Bryant Estate Reaches New Deal With Nike On Kobe Bryant Shoes
Kobe Bryant’s estate has reached a new long-term contract with Nike to continue producing both footwear and apparel from Bryant’s Zoom Kobe series, Nike and Vanessa Bryant announced.
New Balance Opens Factory In Methuen, MA Producing MADE 990v5 Running Shoe
New Balance opened an 80,000-square-foot footwear factory in Methuen, MA, after undergoing a $20 million renovation. The factory began production in January 2022, signaling its commitment to U.S. manufacturing.
Volvik USA Names New President
Volvik USA, Inc., the golf ball manufacturer, named Young S. Shin president, following the death of his son, Don Shin, who had been president and CEO since the company was founded in 2012.
Title Boxing Club Restarts Franchise Growth
One year after being acquired by BoxUnion, Title Boxing Club is relaunching its franchise expansion with plans to open more than 300 clubs by 2025 in the U.S.
MonkeySports Introduces Trade-In Program
MonkeySports, an online retailer of hockey, baseball and lacrosse equipment in North America and Europe, is offering a trade-in program powered by SidelineSwap’s Recommerce Platform.
TUT Fitness Group To Expand Sales To Asia
For its Hong Kong and Singapore markets, TUT Fitness Group, Inc. signed an exclusive distribution agreement with Eco Lifestyle Fitness Pte, Ltd (ELF), an Asian Fitness Equipment distributor.
361° Sales Advance 16 Percent In 2021
361 Degrees reported profits rose 45.0 percent in the year ended December 31 as revenue increased by 15.7 percent.
True Fitness Announces Leadership Changes
True Fitness announced several new hires to its sales and marketing team, including David Trulaske, Marshall Hansen, John Talley and Dean Bowrosen, effective immediately.
Adidas To Create NIL Network
Adidas announced that it would create a name, image and likeness (NIL) network for up to 50,000 college athletes to become paid endorsers for the brand.
Anta Sports’ Sales Grew 39 Percent In 2021
Anta Sports reported sales for the year ended December 31 vaulted 38.9 percent to RMB49.32 billion ($7.74 bn). Sales for Amer Sports were up 18.1 percent.
Sacks Parente Golf To Open Shaft Manufacturing Facility In Missouri
Sacks Parente Golf, a specialist in putters based in Camarillo, CA, announced plans to open a golf shaft manufacturing and design facility in St. Joseph, MO.
Tennis Sees Significant Growth In 2021 Participation And Equipment Sales
The USTA announced that tennis showed significant growth in participation and equipment sales in 2021, marking the second year for the trend.
Fila Group’s Sales Expand 8 Percent In Fourth Quarter
Korea-based Fila Group reported sales grew 7.9 percent in the fourth quarter and 21.3 percent in the full year. At Fila USA, sales were down 8.7 percent in the fourth quarter but grew 11.5 percent for 2021.
Macy’s Expands Backstage Store-Within-Store Concept
Macy’s announced plans to expand its store-within-store Backstage locations across the U.S. beginning April 9 through June 2022 with 37 new locations nationwide.
Nike’s Q3 Tops Wall Street’s Targets On Digital Momentum
Nike, Inc. reported earnings topped Wall Street’s targets by 15 cents in the fiscal third quarter ended February 28 with sales also slightly ahead of estimates. Sales grew 8 percent on a currency-neutral basis, led by a 17 percent gain in DTC and a 22 percent gain in digital. Double-digit digital growth in North America, APLA and EMEA offset declines in Greater China.
