L.E.K. Consulting’s First U.S. Footwear and Apparel Brand Heat Index* found that Nike was the most popular brand across athletic categories, while The North Face, Patagonia and Columbia paced the outdoor space. However, many newer brands gained traction and brand recognition that varied across genders and generations.
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Fanatics Appoints CEO Of Fanatics Collectibles
Fanatics announced the appointment of Mike Mahan as CEO of Fanatics Collectibles, the company’s trading cards and collectibles business.
Nike’s Stock Hit By Price Target Cuts
On Wednesday, Morgan Stanley and UBS joined several other investment firms recently lowering their price targets on Nike due to the impact of COVID-lockdowns in China and the overall stock market’s correction.
May Retail Sales Unexpectedly Decline Amid Inflationary Pressures
Retail sales fell 0.3 percent in May from the prior month, the Commerce Department said Wednesday. Economists surveyed by Refinitiv expected sales to rise 0.2 percent. May marked a slowdown from the gain of 0.7 percent in April and the first decline in retail sales in five months.
Hypebeast To Open New York Flagship
Hypebeast will unveil its first-ever U.S. flagship building in the heart of Manhattan’s Chinatown on 41 Division Street this week.
Feradyne Outdoors Acquires Scent Crusher
FeraDyne Outdoors, based in Superior, WI, announced the acquisition of Scent Crusher.
NRF Praises House Passage Of Ocean Shipping Reform Act
The National Retail Federation issued a statement applauding the House’s approval of the Ocean Shipping Reform Act of 2022.
Winmark Announces Addition Of Play It Again Sports Franchised Locations
Winmark Corporation announced that it has signed franchise agreements to add an additional eleven Play It Again Sports locations to its existing base of 272 stores across North America.
Winchester Parent Scores Moody’s Upgrade
Moody’s Investors Service upgraded Olin Corporation’s Corporate Family Rating (CFR) and the ratings on its senior unsecured debt to Ba1 from Ba2.
Karl’s Fishing & Outdoors Opens First Retail Store
Karl’s Fishing & Outdoors, owned by Chicago-based Catch Co., announced opening its first brick-and-mortar store at 1621 River Run in Fort Worth, TX.
Oberalp Group Makes Hires And Promotions
The Oberalp Group, which owns Salewa, Dynafit, Pomoca, Wild Country and Evolv, has hired Phil Hoffman as sales manager, appointed Mike Sohasky as key account sales manager, and promoted Steve Goddard, Michael Casarrubia, and Eric Poore to new roles within the company.
Powdr Corp.’s Debt Ratings Upgraded Following Strong Ski Season
S&P Global Ratings raised its debt ratings on Powdr Corp. as skier visitations exceeded S&P’s forecast during the 2021/2022 ski season, resulting in revenue, EBITDA, and adjusted leverage that has outperformed S&P’s previous base case.
Hibbett Announces Changes To Board
Hibbett, Inc. announced the resignation of Jamere Jackson, effective June 9, 2022 and the appointment of Pamela Edwards to its Board of Directors, effective June 10, 2022.
La Sportiva Introduces Jackal II, Other Footwear And Apparel For SS23
La Sportiva, the manufacturer of mountain footwear, outlined its running and hiking products for SS/23, with the Jackal II leading the lineup offering reduced weight, a roomy toe-box and a redesigned heel. The Italian brand is also releasing several running and hiking models for SS23 and an environmentally friendly apparel line. “Ultra-Running is growing rapidly, […]
La Sportiva Introduces Jackal II and other New Footwear Models for Spring/Summer 2023
BOULDER, CO (June 10th, 2022) – La Sportiva, makers of the world’s finest mountain footwear, today announces their running and hiking product offerings for the spring and summer of 2023. Trail running and hiking continue to boom in the United States, and the new Jackal II is designed to inspire runners with a significantly reduced […]
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