SGB Update Sports & Fitness
Alo Yoga Opens at Hudson Yards
Alo Yoga opened a store at Hudson Yards, its sixth in New York City and 59th in the U.S. The company reported plans earlier this year to open over 100 stores by 2024, including its first stores in London and Paris.
Accell Group Appoints New CEO and New Chair of Supervisory Board
The company appointed Tjeerd Jegen as CEO and chair of the Management Board, effective November 1, and has also appointed former Adidas CEO Kasper Rørsted as chair of the Supervisory Board, effective October 1.
Hoka Opens First London Flagship
Hoka, owned by Deckers Brands, opened its first retail store in Europe at Shaftesbury Capital’s Covent Garden in London. The 1,750-square-foot space at 2-3 James Street sells the brand’s full line of footwear, apparel and accessories.
Puma SE CEO Sees Return to Growth in the U.S. in 2024
In an interview Friday with Euro am Sonntag, the news outlet, Puma CEO Arne Freundt said he expected Puma to return to double-digit growth in China this year and return to growth in the U.S. in 2024.
Pentland Brands Appoints SVPs for Speedo, Ellesse and Canterbury
Pentland Brands appointed Simon Breckon as SVP for Speedo, Jack Richardson as SVP for Ellesse, Kickers and Mitre, and Luke Doddrell as SVP for Canterbury.
Puma North America Hires Long-Time Adidas Veteran as SVP Wholesale Sales
Puma announced the appointment of industry veteran Andrew “Rudi” Rudolph as senior vice president, wholesale of North American sales.
Report: September Mall Traffic Was Tough but Promotions Drove Some Big Gains
Placer.ai reported that the year-over-year visit gap to indoor malls and open-air shopping centers widened, following the negative foot traffic trends in the wider retail sector. The company said outlet malls continued to lag behind the other formats in year-over-year visits.
Castelli Parent Takes 70 Percent Stake in Zoot
MVC Group, which produces outdoor and cycling clothing under the Castelli, Karpos and Sportful brands, has acquired a 70 percent stake of San Diego-based triathlon brand Zoot.
NRF Economist Says U.S. Economy Still Shows Resilience
The U.S. economy continues to grow despite U.S. labor disputes and the uncertainty created by Congress, adding to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said.
Adobe Sees Online Holiday Sales Climbing 4.8 Percent With Record Discounts
U.S. online holiday sales from November to December 2023 will rise 4.8 percent year-over-year (YoY) to $221.8 billion, marked by retailers offering deep discounts and increased online shopping spend, according to Adobe’s forecast.
Levi’s Q2 Impacted By U.S. Wholesale Weakness, Beyond Yoga Impairment Charge
Levi Strauss & Co. said it expects earnings for its fiscal year ended November 30 to come in at the low end of prior guidance while citing continued weakness within the U.S. wholesale channel. The company also absorbed an impairment charge of $90.2 million related to its 2021 acquisition of Beyond Yoga.
Feetures Breaks Ground on New Warehouse Facility
Features broke ground at the end of September for its new 60,000-square-foot warehouse located in Hickory, NC.
Vittoria Opens a New Cotton Bike Tire Factory in Bangkok
This €20 million investment expands Vittoria Tyres Thailand (VTT) factory premises from 36,000 square meters to 51,000 square meters in the Bangpoo industrial district, near VTT’s headquarters.
Vista’s Outdoor Products Spin-Off Will Debut as Revelyst, Inc.
The company will trade on the New York Stock Exchange under the ticker symbol “GEAR” once the separation from the Sporting Products segment is complete.
Inov-8 To Rebrand with New Name and Logo
Inov-8, founded in 2003, is marking its 20 years in the active outdoor industry, manufacturing running, hiking and gym gear, with a rebrand designed to support accelerated growth.
