Delta Apparel expects net sales for its March quarter to be approximately $108 million, a 12 percent increase compared to prior year. The second quarter double-digit sales growth in both the Delta Group and Salt Life Group segment. (Read More)
Under Armour announced plans to redevelop its waterfront land in South Baltimore’s Port Covington as a global headquarters by 2025. Under Armour described the development as a “reimagine for a post-COVID environment” that will downsize its global corporate and Americas regional functions into one location with a hybrid office/home workplace model. (Read More)
The Boston Athletic Association (B.A.A.) announced that the organization has extended its longstanding official sponsorship with Adidas through 2030. The announcement marks more than 40 years of partnership between the athletic organizations. (Read More)
Trevor Lawrence, one of the most heralded college quarterbacks in years, has agreed to sign an endorsement deal with Adidas, according to a report from Sportico. (Read More)
The U.S. Consumer Product Safety Commission (CPSC) over the weekend advised people with young children or pets to stop using the company’s treadmills. The move comes after its investigation into the death of a child involving one of the machines turned up dozens of instances of injuries. Peloton in response called the agency’s advisory “inaccurate and misleading,” and said the treadmills are safe when users follow safety recommendations. (Read More)
True Spec Golf announced the opening of its newest fitting studio in Atlanta, GA. (Read More)
Sequential Brands Group Inc. reported a loss in the fourth quarter in part due to a charge tied to exiting a lease on its headquarters. Revenues were down 4.1 percent. The company said it continues to evaluate strategic alternatives, including the divestiture of one or more existing brands or a sale of the company and seeks an extension of waivers to cover financial covenant defaults. (Read More)
Therabody, the parent of Theragun, has acquired the PowerDot, a smart muscle stimulator. (Read More)
Dish Network Corp. filed lawsuits against Peloton Interactive, Lululemon Athletica , and Icon Health & Fitness over their workout streaming technology. (Read More)
This morning, Inov-8 opened its first brand store in the outdoor hub of Staveley in the Lake District of the UK. \ (Read More)
