IThe International Health, Racquet & Sportsclub Association (IHRSA) released new industry data that showed another increase in the number of health clubs, gyms and studios that have closed since this time last year. Since the start of the Covid-19 pandemic in March 2020, 25 percent of all fitness facilities have closed across the country, and 30 percent of studios closed as of January 1, 2022, an increase of 11 percent since January 1, 2021.
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Athletic Greens Secures $115M In Financing Round
Athletic Greens, a New York-based foundational nutrition company, announced it has raised $115 million in funding.
Inside The Call: VF’s Struggles To Revive Vans Clouds Upbeat Q3
VF Corp.’s third-quarter earnings topped analyst targets, with The North Face accelerating momentum during the critical holiday quarter. However, shares were trading down in mid-day trading Friday as VF trimmed its sales outlook due to a deteriorating performance by Vans.
Nite Ize Launches Universal Phone Holder
Nite Ize launched its Squeeze Clippable Phone Holder available at retail early spring. The universal phone holder clips to a belt or backpack strap. “Our Squeeze design has been a hit since its release last year, so we wanted to expand its utility and versatility on the go,” said Rick Case, Nite Ize founder and […]
Nite Ize Launches Universal Phone Holder
Nite Ize launched its Squeeze Clippable Phone Holder available at retail early spring. The universal phone holder clips to a belt or backpack strap. “Our Squeeze design has been a hit since its release last year, so we wanted to expand its utility and versatility on the go,” said Rick Case, Nite Ize founder and […]
Inside The Call: Levi Strauss Rides Accelerated Shift Toward Casualization
Levi Strauss & Co. reported its top-line momentum accelerated in the fourth quarter ended November 28 after seeing sales return to pre-COVID levels in the third quarter, helping the denim giant reach its highest annual revenue since 1998. Chip Bergh, president and CEO, sees “several multi-year tailwinds,” including the casualization trend, driving future growth.
Dr. Martens Sales Q3 Climb 11 Percent
Dr. Martens plc reported sales in the third quarter ended December 31 rose 11 percent year-over-year and 21 percent compared to 2019.
NPD Announces U.S. Outdoor Sports Retail Performance Awards
The NPD Group announced the winners of its second annual Outdoor Sports Retail Performance Awards. According to NPD Retail Tracking Service data*, the awards acknowledge the fastest-growing brands in the U.S. outdoor and snow specialty retail markets based on in-store and e-commerce sales revenue.
NSSF Retailer Surveys Find 5.4 Million First-Time Gun Buyers In 2021
The National Shooting Sports Foundation (NSSF) found that at least 5.4 million people purchased a firearm for the first time in 2021. Nearly 30 percent of all firearm purchases in 2021 were sold to new gun owners, based on NSSF retailer surveys and adjusted National Instant Criminal Background Check System (NICS) background checks.
NGF Report: Golf Participation And Engagement Rise Again In 2021
Participation research shows overall golf participation in the U.S. increased by 600,000 to 37.5 million in 2021, up 2 percent, according to the State-of-Industry Graffis Report published by the NGF (National Golf Foundation).
Unifi Announces Second Quarter Fiscal 2022 Results, Achieving Strong Sales
Unifi, Inc., makers of Repreve, reported sales grew 23.7 percent in the fiscal second quarter ended December 26.
Nike Appoints Executive Vice President And General Counsel
Nike Inc. announced that Ann Miller, a 14-year Nike veteran with more than two decades of legal experience, will become executive vice president and general counsel, effective February 17, 2022. Miller succeeds Hilary Krane, who is retiring.
Levi Strauss Q4 Revenues Climb 22 Percent
Levi Strauss & Co. reported sales in the fourth quarter ended November 28 grew 22 percent versus Q4 2020 and gained 7 percent versus Q4 2019. Earnings and sales were slightly ahead of Wall Street targets.
Lids Parent Raises $250M
Private equity holding company Ames Watson announced it has raised $250 million dollars in a new round of funding as the company continues to expand. The funding was raised through Ames’ affiliate, Lids, issuance of a Term B private loan. Ames Watson expects to use this capital for add-on acquisitions and investments for Lids and for separate stand-alone control and passive investments.
Nike And Under Armour Earn Analyst Upgrades
Nike scored an upgrade from Wells Fargo due in part to signs of recovery in China while Under Armour upgrades from Citi Research as well as BMO Capital Markets due to confidence in the brand’s transformation efforts.
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