First-half gross profit margin expanded by 270 basis points to 25.8 percent of sales.
ORR Appoints Program and Administrative Director
Cassie Elrod joined ORR from Outside Interactive, Inc., where she was commercial counsel and played a “pivotal role in project management and legal support” for its inaugural Outside Festival in June 2024.
New Fleet Feet Franchise Opens in Arizona
The new store is the first location for owners and operators Tom and Nikki DeBole. Fleet Feet said Queen Creek is one of the fastest-growing towns in the U.S.
Peloton Returns to Modest Growth in Fiscal Q4, Dramatically Narrows Net Loss
The net loss for the fourth quarter was $30 million, an improvement of $211 million year-over-year and $137 million sequentially quarter-over-quarter. Total revenue in the fourth quarter was $644 million, up 0.2 percent year-over-year.
Urban Outfitters Reports Solid Q2 Results Despite Decline at Namesake Brand Stores
Comparable Retail segment net sales increased 7.1 percent at Free People and 6.7 percent at Anthropologie and decreased 9.3 percent at Urban Outfitters. Nuuly segment net sales increased by 62.6 percent.
First Topgolf in Iowa to Open in Des Moines
The two-level venue will open on September 6. It sits within the West Des Moines city limits.
Unifi, Inc. Narrows Fiscal Q4 Loss on Americas and Brazil Segment Share Gains
The company reported that subsequent to quarter-end, the company reported that it launched two new innovative Repreve Fiber products that will help support future growth.
Deuter Taps Michael Duffy as NSM; Makes Other Key Management Moves
In addition to Duffy’s hire, Scott Park has transitioned from sales leadership to a new role as product line manager, and Amy Parulis was promoted to marketing and communications manager.
Langdon Tactical Appoints Aimee Langdon as New President
With almost 20 years of experience in sales, communications and business development within the shooting and robotics space, Aimee Langdon has reportedly brought a unique vision to the LTT brand.
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