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.
Poler Stuff Appoints First Vice Presidents
Poler Stuff announced the appointment of its first vice president titles to Kharma Vella as VP of product & marketing and MJ Ko as VP of sales & operations.
The Running Event Delivers Mentorship Opportunities For Specialty Retailers
The Running Event announced new opportunities for specialty retail professionals leading up to #TRE22 this November 22 through December 1 in Austin, TX.
Sportfishing Leaders Oppose Proposed Lead Fishing Tackle Restrictions
In response to a U.S. Fish & Wildlife Service draft rule prohibiting the use of lead fishing tackle on certain National Wildlife Refuges, the American Sportfishing Association sent a letter to the USFWS Director urging the agency to reconsider the proposal.
Club Pilates Secures UK Master Franchise Agreement
Club Pilates, owned by Xponential Fitness, announced it had signed a Master Franchise Agreement in the UK, including England, Scotland, Wales, and Northern Ireland.
