Birkenstock’s Revenues Climb 21 Percent in Fiscal Nine Months
Birkenstock’s revenues grew 21 percent in its fiscal nine months ended June 30 due to broad-based growth across regions and channels, according to an updated regulatory filing tied to its initial public offering.
Report: Nearly 10 Percent of U.S. Population Participated in Winter Sports Last Season
This year’s look at the 2022-23 season from SIA shows unequivocally the growth of winter sports participation with people aged six and older, including an increase in absolute numbers across all race/ethnicity groups, revealing that 29.9 million people.
Gildan Achieves ISO 45001 Certification in Two D.R. Sewing Factories
The company reported that the San Pedro de Macoris and Las Americas sewing factories in the Dominican Republic became the company’s first ISO 45001 certified plants, marking an important milestone in the organization’s safety strategy.
Mavic Opens New U.S. Sales Support and Service Center
French bicycle wheel and equipment manufacturer Mavic opened an office in Waterbury, VT, to support sales and service in North America.
LA Fitness Co-founder Louis Welch Passes Away
Fitness International, LLC, the parent company of LA Fitness, announces that its co-founder, president, and co-CEO, Louis Welch, passed away after a two-year battle with cancer.
Spartan Race Acquires OCR World Championships
Spartan Race, the obstacle course racing (OCR) organization, announced the acquisition of the Obstacle Course Racing World Championships (OCRWC).
Kith To Open First Store in Toronto
Kith will officially open its first store in Toronto, and its first in Canada, on September 22.
Report: Wearables Bounce Back with 8.5 Percent Growth in Second Quarter
Global shipments for wearable devices returned to growth in the second quarter of 2023 reversing two quarters of decline, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
Smith & Wesson Sets Stock Repurchase Program
Smith & Wesson Brands, Inc. announced that its Board of Directors has authorized the repurchase of up to $50 million of the company’s common stock through September 19, 2024.
Stöckli USA Appoints New NSM for U.S. and Race & Promotions Manager for NA
The company hired Justin Heanue as its new national sales manager for the U.S. market, and Max Wingard as its new North American race and promotions manager
Allbirds Completes International Distributor Deals
Allbirds, Inc. completed its previously announced agreement with distributor partners in Canada and South Korea. In-Sport Fashions, Inc. is now the brand’s exclusive Canadian distributor and EFG Corp. is its exclusive distributor in South Korea.
Saks Survey Indicates Early Signs of Luxury Spending Rebound
Saks’ latest Saks Luxury Pulse survey, fielded in late July, found that 58 percent of luxury consumers plan to spend the same or more on luxury in the next three months. This is an increase from 53 percent in the prior Saks Luxury Pulse fielded in late April, and represents the first increase in luxury spending plans since the survey began tracking this in May 2022.
Garmin Completes Acquisition of JL Audio
Garmin, Ltd. completed the acquisition of JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home, and RV customers.
Five Below Adds Genesco’s CEO to Board
Five Below, Inc. appointed Mimi Vaughn, currently president, chief executive officer and chair of the Board of Genesco Inc., as an independent member of its Board of Directors.
Mastercard: U.S. Holiday Retail Sales Expected to Grow 3.7 Percent
Mastercard SpendingPulse said sales are expected to rise 6.7 percent online and 2.9 in-store for the period November 1 through December 24, with the biggest gain iexpected to come in electronics with a 6 percent increase.
