Rising Racquet Prices Help Tennis Sustain Momentum
Total wholesale racquet unit sales into the US market* grew by over 11 percent in the first three months of the year compared to Q1 2021, according to a report from Sports Marketing Surveys. This marks the largest Q1 total since 2010.
Aqualung Group Appoints Chairman
Aqualung Group, the manufacturer of dive and water sports gear, said Bruno Cercley will take over as chairman of its supervisory board, effective July 1. Cercley guided the turnaround of Rossignol as its CEO from 2008 until his retirement in 2021.
Fanatics Extends Contract With Aston Villa FC
Fanatics extended its e-commerce, retail and manufacturing partnership with Premier League soccer club Aston Villa FC.
Stitch Fix To Layoff Employees
Stitch Fix said it plans to reduce its workforce by approximately 15 percent of salaried positions while reporting an 8 percent decline in third quarter ended April 30.
New Balance Sues Steve Madden For Copyright Infringement
New Balance has sued Steve Madden for allegedly infringing on the copyrights of its 327 model sneaker.
Adobe Sees Inflationary Pricing Online Slowing
Adobe announced that according to its Adobe Digital Price Index (DPI), online prices in May increased 2 percent year-over-year (YoY) — down from 2.9 percent YoY in April and the record 3.6 percent YoY increase in March, while decreasing 0.7 percent month-over-month (MoM).
Vail Resorts Reports Healthy Pass Product Sales For Upcoming North American Ski Season
Vail Resorts, Inc. significantly outperformed results from the prior year in its third quarter ended April 30 primarily due to the greater impact of COVID-19 in the year-ago quarter. Pass product sales through May 31, 2022 for the upcoming 2022/2023 North American ski season increased approximately 9 percent in units and approximately 11 percent in sales dollars.
Recall: Nautilus Treadmills
About 7,300 Nautilus treadmills are being recalled. The treadmills can start on their own, posing a fall hazard to a user.
NRF Calls On Biden Administration To Eliminate China Tariffs To Ease Inflation
The National Retail Federation announced it is launching the second phase of a seven-figure advocacy campaign with broadcast, digital and out-of-home advertising, urging the Biden administration to repeal tariffs on goods from China to lower costs for businesses and consumers who are being severely impacted by inflation.
Gap, Inc. Launches New Credit Card Program
Gap Inc. launched a new suite of credit cards with Barclays US Consumer Bank to support its Old Navy, Gap, Banana Republic and Athleta banners.
Amazon Fashion Introduces Virtual Try-On For Shoes
Amazon Fashion announced the launch of Virtual Try-On for Shoes, an interactive mobile experience that uses augmented reality to help customers visualize how a pair of shoes will look on their feet.
Fanatics Collectibles and Topps Announce College Trading Cards Program
Fanatics Collectibles, the trading cards and collectibles division of Fanatics and Topps announced a comprehensive, officially licensed college student-athlete trading cards program.
Public Lands To Open Four More Locations
Public Lands, Dick’s Sporting Goods’ outdoor-themed concept, plans to open four stores in Framingham, MA; Huntington, NY; Kennesaw, GA; and Medford, OR.
Decathlon Expands U.S. Distribution Channels To Third-Party Retailers
Decathlon announced plans to expand distribution to outdoor, sporting goods and retail stores across the United States. The announcement comes as it attends the Outdoor Retailer trade show in Denver, CO for the first time this week.
Apparel Impact Institute Announces Lead Funders For $250M Fashion Climate Fund
Apparel Impact Institute (Aii) announced that Lululemon and H&M are the lead funders in its $250 million Fashion Climate Fund.
