Peloton Loses Lululemon Infringement Lawsuit
According to Reuters, a U.S. judge today dismissed Peloton’s lawsuit seeking a declaration that it did not infringe Lululemon’s patents in developing its apparel line.
Signa Sports United Hired Managing Director, Tennis-Point Berlin
Signa Sports United hired Stefan Salzer as managing director Tennis-Point Berlin, a German company specializing in selling tennis and running equipment.
Asolo Adds Sales Representation In Eastern Great Lakes
Asolo USA hired Tom Lawrence of Surrounded By Lakes, LLC to represent Asolo Footwear for the Eastern Great Lakes, which includes Michigan, Ohio, Indiana, and Kentucky.
Nike’s Q1 Tops Wall Street Targets
Nike, Inc. reported sales grew 4 percent on a reported basis and 10 percent on a currency-neutral basis in the first quarter ending August 31.
Toms Hires COO And CFO
Dorothy Sadd was hired as Tom’s global COO and CFO. Most recently, Sadd was CFO and COO at omnichannel fashion brand Unique Vintage.
Amazon Increases Wages For Warehouse And Delivery Workers
Amazon said it would invest $1 billion over the next year to increase the salaries of its “frontline workers” and introduce a perk that gives them access to a portion of their paycheck before payday.
Peloton Inks Deal With Dick’s To Sell Branded Fitness Equipment
Peloton Interactive, Inc. entered into a partnership with Dick’s Sporting Goods to sell its treadmills, exercise bikes and other Peloton-branded fitness accessories in retail stores. DKS is the only brick-and-mortar retailer outside Peloton’s sales channels to sell its fitness equipment.
Johnson Outdoors’ Board Approves Quarterly Cash Dividend Increase
Johnson Outdoors, Inc.’s Board of Directors approved an increased quarterly cash dividend. Class A shareholders will receive a 31 cents dividend per share and Class B shareholders a 28 cents dividend per share.
Vans Hires Global Chief Product And Merchandising Officer
Vans hired Marissa Pardini, vice president and general manager of The North Face Americas region, as chief product and merchandising officer for global Vans.
Brand Velocity Group Acquires Score Sports
Brand Velocity Group announced its acquisition of Score Sports, a designer, manufacturer and seller of youth team sports uniforms and equipment. The terms of the transaction were not disclosed.
Vuori Launches In Asia, Mexico And The Middle East
Vuori continues its global rollout that started this year, entering China, Hong Kong, Singapore, the Middle East, and Mexico through branded e-commerce stores in those countries except China. Vuori, for now, is available exclusively through Tmall, China’s direct-to-consumer website.
Templar Knife Hires Proactive East Sales And Marketing Agency
Templar Knife announced it hired Proactive East Sales and Marketing as the sales agency of record for the Northeast territories.
for the New England states and Eastern seaboard.
Vail Resort’s Strong Recovery In Fiscal 2023
Vail Resorts, Inc. reported results for its fourth quarter and fiscal year ended July 31 outperformed results from the prior year primarily due to the impact of COVID-19 and related limitations and restrictions on results for the previous year. Season-to-date season pass sales are ahead 7 percent, and the company provided a favorable outlook for its current fiscal yea
Dunham’s Expands Into Arkansas With First Retail Store
Dunham’s Sports continues to move forward with its accelerated growth strategy.
Lululemon Hires New Senior VP EMEA Region
Lululemon announced it hired Sarah Clark as VP of EMEA to lead the company as it “continues to grow and deliver on its next chapter of international expansion.”
