Freeride Skiing and Snowboarding Recognized as an Official Discipline by FIS
The International Ski & Snowboard Federation (FIS) has recognized Freeride Skiing and Snowboarding as an official discipline. The decision was made on June 5, 2024 during the FIS General Assembly held in Reykjavik, Iceland.
Adidas Yeezy and Fear of God Top Brands Flagged in StockX Verification Process
According to the data, the No. 1 reason StockX rejects products during its verification process is signs of previous wear (29 percent), with suspected fakes (19 percent) being the second most cited reason for failure.
Game-Set-Match to Open Second Tennis + Pickleball Store in Vegas
Plans for the new store include a soft opening in the Fall of 2024, pending store construction timing, with a full-scale grand opening in the Spring of 2025. The new store will be located at 2273 N. Green Valley Parkway, in Henderson, NV.
Cinelli Appoints New Australian Distributor
Cinelli inked a new partnership with La Dolce Velo, appointing the company as the exclusive distributor of Cinelli bikes, frames, components, apparel, and accessories in Australia.
Lands’ End Sees 2023 Momentum Continuing into Q1 as GMV Rises
Net revenue decreased 7.8 percent for the first quarter to $285.5 million. Global eCommerce Net revenue was $195.5 million, a decrease of 3.7 percent year-over-year. Gross Merchandise Value (GMV) increased by low single digits compared to the first quarter of 2023.
The Buckle Posts 7.6 Percent Comp Sales Decline for May
Net sales for the 4-week fiscal month ended June 1, 2024 decreased 8.2 percent to $82.0 million from net sales of $89.3 million for the prior-year fiscal month in 2023.
G-III Apparel Invests in Iberian Agent for DKNY, Donna Karan and Karl Lagerfeld
The move is said to accelerate the international expansion of G-III’s owned brands through a partnership with All We Wear Group (AWWG), for an ownership stake of approximately 12 percent.
G-III Apparel Group Sees Flattish Q1 Sales; Updates Fiscal 2025 Outlook
Performance was said to be driven by double-digit increases in DKNY and Karl Lagerfeld, along with a successful relaunch of Donna Karan, reflecting the company’s commitment to investing in its owned brands.
Lululemon Beats Q1 Sales and Earning Estimates; Shares Jump Double Digits
The company delivered first quarter EPS of $2.54 per share, beating Street estimates by 12 cents a share. Revenue amounted to $2.21B, outpaced the estimates. Revenue grew 11 percent year-over-year in constant-dollar terms. .
Echelon Fitness Acquires Advanced Recovery Company ThriveX
The maker of at-home exercise equipment for the global fitness, wellness and sports market, acquired ThriveX, the manufacturer of recovery products, including cold immersion systems, smart hybrid saunas and compression boots.
Thor Industries Sees Sales Declines Moderate in Fiscal Third Quarter
Independent dealers reportedly experienced increased retail activity during the spring selling season, but conversion to sales was said to remain difficult in light of the economic pressures on retail buyers.
HanesBrands Formally Inks Deal to Sell Champion to Authentic Brands Group
The transaction value is pegged at $1.2 billion, with the potential to reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement of performance thresholds. Authentic said it intends to manage the Champion brand through a licensing model.
International Sports Brands to Represent Rapid Air Worx AirForce Airguns in UK
With this partnership, AirForce and Rapid Air Worx, headquartered in Fort Worth, TX, will expand its with shooting enthusiasts across the UK and Europe.
NSSF: May Adjusted NICS Background Checks Decline 7.2 Percent
The unadjusted May 2024 FBI NICS figure of 2,000,505 reflects a 14.6 percent decrease from the unadjusted FBI NICS figure of 2,343,850 in May 2023.
Hibbett Posts Q1 Sales Comps and Earnings Decline on Path to JD Sports Acquisition
Comparable sales decreased 5.8 percent versus the prior-year Q1 period. Brick & mortar comparable sales declined 5.8 percent while e-commerce sales also decreased 5.8 percent on a year-over-year basis.
