YouFit Gyms Named Official Gym Of University Of Miami Athletics
YouFit Gyms, the nationwide fitness chain, announced a partnership with the University of Miami Athletics as the Official Gym of the Miami Hurricanes.
Play It Again Sports’ Parent Shows Profit Improvement In Q2
Winmark Corporation, the parent of Play It Again Sports, announced net income for the quarter ended June 25, 2022 of $9.03 million, or $2.54 per share, compared to net income of $8.94 million, or $2.33, in 2021.
Compass Diversified Completes Acquisition Of PrimaLoft
Compass Diversified announced the completion of the company’s previously announced acquisition of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft.
Fanatics To Expand Nike Partnership Around Colleges
Fanatics is entering into a long-term partnership with Nike to manufacture college sports fan apparel. Starting mid-2024, Fanatics will begin manufacturing most of Nike’s fan apparel for many of its more prominent college partners.
Yue Yuen’s Sales Climb 6 Percent In June
Yue Yuen Industrial Limited reported net consolidated operating revenue reached $834.6 million in June, representing a gain of 5.9 percent year-over-year. Sales in its manufacturing business were up 18.7 percent while sales at Pou Sheng, its retail subsidiary in China, were down 14.7 percent.
The Running Event Delivers Mentorship Opportunities For Specialty Retailers
The Running Event announced new opportunities for specialty retail professionals leading up to #TRE22 this November 22 through December 1 in Austin, TX.
Sportfishing Leaders Oppose Proposed Lead Fishing Tackle Restrictions
In response to a U.S. Fish & Wildlife Service draft rule prohibiting the use of lead fishing tackle on certain National Wildlife Refuges, the American Sportfishing Association sent a letter to the USFWS Director urging the agency to reconsider the proposal.
Club Pilates Secures UK Master Franchise Agreement
Club Pilates, owned by Xponential Fitness, announced it had signed a Master Franchise Agreement in the UK, including England, Scotland, Wales, and Northern Ireland.
Nike VP Joins Estée Lauder’s Board
The Estée Lauder Companies, Inc. appointed Angela Wei Dong, global vice president and general manager, Greater China, Nike Inc., to its Board of Directors.
Li Ning’s CFO Retires
Li Ning Company, Ltd. announced that Terence Tsang, its chief financial officer, has retired due to retirement age.
Delta Apparel Expects Q3 Sales Growth Of Approximately 6 Percent
Delta Apparel, Inc. said it expects net sales for its 2022 fiscal third quarter ended July 2 to be approximately $126 million, a 6 percent increase compared to the prior-year third-quarter net sales of $118.7 million and mid-single-digit growth when compared to the pre-pandemic fiscal 2019 third-quarter net sales.
Peloton To Exit Manufacturing Operations
Peloton Interactive said on Tuesday that it would cease in-house production of its bikes and treadmills and move manufacturing to partners to simplify its operations and reduce costs. The New York-based company will expand its relationship with Taiwanese manufacturer Rexon Industrial Corp., which will become the primary hardware manufacturer for its bike and tread product lines.
Designer Brands To License Le Tigre Footwear
Designer Brands, Inc., the parent of DSW, announced an investment in and licensing agreement with Le Tigre, the American athletic apparel brand famous in the 1980s. Designer Brands will design and produce Le Tigre footwear to be sold primarily through DSW and The Shoe Company.
Puma Files Trademark Infringement Suit Against Brooks
Puma SE has sued Brooks Sports in Indianapolis federal court, charging that Brooks alleged advertising for sneakers with nitrogen-infused soles violates Puma’s “Nitro” trademark rights, according to Reuters.
South Korean Fashion Group F&F Acquires Sergio Tacchini
South Korean clothing company F&F has acquired Italian tennis brand Sergio Tacchini for U.S. $63 million.
