The company appointed Fila USA President Todd Klein to take on the newly created role of global brand president. In addition to his existing responsibilities, Klein will assume responsibility for overall operations of the Fila brand including global product and marketing strategies.
Category: Apparel
Tilly’s Sees Bright Spot in Footwear in Dismal Holiday Selling Period
Total net sales decreased 7.4 percent to $139.7 million for the 2023 Holiday period compared to $150.9 million for corresponding nine-week Holiday period in the prior year.
Lululemon Athletica Ups Guidance on Solid Holiday Performance
Fiscal Q4 net revenue is now expected to be in the range of $3.17 billion to $3.19 billion, representing a 14 percent to 15 percent increase compared to Q4 2022. The previous guidance range was $3.14 billion to $3.17 billion.
United Sports Brands Names CEO
Phil Gyori was appointed CEO. Most recently, he was the CEO of Pelican Products. His hire follows the company’s recent acquisition by Norwest Equity Partners.
Authentic Inks Partner for Billabong Big & Tall / Plus Size
Profile Ent., a specialist in the Big and Tall/Plus women’s apparel space for over 30 years, will manufacture, wholesale and distribute Billabong Big & Tall men’s and Plus women’s apparel in the U.S. and Canada.
Report: Gen-Z Strava Athletes Most Likely to Build Community for Workouts
The report concluded that while it’s no surprise that Gen Z’s behaviors and habits vary from other generations, they also have different motivators, barriers and interests when it comes to staying active.
National Golf Foundation Makes Board Appointments
The National Golf Foundation (NGF) added Craig Kessler, PGA of America COO, Geoff Cottrill, Topgolf’s chief brand officer, and Edric Funk, Toro’s VP of golf, grounds, and irrigation, to its Board of Directors, effective January 1, 2024.
Goruck Becomes CrossFit Games Official Footwear and Apparel Partner
Goruck, based in Jacksonville, FL, replaced Nobull as the official apparel and footwear provider of CrossFit and the CrossFit Games.
EXEC: Active Lifestyle Stocks Miss Market Rally in 2023
The broader stock market saw a robust recovery in 2023 but the majority of stocks in the active lifestyle space underperformed, marked by declines by industry bellwethers including Nike, VF Corp. and Columbia Sportswear.
EXEC: Mainland Headwear Issues Profit Warning for Full Year 2023
The manufacturer and seller of headwear and accessories products reported that the issues that dogged the company in the first half of the year have continued for the full year. Profits are expected to fall 35 percent versus the prior year.
Costco’s Global Sales Climb 10 Percent In December
Costco Wholesale Corporation reported net sales of $26.15 billion for the retail month of December, an increase of 9.9 percent from $23.80 billion last year. U.S. sales were up 7.3 percent.
EXEC: Amer Sports Files for U.S. IPO
The parent of Wilson, Salomon, Arc-Teryx, and other sports and outdoor brands, filed for a long-expected U.S. initial public offering. In its prospectus, Amer touted the benefits of its “Transformation” program following its 2019 acquisition by an Anta Sports-led investor group that led to a brand-direct model, rapidly owned store expansion and accelerated growth in China.
Report: U.S. Holiday Online Sales Grow 4.9 Percent
Online spending in the U.S. during the 2023 holiday season climbed 4.9 percent to $222.1 billion in November and December, according to Adobe Analytics. Growth was reportedly driven by sizeable discounts across electronics, toys and apparel, as well as increased usage of the flexible ‘Buy Now Pay Later’ payment option.
Brooks Hires VP of Apparel and Accessories
Brooks Running hired Gabriel Rodriguez as VP of apparel and accessories. Most recently, Rodriguez was the director of run apparel and competitive train/Curry and basketball at Under Armour.
SGB 2023 Year in Review—Top 25 Most Read Articles
To say that 2023 was a challenging year for the active lifestyle retail market would be an understatement as brands, reps and retailers dealt with a variety of challenges and very few notable instances of positive news.
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