Paceline announced it had closed a $29.5 million Series A financing round. The round was led by Acrew Capital, with participation from Mubadala Capital and existing investors.
Author: SGB Media
Report: Spanx In Talks On Potential Sale
Spanx, the women’s shapewear brand, has retained Goldman Sachs to explore financial options, including a sale, in a deal that could reach upwards of $1 billion, according to a report from The New York Times.
Nike Exec To Lead Dallas Mavericks
The Dallas Mavericks have reportedly reached an agreement to hire Nico Harrison, a Nike executive driving relations with NBA athletes, as its general manager.
REI To Offer Expanded Sizing In Women’s Apparel And Gear
As part of its commitment to be a more inclusive retailer, REI Co-op will expand its size range, up to size 20, in apparel and gear on REI.com, in 32 of its retail stores by the end of 2021 and in all its stores by 2022.
Inside The Call: Nike’s Digital Transformation Reaches Another Gear
Nike delivered a significant fourth-quarter earnings beat with the help of accelerated growth in the North America and EMEA regions. Stronger-than-expected FY22 guidance and a bullish multi-year outlook were also provided as its digitally-driven direct engagement with consumers is accelerating overall growth.
Direct, Jordan and Women Pace Nike’s Gains In Fiscal 2021
Jordan Brand’s led growth among segments, women’s led genders, and Nike Direct grew at three times the pace of wholesales sales in Nike’s fiscal year ended May 31, 2021.
Aisle Talk Week Of June 21, 2021
The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of June 21, 2021 covered in the SGB Updates and delivered to your inbox every business day. This week’s Athlete is Oregon native Ryan Crouser who “obliterated” the shot put World Record at last week’s Olympic Trials.
Jones Snowboards Appoints VP Of Soft Goods
Jones Snowboards welcomed Martijn Linden as vice president of soft goods. He has 20 years of experience designing and developing winter sports apparel for Burton, Armada, Black Diamond, Quiksilver, Rip Curl, Patagonia and O’Neill.
Beachbody SPAC Deal Wins Shareholder Approval
Forest Road Acquisition Corp. announced that its stockholders have voted to approve the proposed three-way business combination with The Beachbody Company Group, LLC and Myx Fitness Holdings, LLC at a special meeting of stockholders.
Bangers LP Appoints VP Of Marketing
Bangers LP appointed Shane Wheaton as vice president, marketing.
Mountainsmith Releases Cona Backpack Series
Mountainsmith released its Cona backpack series with a crossover aesthetic. Two years in the making, the versatile backpack functions equally well on backpacking trips and long travel. The Cona packs come in four sizes – 60, 45, and 25L, and 4L hydration lumbar bag and available in early 2022. The 60, 45 and 25L sizes […]
Nike Blasts Past Wall Street Targets In Q4
Nike Inc. reported earnings and sales came in well above Wall Street’s consensus estimates in the fourth quarter ended May 31. Revenues grew 96 percent year-over-year, supported by a 73 percent jump in Nike Direct sales. Sales in North American climbed 141 percent year-over-year and 29 percent compared to the fourth quarter of 2019.
Golf Rounds Played Climb 18 Percent In May
Golf rounds played in the U.S. rose 18.1 percent for the month of May, according to Golf Datatech. For the year-to-date period, rounds are ahead 33.6 percent.
Appalachian Gear Company Expands Manufacturing Operations In North Carolina
Appalachian Gear Company announces its expansion into a new manufacturing facility in Kings Mountain, NC. The move will allow the brand to increase the production of its All-Paca products while creating jobs in the Charlotte metropolitan area.
RBFF Report: Fishing Participation Booming
According to a recent study conducted by the Recreational Boating & Fishing Foundation, recreational fishing continues to surge and attracting a new and diverse audience.
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