Li-Ning Sees Robust Retail Sell-Through In First Quarter
Li-Ning posted a nearly 30 percent year-on-year increase in retail sell-through in the first quarter of 2022.
Lululemon Announces Plan To Double Revenue By 2026 To $12.5 Billion
Building on the momentum of the last three years and having successfully delivered its overall revenue and earnings goals early, Lululemon Athletica, Inc. announced a new Power of Three ×2 growth strategy that includes a goal to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026.
Nike Updates Hybrid-Work Plans
Nike announced a new remote work policy that will allow employees to work remotely up to four weeks per year.
A Shoc Energy Raises $29 Million In Funding
A Shoc Energy announced a $29 million Series B funding round led by investments from existing investors, strategic participants, athletes, and celebrities.
Xponential Fitness Launches On-Demand Platform
Xponential Fitness, Inc., digital platform, Xponential+ (“XPLUS”) has officially launched, offering live and on-demand access to its studio locations. Xponential’s brands include Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, AKT, Stride, Rumble, and BFT.
Rally House To Open Stores In South Bend
After opening three stores in Indianapolis in 2021, Rally House plans to open Rally House Erskine Village and Rally House University Crossings in the South Bend market.
Nike Appoints Twitter Exec To VP Of Digital Design
Nike, Inc. has hired Dantley Davis, former chief designer officer at Twitter, as VP of digital design.
NRF Calls For Visa And Mastercard To Cancel Swipe Fee Increases
The National Retail Federation urged Visa and Mastercard to cancel credit card swipe fee increases scheduled to take effect this month, citing a letter from both Republican and Democratic members of Congress saying higher fees would add to inflation.
Champs Sports Opens Homefield Concept In Pembroke Pines
Champs Sports, part of Foot Locker, Inc., will open the brand’s retail concept store, Champs Sports Homefield, in Pembroke Pines, FL, on April 23. The largest of all Foot Locker, Inc. subsidiaries worldwide totals more than 35,000 square feet.
Gregory Appoints General Manager
Gregory promoted John Sears to general manager overseeing global brand strategy and growth.
Rally House To Open In Omaha And Columbus
Rally House announced plans to open new stores in Omaha, NE and Columbus, OH.
USTA Promotes Sherr To CEO And Executive Director
Lew Sherr, the current chief revenue officer of the USTA, has been named USTA chief executive officer and executive director.
ABG Hires Entertainment Exec To Support International Growth
Authentic Brands Group (ABG), announced that sports and broadcast industry leader Kiyoshi Nakamura has joined its efforts in developing new business in the Asia-Pacific and European regions.
REI Increases Investment In Run Category
REI is piloting new store layouts and deepening staff training to support its running departments as part of a bigger investment in the running category.
Anta Sports Sees High-Teens Q1 Growth For Anta Brand
Anta Sports reported retail sales of Anta branded products recorded high-teens positive growth in the first quarter compared to the same period in 2021 while Fila’s retail sales saw mid-single-digit positive growth.
