Plans for the new store include a soft opening in the Fall of 2024, pending store construction timing, with a full-scale grand opening in the Spring of 2025. The new store will be located at 2273 N. Green Valley Parkway, in Henderson, NV.
Category: Sports/Fitness
Cinelli Appoints New Australian Distributor
Cinelli inked a new partnership with La Dolce Velo, appointing the company as the exclusive distributor of Cinelli bikes, frames, components, apparel, and accessories in Australia.
Lands’ End Sees 2023 Momentum Continuing into Q1 as GMV Rises
Net revenue decreased 7.8 percent for the first quarter to $285.5 million. Global eCommerce Net revenue was $195.5 million, a decrease of 3.7 percent year-over-year. Gross Merchandise Value (GMV) increased by low single digits compared to the first quarter of 2023.
EXEC: Lululemon Had Busy Q1, Beating Estimates, Buying Mexico Ops, Fixing Product Misses
It wasn’t long ago that the market was ready to write off Lululemon as new challenges befell Nike and LULU had its own issues to address, including the recent departure of Chief Product Officer Sun Choe for a new opportunity to run the Vans brand for VF Corp.
G-III Apparel Invests in Iberian Agent for DKNY, Donna Karan and Karl Lagerfeld
The move is said to accelerate the international expansion of G-III’s owned brands through a partnership with All We Wear Group (AWWG), for an ownership stake of approximately 12 percent.
Stack Athletics Drops Summer 2024 Pickleball Collection
Stack fuses streetwear meets pickleball-focused tech in Summer 2024 apparel collection
Lululemon Beats Q1 Sales and Earning Estimates; Shares Jump Double Digits
The company delivered first quarter EPS of $2.54 per share, beating Street estimates by 12 cents a share. Revenue amounted to $2.21B, outpaced the estimates. Revenue grew 11 percent year-over-year in constant-dollar terms. .
Echelon Fitness Acquires Advanced Recovery Company ThriveX
The maker of at-home exercise equipment for the global fitness, wellness and sports market, acquired ThriveX, the manufacturer of recovery products, including cold immersion systems, smart hybrid saunas and compression boots.
EXEC: Authentic Sells Boardriders Retail Ops in W. Europe; Inks Brand Licenses for Key Cats
Beaumanoir reportedly acquired the retail operations for the Boardriders brands across Western Europe and licensed the rights to manufacture, design and distribute branded products.
HanesBrands Formally Inks Deal to Sell Champion to Authentic Brands Group
The transaction value is pegged at $1.2 billion, with the potential to reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement of performance thresholds. Authentic said it intends to manage the Champion brand through a licensing model.
Hibbett Posts Q1 Sales Comps and Earnings Decline on Path to JD Sports Acquisition
Comparable sales decreased 5.8 percent versus the prior-year Q1 period. Brick & mortar comparable sales declined 5.8 percent while e-commerce sales also decreased 5.8 percent on a year-over-year basis.
EXEC: Outdoor Voices Acquired by Consortium Brand Partners
The athleisure lifestyle brand, founded in 2013 by Tyler Haney, marks CBP’s second acquisition, following its announcement of a majority stake in Reese Witherspoon’s fashion and lifestyle brand, Draper James in September 2023.
Nike Inc. Takes Cost-Cutting Efforts to EU with Start of HQ Job Cuts
Nike is cutting jobs at its EU headquarters in Hilversum, Netherlands, outside of Amsterdam, as part of a multi-year cost-cutting plan, according to early reporting from Reuters, citing internal sources at the EU headquarters.
EXEC: DBI Gets Q1 Lift from Topo and Keds While Dress and Seasonal Drag on Retail
DBI also acquired Rubino, a profitable Canadian footwear retailer operating nearly 30 stores, specifically serving the Province of Quebec. Quebec represents nearly one-quarter of Canada’s population, but DBI had no existing presence. Rubino did CN$47 million in 2023.
Golf Genius Acquires Swing by Swing Golf
Golf Genius reported it acquired Swing by Swing Golf, Inc., owner of the SwingU golf GPS and scorecard app and the SwingU Coach performance data platform.
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