Signa Sports’ Fiscal Q2 Revenues Slide 24 Percent
Signa Sports United N.V. (SSU) reported a wider operating loss in the fiscal second quarter ended March 31 as sales dropped 23.5 percent. The Berlin-based owner of numerous e-commerce sites focused on tennis, outdoor, and team sports said the results reflect continued weak demand versus pre-pandemic levels and “severely elevated” inventories across the marketplace.
Fanatics Bests DraftKings In Bid For PointsBet’s U.S. Operations
Sports-betting company DraftKings, Inc. is no longer pursuing the acquisition of the U.S. business of PointsBet Holdings, Ltd. The move comes after Fanatics upped its bid for the Australia-based PointsBet’s U.S. business.
Report: Younger Consumers Trading Handbags For Totes, Waist Packs And Backpacks
The $8.8 billion handbag market in the U.S. faces a generational dilemma—younger women are less likely than the older demographic to buy and carry a handbag. Although 18- to 34-year-olds accounted for a decline in the overall handbag market over the past year, sales in totes and shoppers were up 11 percent—fanny, waist and chest packs increased 56 percent.
Nextorch Industries Hires VP Sales & Marketing
Nextorch Industries hired Jordan Brothers as vice president of sales and marketing for North America, overseeing all marketing functions.
REI Names Controller And VP Of Distribution And Fulfillment Operations
REI Co-op promoted Michelle Kirkpatrick to vice president, controller and Ruchi Christensen to vice president of distribution and fulfillment operations.
Vans Names Global Chief Marketing Officer
Vans announced that Drieke Leenknegt had joined the company as global chief marketing officer, effective July 5. Leenknegt joins Vans from its sister brand, Timberland, where she served as its global chief marketing officer.
U.S. Consumer Confidence Reaches 17-Month High
The Conference Board’s Consumer Confidence Index hit 109.7 in June, reaching a 17-month high and topping expectations, marking the highest monthly reading since January 2022 and a pickup from 102.5 in May.
Reima North America Hires Wholesale Experience Manager
Reima North America hired Kelly Buck as the company’s wholesale experience manager. Reima said this strategic addition to the team is a testament to its commitment to delivering excellent service and expertise to its valued wholesale customers.
TRX Acquires Australian Fitness Equipment Company
TRX announced it acquired YBell, an Australian fitness equipment company, and said the strategic acquisition enhances its patented product offering and training solutions.
Golf Rounds Played Surge In May
Rounds of golf played in May jumped by 10.0 percent on a national level year-over-year and are now running up 5.5 percent for the first five months of 2023, according to Golf Datatech.
Teton Gravity Research To Open Boulder Flagship
Teton Gravity Research (TGR) announced it is opening a flagship store in downtown Boulder, CO, on June 30, in the Pearl Street Mall at 1420 Pearl Street, selling its lifestyle apparel and optics.
SportsShoes.com’s Q1 Sales Climb 20 Percent
U.K.-based SportsShoes.com reported revenues increased 20 percent in the first quarter ended May 31 to £83.8 million ($107 mm).
Report: Asics Cutting Ties with Smaller U.K. Specialty Retailers
Independent sports retailers in the U.K. are reportedly reeling from a move Asics Corp. is making to narrow its distribution in the region. In a recent article published by The Guardian, Asics was said to be “cutting off supply to hundreds of small U.K. outlets…”
Columbia Sportswear Sues Softstar Shoes Over Use Of Omniflex Name
Columbia Sportswear filed a federal lawsuit alleging trademark infringement against Softstar Shoes, the minimalist footwear brand based in Philomath, OR, over its use of the Omniflex name.
OrthoLite Names General Manager Of India
OrthoLite hired Vikash Bajargyan as the general manager of OrthoLite India to include leading manufacturing and business development, establishing and managing relationships with brands and Tier 1 factory partners.
