Golf Datatech’s National Rounds Played Report for March shows that U.S. rounds were down 14.3 percent in the month and down 7.5 percent year-to-date year-over-year.
Category: Footwear
Mother’s Day Spending To Reach Record High
Mother’s Day spending is expected to total $31.7 billion this year, up $3.6 billion from 2021’s record spending, according to the annual consumer survey released by the National Retail Federation and Prosper Insights & Analytics. Approximately 84 percent of U.S. adults are expected to celebrate Mother’s Day.
L.L.Bean Continues Expansion In Canada With Five Retail Stores To Open In 2022
L.L.Bean announced the continued expansion of its footprint in Canada, with five stores scheduled to open this year. In partnership with Jaytex Group, L.L.Bean will increase its store count from 8 to 13.
Lululemon, REI And Patagonia Score Top Marks For Resale Programs
According to a review of brands and retailers with dedicated resale programs, Lululemon ranked third, REI fourth and Patagonia fifth in ThredUps’s recommerce 100 study.
Academy Sports & Outdoors HQ And Distribution Center Sold For $190 Million
Mirae Asset Global Investments, based in Seoul, South Korea, has purchased the headquarters campus of Academy Sports + Outdoors in the West Houston, TX suburb of Katy. Phoenix-based Tratt Properties sold the 1.5 million-square-foot campus, which is triple-net leased to Academy Sports on a long-term lease, for $190 million.
Amazon Opens Up Prime Delivery Service To Other Retailers
Amazon, on Thursday, launched a new service, Buy with Prime, that lets third-party merchants use its shipping and logistics network to fulfill orders on their sites and its 200 million-plus Prime customers.
Zappos Appoints Chief Marketing Officer
Zappos has appointed Ginny McCormick as its first chief marketing officer.
The Athlete’s Foot Appoints EMEA Chief
The Athlete’s Foot (TAF) announced Romano Cinelli as its new vice president and general manager for TAF’s territories: Europe, Middle East and Africa.
LF Corp. Appointed Strategic Partner For Reebok In South Korea
Authentic Brands Group (ABG) reached a long-term partnership agreement with LF Corp., giving the company the exclusive rights to distribute and sell Reebok apparel and footwear for men, women and kids through wholesale, e-commerce and Reebok-branded retail stores in South Korea.
Under Armour Appoints India Distributor
Under Armour has appointed Underdog Athletics as the exclusive distributor and licensee for the brand in India.
361 Degrees Sees High-Teens Retail Growth In First Quarter
China-based 361 Degrees posted high-teens year-on-year growth for its retail sales performance in the first quarter of the year, while the overall retail sales of its e-commerce products grew approximately 50 percent compared with 2021.
Li-Ning Sees Robust Retail Sell-Through In First Quarter
Li-Ning posted a nearly 30 percent year-on-year increase in retail sell-through in the first quarter of 2022.
Lululemon Announces Plan To Double Revenue By 2026 To $12.5 Billion
Building on the momentum of the last three years and having successfully delivered its overall revenue and earnings goals early, Lululemon Athletica, Inc. announced a new Power of Three ×2 growth strategy that includes a goal to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026.
Nike Updates Hybrid-Work Plans
Nike announced a new remote work policy that will allow employees to work remotely up to four weeks per year.
NFW Closes $85 Million In Series B Funding Round
Natural Fiber Welding, Inc. (NFW) announced it has closed an $85 million funding round to scale production of its all-natural, circular materials products coming to market with a wide array of global brand partners. Evolution VC Partners led the round.
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