Brand Finance Ranking Report: Nike Retains Top Spot As Most Valuable Brand
As a result of increased consumer demand for sportswear due to the pandemic, brands in the sector achieved significant value growth over the last year, according to the just-released Brand Finance Apparel 50 Report. Nike retains the top spot as the most valuable brand in the ranking since the rankings were instituted. Skechers and Li Ning were also among those growing significantly in value.
Frasers Group Appoints Managing Director, Cycling
Frasers Group plc announced the appointment of Russell Merry as managing director for cycling. The group currently operates from over 70 Evans Cycles stores and retails a collection of cycling specialty products across its Group portfolio, which spans 22 countries and over 500 stores.
Pacsun Launches Resale Platform
Pacsun has launched “Pre-Loved Pac,” enabling customers to buy and sell pre-owned items for Pacsun credit and shop pre-owned directly through the Pacsun website.
Domain Outdoor Appoints Sales And Marketing Manager
Domain Outdoor announced the appointment of Riley Arnold as its new sales and marketing manager.
Flexia Raises $4 Million In Funding Round
Flexia, the at-home Pilates start-up, announced a $4 million seed round led by ADvantage, an early stage VC fund investing in tech companies involved in sports, fitness, health and gaming. Other strategic investors in the round include Phoenix Capital Ventures, Techstars, and Calm Ventures.
Farfetch Invests In Neiman Marcus
Farfetch, an online retailer of luxury fashion products, is taking a stake in Neiman Marcus Group as part of a broader strategic partnership that will see Bergdorf Goodman and Neiman Marcus join the Farfetch platform.
Lululemon Makes Executive Appointments
Lululemon has hired Simon Atkins, who formerly led basketball at Adidas, as SVP of footwear and Phil Dickinson, a Nike veteran, as SVP, global creative director. Both report to Sun Choe, chief product officer.
Hypebeast To List On NASDAQ Through SPAC Merger
Hypebeast, the digital media and e-commerce company with a focus on streetwear, plans to list its shares on Nasdaq through a merger with Iron Spark I Inc. The firm also indicated former Nike brand president Trevor Edwards will join its board.
NFHS Partners With American Youth Football
American Youth Football, Inc. (AYF), a national youth partner of the National Football League, will require all of its 50,000-plus coaches on its regional/national track to take the new, free “Football Tackling” course introduced on the National Federation of State High School Associations (NFHS) Learning Center last month.
Dunlop Golf Brands Rebrands in North America
In a global alignment strategy, the sports business for Sumitomo Rubber Industries, Ltd. (SRI) will be affiliated under the Dunlop brand umbrella. Currently operating as Srixon/Cleveland Golf/XXIO, SRI’s North American sales company Roger Cleveland Golf Company, Inc. (RCGC), will now be doing business as Dunlop Sports Americas.
NICS Firearms Background Checks Fall Off In March
The March 2022 NSSF-adjusted National Instant Criminal Background Check System (NICS) slipped 18.3 percent to 2.04 million compared to the March 2021 NSSF-adjusted NICS figure of 3.01 million.
Burlington Stores’ CFO To Retire
Burlington Stores Inc. announced that John Crimmins woulf retire from his position as chief financial officer on August 31, 2022, or the date his successor commences employment.
Xponential Fitness Announces Secondary Stock Offering
Xponential Fitness, Inc. announced the commencement of an underwritten public offering of 4.5 million shares of the company’s Class A common stock by certain of the c existing stockholders, affiliates of Snapdragon Capital Partners.
Former Whoop And Fitbit Executives Join CONNEQT
CardieX Limited announced the addition of Jack Seitz and Lara Rosenbaum to the executive team of CardieX’s subsidiary, CONNEQT, a new consumer health company focused on home vital signs monitors, wearables and consumer health apps.
Primary Weapons Systems Acquired By Vigilant Gear Holdings
Vigilant Gear Holdings has completed the acquisition of Primary Weapons Systems.
