Nathan Sports To Open Flagship Store In Southern California
Nathan Sports will open its first retail store in Costa Mesa, CA, offering its newly launched apparel and sunglasses collection and running hydration options, including vests, packs, handhelds, and belts. The grand opening begins on April 29.
Higg Raises $50M In Series B Funding Round
Higg Co, the technology company behind the Higg Index platform, announced its $50 million Series B funding round. The funding is co-led by technology growth investor Silversmith Capital Partners, Tom Steyer and Katie Hall’s Galvanize Climate Solutions, along with participation by Series A partners Titan Grove and Buckhill Capital.
Helen Of Troy’s Home And Outdoor Segment Q4 Sales Climb 30 Percent
Helen Of Troy said sales in its Home & Outdoor segment, which includes OXO, Hydro Flask and Osprey, increased 29.8 percent in the fourth quarter ended February 28, to $210.8 million. About half of the percentage increase reflects the acquisition of Osprey.
Puma’s Q1 Boosted By Americas Momentum
Puma reported earnings rose 11.2 percent in the first quarter on a 23.5 percent revenue gain. Currency-neutral growth of 19.7 percent was led by gains of 44.1 percent in the Americas region and 25.5 percent in EMEA that offset declines in Greater China. The company maintained its outlook for the year.
Garmin Sees 9 Percent Growth In First Quarter
Garmin reported sales grew 9 percent in the first quarter ended March 26. Sales gains of 50 percent in its Outdoor segment and 21 percent in its Marine segment offset a decline of 28 percent in its Fitness segment.
Darn Tough Vermont Appoints COO
Darn Tough Vermont announced the promotion of Angelica Taylor to chief operating officer. Taylor is advancing into this role after spending the last year as Darn Tough’s vice president of finance.
Skechers Raises Guidance As Q1 Revenues Jump 27 Percent
Skechers U.S.A., Inc. reported net earnings rose 22.6 percent in the first quarter as sales ran up 26.8 percent, driven by 33 percent wholesale growth. Results topped guidance and Skechers lifted its outlook for the year.
Thule Sees Double-Digit Growth In First Quarter
Thule reported sales grew 19.5 percent in the first quarter and increased 13.4 percent on a currency-neutral basis. The gains were led by 27 percent currency-neutral growth in North America.
Shimano’s Sales Climb 14 Percent In First Quarter
Shimano, Inc. reported sales grew 13.9 percent in the first quarter. Sales grew 13.9 percent in the Bicycle Components segment and 14.1 percent in the Fishing Tackle segment.
Lezyne Restructures Sales And Marketing Team
Lezyne said that after tripling business in the last few years, it is restructuring its global sales and marketing teams.
Altis Closes $10.5 Million Seed Round
Altis, a start-up offering a personal fitness trainer supported by artificial intelligence, announced it has secured over $3 million in financing, bringing its total financing to date to $10.5 million, with additional investments from Mike Capps, former head of gaming titan Epic Games; Bill Flynn, former CEO of Amtrak; and U.S. Olympians JR Celski and Georganne Moline.
Wahoo Acquires RGT Cycling
Wahoo has acquired the virtual cycling platform RGT Cycling, now Wahoo RGT. Terms were not disclosed.
Orva Appoints EVP And Chief Merchandising Officer
Orva, the New York-based digital retail company, announced the appointment of Jeff Espersen in the newly created role of executive vice president and chief merchandising officer. He was general manager and chief merchant at Zappos.
Brooks Takes Top Spot In Performance Running Market
Brooks Running said that in the first quarter, it took the top spot in the U.S. national performance footwear market for the first time, with 22 percent dollar share across all U.S. channels—athletic specialty and sporting goods, mid-tier, premium, and shoe chain.
