SGB Update Sports & Fitness
Levi Strauss Trims Outlook for Year on U.S. Wholesale Weakness
Levi Strauss & Co. reduced guidance for its fiscal year while reporting earnings in its fiscal second quarter ended May 28 arrived slightly below Wall Street targets amid pressures at the U.S. wholesale channel. Wholesale revenues were down 22 percent in the quarter. Beyond Yoga was a bright spot, increasing revenues by 28 percent.
Clarks Hires Under Armour Retail Chief as UK Managing Director
Clarks hired Bob Neville, most recently global vice president of retail at Under Armour, as managing director for the U.K. and Ireland, effective August 2023.
Brooks Running Launches Resale Program
Brooks Running launched ReStart, its first re-commerce program to refurbish and resell used Brooks footwear in the U.S.
Marin Mountain Bikes Adds Territory Manager And Inside Sales Rep
Marin Mountain Bikes, Inc., based in Petaluma, CA, announced that industry veterans Mike Miranda and Keith Ketterer had joined its U.S. sales team as territory manager and inside sales representative, respectively.
Revo Continues Growth With Distributors In New Markets
Revo, the performance sunglass manufacturer, reported it added distributors in new markets.
Amped Fitness Acquires Four Gyms In Florida
Amped Fitness announced it acquired four former YouFit gyms in Florida, enabling the fitness chain to enter four new markets. The company expects to open the gyms in September 2023.
Puma Commits To Sourcing Bovine Leather From Deforestation-Free Supply Chains By 2030
Puma reported it signed up for the Deforestation-Free Call to Action for Leather, launched by global non-profits Textile Exchange and Leather Working Group.
Lululemon Launches On Zalando
Expanding on its presence in Europe, Lululemon agreed that Zalando, a European online fashion and lifestyle platform, would be its preferred European online retail seller.
Fanatics Partners With Rakuten To Serve Japanese Sports Fans
Fanatics reported it launched its first online marketplace in Japan, opening a store on Rakuten Ichiba, operated by global internet services leader Rakuten Group, to improve access to licensed sports merchandise for customers in Japan.
The Association Of Pickleball Players Partners With Universal Tennis
The Association of Pickleball Players agreed to make Universal Tennis, the creator behind the UTR Rating for tennis, its official ratings partner.
Kit And Ace Acquired By Unity Brands
Kit and Ace, the technical apparel company started by Lululemon Athletica founder, and ex-CEO, Chip Wilson and his family, was reportedly acquired by Unity Brands, the company run by Canadian retail veteran Joe Mimran.
Adidas HR Chief To Depart This Month
Adidas AG reported that Amanda Rajkumar, executive board member and labor director of Adidas, responsible for global human resources, people and culture, informed the company’s Supervisory Board that she would not renew her contract, which expires in December 2023 and is leaving the company on July 15. Adidas provided no reason for Rajkumar’s decision.
Stewart Golf Opens First U.S. Customer Care Center In Houston
Stewart Golf, the electric and push golf cart manufacturer, reportedly opened its first U.S. customer care center in Houston, TX, for inquiries, servicing and repairs.
Academy Sports Opens Store In Peoria
Academy Sports + Outdoors opened its first store in Peoria, IL, the second in the state, including the store in Fallon, IL.
Adidas Partners With Roma
Adidas signed a long-term partnership with Roma to become the Italian soccer club’s new kit supplier, replacing New Balance.
