Sneaker Prices Reach Highest Levels This Decade
Average sneaker prices in March 2023 rose to record levels in the U.S. by 12.3 percent since 2020 but followed closely by deepening retail discounts, according to the USA Sneaker Market Index compiled by Centric Pricing*.
Nocs Provisions Hires VP Of Global Sales
Nocs Provisions hired Nicole Chabot for the newly created role of vice president of global sales.
Authentic Brands Group Signs Agreement To Acquire Quicksilver, Billabong, DC Parent
After months of speculation in the active lifestyle market about a pending deal in the beach/skate lifestyle space, Authentic Brands Group reported it signed an agreement to purchase Boardriders, the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper, and Honolua. On March 31, Authentic said it entered a period of exclusivity and made a binding offer to purchase Boardriders.
CSGA Names New President And CEO
The Canadian Sporting Goods Association (CSGA) hired Bryan Loucks as president and chief executive officer, timed with the Association having completed improvements to its operational platform to increase membership value.
Wahoo Fitness’ Debt Ratings Lowered By Moody’s
Moody’s Investors Service downgraded the debt ratings of Wahoo Fitness to reflect Wahoo’s missed debt service payment due 31 March 2023 and the expiration of the applicable grace period. S&P lowered Wahoo’s debt ratings earlier this month.
Allbirds To Open First Store In Connecticut
Allbirds reported it plans to open its first store in Greenwich, CN, this May. The 3,000-square-foot space at 340 Greenwich Avenue will “amplify” the Allbirds customer experience.
Tonal Completes $130 Million Funding Round, Appoints New CEO
Strength and personal training platform Tonal, founded in 2015, completed its latest funding round, raising $130 million through existing investors led by L Catterton, Cobalt, Dragoneer, Kindred Ventures, and THVC.
What The Fin Apparel Builds Out Executive Team
What The Fin Apparel, a lifestyle surf brand headquartered in Greenville, SC, hired Marcella Franseen as director of operations and Dalton Coker as chief of staff while announcing two promotions.
Camping World To Acquire Travel Land RV Center In Michigan
Camping World Holdings, Inc. reported it would acquire Travel Land RV Center in Houghton Lake, MI, expected to close in the second quarter of 2023.
Amazon To Charge Fee For Returns Made At UPS
According to a published report in The Information, Amazon will charge a fee for customer returns made at UPS stores if return options at Whole Foods, Kohl’s or Amazon Fresh locations are closer or just as far as a UPS store return location.
Nordstrom To Open Rack Store In Elk Grove, CA
Nordstrom, Inc. reported it plans to open a new Nordstrom Rack store in Elk Grove, CA, in spring 2024.
BSN Sports Revenues Reached $1.5 billion In 2022, Poised For Growth
In a recent interview, BSN Sports President and COO Terry Babilla shared that the team sports retailer ended 2022 with $1.5 billion in annual sales, with an ongoing digital transformation expected to fuel growth in the years ahead.
Report: Year-Over-Year Online Prices Fell Again In March But Apparel Shows Increases
Adobe is reporting that online prices in March 2023, as tracked via the Adobe Digital Price Index (DPI), powered by Adobe Analytics, fell 1.7 percent year-over-year (YoY), marking the seventh consecutive month of YoY price decreases.
Feelfree US Expands With West Coast Distribution Center
Feelfree US, LLC opened a new regional distribution center in Diamond Springs, CA, to meet consumer demand in the West Coast region.
Revel Bikes Names New President And COO
Based in Carbondale, CO, Revel Bikes hired Ben Coates as president and chief operating officer. Coates brings over 15 years of experience in the cycling industry to Revel, having previously served as a director for both POC and Trek.
