Shein, the Chinese-based online fashion retailer, intends to raise about $2 billion in a new funding round in March and is aiming for a U.S. initial public offering listing in the second half of this year.
Author: SGB Media
Wahoo Fitness Integrates Elemnt Range With Trailforks Mapping App
Wahoo Fitness reported integrating its Elemnt range of GPS bike computers with Outside Interactive, Inc.’s Trailforks mapping app.
Beachbody Changes Name To BODi; Hires Vice President
The Beachbody Company, Inc. changed its name from Beachbody to BODi, reflecting the digital platform’s recently founded Health Esteem category. Petra Kolber was hired as vice president of Personal Development and Mindset
Cordura x Bach Equipment Release Limited-Edition Cordura Re/Cor RN66 Tote Bag
For over 40 years, Cordura Advanced Fabrics and Bach Equipment have worked together to develop products. In November 2022, at ISPO Munich, the brands introduced a limited-edition tote bag with Cordura re/corRN66. Now, the tote bag is available in Europe. “We make it a priority to continually bring new ideas and products to our brand […]
Johnson Fitness & Wellness To Open 17 Stores In Texas
Johnson Fitness & Wellness, the retail division of Taiwan-based Johnson Health Tech, reported it would open 17 stores in major metro markets in Texas and a commercial sales and service division.
Report: U.S. Retail Sales Climb 6.9 Percent In February
According to Mastercard SpendingPulse, U.S. retail sales excluding automotive were up 6.9 percent year-over-year (YOY) in February.
Snipes And Adidas Originals To Release A New Sneaker In Honor Of Detroit
Snipes and Adidas Originals are releasing a new sneaker in honor of Detroit, and it’s dropping on 313 Day. Introducing the Adidas Forum Low “Detroit,” a Snipes exclusive shoe that pays homage to the Motor City. The classic Adidas silhouette in a black and gold colorway includes “I Am Detroit” on the strap. The sneaker also […]
Pura Vida Sees Slight Sales Decline In Fourth Quarter
Fourth-quarter sales at Pura Vida, the online seller of handmade bracelets, declined 4.2 percent to $30.9 million, according to the quarterly report of its parent, Vera Bradley.
NRF Opposes Corporate Tax Rate Increase In Biden Admin Budget
The National Retail Federation has issued the following statement from SVP of Government Relations David French in response to President Biden’s proposed budget for fiscal year 2024.
Allbirds Hires New CFO
Allbirds hired Annie Mitchell as CFO, effective April 24. She succeeds Mike Bufano, who is stepping down and will remain with the company through mid-May to ensure a smooth transition.
Yeti Recalls 1.9 Million Coolers And Cases For Magnet Hazard
Yeti has recalled 1.9 million soft coolers and gear cases because of magnets that could detach and be ingested. The magnet-lined closures on Yeti’s Hopper M20, Hopper M30 1.0 and 2.0, and SideKick Dry products can fail and the magnets can be dislodged, according to the U.S. Consumer Product Safety Commission.
Yue Yuen Factory Revenue Declines Moderate In February; China Retail Worsens
Yue Yuen Industrial (Holdings) Limited net consolidated operating revenue for February 2023 came in at $603.8 million, representing a 6.9 percent decline versus the year-ago February period.
The Buckle Delivers Modest Q4 Profit Growth On 4.6 Percent Comp Sales Gain
The Buckle reported earnings improved 4.6 percent in the fourth quarter ended January 28 as sales expanded 5.5 percent.
Peloton, IFit Face U.S. Import Ban Over Streaming Technology
The U.S. International Trade Commission (ITC) banned imports of video streaming fitness devices made by Peloton Interactive, Inc. (PTON.O) and iFit, Inc after a judge ruled the company’s infringed on Dish Network Corp. (DISH.O) patents.
Allbirds Launches Transformation Plan Following Q4 Shortfall
Allbirds, Inc. reported a net loss in the fourth quarter ended December 31 as sales declined 13 percent. Earnings and sales missed guidance and the eco-friendly footwear announced a new transformation plan to reignite growth and improve its cost structure.
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