Report: Luggage And Travel Accessories Sales Grew 16 Percent In 2022
As travel resumed in 2022 following the pandemic, the travel accessories market grew in the U.S. by 16 percent, year-over-year, generating $7.6 billion in sales, according to The NPD Group.
Adidas Hires VP Of Basketball Footwear
Adidas hired Nathan VanHook as VP of design for its basketball division.
Strava Seeks New CEO As Horvath Steps Aside Again
Strava is looking for a new CEO after Co-Founder and CEO Michael Horvath called it quits, again. This is the second time for Horvath after walking away as CEO in 2013 for family reasons before returning to lead the company six years later.
OIA Climate Action Corps Releases Study On Decarbonizing Textiles Sector
Burton, New Balance, Patagonia, REI Co-op, and Gore’s Fabrics Division, five members of OIA Climate Action Corps., and OIA have released the results of a joint-commissioned study regarding the feasibility of electrifying the textile and apparel industry.
Under Armour Debt Rating Outlook Lowered
S&P Global Ratings revised its outlook on the debt ratings of Under Armour to stable from positive as the company’s operating performance has weakened, leading S&P to expect soft demand and margin pressure to last longer than previously anticipated.
Rocky Brands Names CFO
Rocky Brands, Inc. hired Sarah O’Connor as senior vice president, chief financial officer and treasurer. O’Connor brings more than 15 years of corporate finance experience to the role, including working with public retail and manufacturing organizations.
CRKT And Hogue Partner On U.S. Knife Manufacturing
Columbia River Knife & Tool and Hogue Knives, a U.S.-manufacturer of precision-built knives, inked a partnership around the next generation of CRKT knives.
Rocky Brands Enters Accessories License With Status Accessories
Rocky Brands, Inc. entered into a license agreement with Status Accessories to design and distribute belts and wallets under the Durango and Rocky Boots brands.
Fitbench Adds Two Key Hires To Sales Team
Fitbench added two sales leaders to its team—Mike Meluch, director of sales and national accounts, and Matt Hennessey, national dealer sales manager responsible for commercial and consumer sales.
EBay Acquires 3PM Shield
EBay, Inc. acquired 3PM Shield, LLC, a provider of AI-based marketplace compliance solutions to improve eBay’s monitoring solutions with new technologies preventing the sale of counterfeit merchandise, unsafe products and illegal products.
Report: Online Prices Fall For Fifth Consecutive Month
According to data from Adobe’s Digital Price Index, online prices in January 2023 fell 1 percent year-over-year, the fifth consecutive month of year-over-year declines. Half of the 18 categories tracked by Adobe saw falling prices year-over-year.
Thule Posts Q4 Loss Amid Sales Slump
Thule Group reported a loss in the fourth quarter amid eroding margins and a sales drop of 21.0 percent on a currency-neutral basis.
Esprit To Open New York HQ Amid Relaunch
Esprit will open its global creative headquarters in New York City to support the company’s planned relaunch in 2023.
Alo Yoga Opens Virtual Store
Alo Yoga opened a virtual store offering digital styling services where customers can browse the brand’s collections, customize outfits and view selected videos from the company’s Moves workout platform.
Dick’s House Of Sport To Open In Scranton
Dick’s Sporting Goods and Field & Stream store in the Viewmont Mall in Scranton, PA, closed its doors with plans to convert the space to a Dick’s House Of Sport.
