Endurance Zone Receives Investment From Worldpay Co-Founder
Endurance Zone, a technology platform that rewards consumers for being active, has secured funding from serial entrepreneur and investor David Sear.
Alchemy Bikes Moves Headquarters
Alchemy Bikes, the direct-from-fabricator-to-rider business, has relocated its U.S. operations to Golden, CO.
Report: Tonal Undergoes Layoffs
Tonal, the connected fitness manufacturer, is laying off about 35 percent of its 750-person workforce, according to a report from CNBC.
Walmart U.S. Apparel GMM To Retire
Deanah Baker, senior vice president of apparel for adults, kids, baby, and shoes, is retiring from Walmart after 32 years with the retailer.
Saks’ Survey Finds Luxury Spending Remains Healthy
Saks released its Luxury Pulse survey. The data shows that higher-income consumers who shop luxury retail have continued spending, including indulging themselves through fashion and vacation purchases. Additionally, higher-income consumers prioritize health and wellness and complement their lifestyle with luxury self-care, fitness and home products.
YouFit Gyms Named Official Gym Of University Of Miami Athletics
YouFit Gyms, the nationwide fitness chain, announced a partnership with the University of Miami Athletics as the Official Gym of the Miami Hurricanes.
Pradco Outdoor Brands Appoints Director Of Mergers And Acquisitions
Pradco Outdoor Brands announced the appointment of Brett Basik as director of mergers and acquisitions, leading its efforts to acquire new brands and develop new partnerships.
KMD Brands Sees 4 Percent Revenue Growth In Fiscal Year
KMD Brands, the parent of Kathmandu, Rip Curl and Oboz, said it expects total sales for the year ending July 31 to be in the range of $955 million to $965 million, representing a gain of 4 percent compared with $922.8 million a year ago.
Play It Again Sports’ Parent Shows Profit Improvement In Q2
Winmark Corporation, the parent of Play It Again Sports, announced net income for the quarter ended June 25, 2022 of $9.03 million, or $2.54 per share, compared to net income of $8.94 million, or $2.33, in 2021.
Compass Diversified Completes Acquisition Of PrimaLoft
Compass Diversified announced the completion of the company’s previously announced acquisition of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft.
Fanatics To Expand Nike Partnership Around Colleges
Fanatics is entering into a long-term partnership with Nike to manufacture college sports fan apparel. Starting mid-2024, Fanatics will begin manufacturing most of Nike’s fan apparel for many of its more prominent college partners.
Crocs Secures Judgment Of Infringement Against USA Dawgs And Double Diamond Distribution
Crocs, Inc. announced a judgment of infringement against USA Dawgs and Double Diamond Distribution due to both companies’ alleged sales of copycat Crocs shoes. In addition, Crocs also obtained $6 million and $55,000 in damages, respectively, against the companies.
Columbia Sportswear Appoints Board Member
Columbia Sportswear Company announced that its board of directors appointed Christiana Smith Shi as a director and member of its Audit Committee.
Elevate Outdoor Collective Resets Global Sales Structure
Elevate Outdoor Collective, headquartered in Seattle, WA announced a shift in its global sales team structure with a focus on amplifying independent brand growth.
Yue Yuen’s Sales Climb 6 Percent In June
Yue Yuen Industrial Limited reported net consolidated operating revenue reached $834.6 million in June, representing a gain of 5.9 percent year-over-year. Sales in its manufacturing business were up 18.7 percent while sales at Pou Sheng, its retail subsidiary in China, were down 14.7 percent.
