KYX World Secures Funding Round
KYX World, a sneaker start-up based in Los Angeles, announced its latest fundraising round led by SeventySix Capital, with further investment coming from other key strategic investors including NBA All-Star DeMar DeRozan and Super Bowl Champion Emmanuel Sanders.
Primary Arms Optics Names Director Of Product Marketing
Primary Arms Optics announced it has hired Stephen Morgan as director of product marketing for all its product categories.
Connected Rowing Machine Upstart Aviron Raises $18.5 Million; Announces COO Hire
Connected rowing machine developer Aviron has raised $18.5 million in a Series A funding round that will allow it to double its workforce over the next 12 months. Aviron also announced the hiring of Amy Curry-Staschke, formerly at Nike, as chief operating officer.
United Wheels And Niner Bikes Adds To Engineering And Design Team
Niner Bikes announced it has hired multiple new staff to its engineering and product teams in Fort Collins, CO. The group will contribute to the product development for Niner, VAAST and other brands within the company’s United Wheels portfolio.
Jones Appoints Marketing Director
Winter apparel, backcountry gear and snowboard brand Jones Snowboards announced it has hired Josh Nielsen as Marketing Director.
Therabody To Open Wellness Centers And Stores
Therabody, the maker of vibrating massage guns, expects to have 22 physical locations opened by July 2022 with additional Reset and retail locations in the planning stages, which it aims to open later this year.
Frasers Group Acquires Studio Retail
Frasers Group has bought online retailer Studio Retail out of administration, the U.K equivalent of bankruptcy proceedings, for £26.8 million ($36M).
REI To Open In Gretna, Nebraska
REI Co-op will open its first Nebraska store in Gretna in fall 2022.
IHRSA 2022 To Take Place In Miami Beach
IHRSA’s 41st International Convention & Trade Show (IHRSA 2022) is set to take place from June 22-24, 2022, in Miami Beach, FL, at the Miami Beach Convention Center.
U.S. Golf Rounds Played Drop In January
According to Golf Datatech, U.S. rounds of golf played fell 12.2 percent in January compared to January 2021.
The Buckle Announces Leadership Appointments And Changes To Executive Team
The Buckle, Inc. announced eight leadership appointments to Vice President for the company and changes to its executive leadership team, effective immediately.
Fox Factory’s Q4 Sales Climb 31 Percent
Fox Factory Holding Corp. reported adjusted earnings rose 17.3 percent in the fourth quarter on a 30.5 percent revenue gain. This increase reflects a 46.7 percent increase in Specialty Sports Group sales and a 18.6 percent increase in Powered Vehicles Group sales.
Foot Locker Forecasts Steep Comp Decline In 2022 As It Reduces Sales From Nike
Foot Locker Inc. reported fourth-quarter earnings exceeded Wall Street targets but guided 2022 revenues well below Wall Street targets as it expects to reduce sales from Nike Inc. to below 55 percent of its mix by the fourth quarter of 2022 from about 65 percent in the 2021 fourth quarter. As a result, same-store sales in 2022 are expected to decline 8 percent to 10 percent.
Nike Appoints New SNKRS VP
Nike has named Lucy Rouse as its VP/GM overseeing SNKRS, Nike’s marquee app for releases and content, according to an internal e-mail obtained by Complex.
ABG Inks Deal To Co-Own And Manage David Beckham’s Brand
Authentic Brands Group (ABG) entered into a deal to co-own and manage David Beckham’s global brand. The terms of the deal, which makes Beckham a shareholder of ABG, were not disclosed.
