SGB Update Sports & Fitness
SV Sports Secures New Funding Round
SV Sports, formerly Schuylkill Valley Sports, has completed a new funding round that included participation from Chris Paul, the 12-time NBA All-Star.
On Holding’s Sales Jump 54 Percent In Fourth Quarter
On Holding AG reported net sales increased by 53.7 percent in the fourth quarter ended December 31 and by 70.4 percent in fiscal year 2021. The Swiss running brand predicted sales would expand at least 37 percent compared in 2022 with production capacity recently returning to pre-lockdown commitment levels.
Bella+Canvas Plans $11.9M Facility In Alabama
Bella+Canvas plans to open a fabric-cutting facility in Wetumpka, AL. The Los Angeles-based apparel company will invest $11.9 million in the operation of a portion of an 890,000-square-foot building vacant since 2013 when Russell Brands departed from space.
HanesBrands To Design, Manufacture Villanova University Apparel
Hanesbrands will design and manufacture Villanova University apparel through its newly-formed partnership with the University located in Philadelphia.
Specialized Founder Steps Down From CEO Role
Scott Maguire has replaced Specialized founder Mike Sinyard as CEO. Sinyard, who founded Specialized 48 years ago, assumes the role of founder, chairman and chief rider advocate.
Hydrow Announces $55M In Series D Funding
Hydrow, the at-home connected rower start-up, has raised approximately $55 million in Series D funding led by Constitution Capital with continued support from L Catterton and RX3 Ventures.
Strava Appoints Chief Marketing Officer
Strava hired Zipporah Allen as its chief marketing officer responsible for overseeing all marketing and communications for the company.
February Another Record Month At The Port Of Los Angeles
The Port of Los Angeles processed 857,764 Twenty-Foot Equivalent Units (TEUs) in February, a 7.3 percent increase compared to last year. It was the Port’s busiest February in its 115-year history and represents back-to-back record months to begin 2022.
RECALL: Specialized Sirrus Bicycles
Specialized has issued a voluntary recall of about 36,000 Sirrus, Sirrus X and Sirrus Sport Bikes with alloy cranks that were sold in the U.S.
February Retail Sales Rose Strongly Year-Over-Year
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said.
Icebreaker Appoints GM For North America
Icebreaker, owned by VF Corp., has hired Noah Bryan as general manager for North America. Most recently, he worked as the senior business development manager for sports and outdoors at Amazon.
PingPod Closes $10 Million Series A Funding For Expansion
PingPod, the table tennis on-demand concept with three New York City locations, has raised $10 million in a Series A funding round.
Nutrishop And 24 Hour Fitness Expand Partnership
Nutrishop expanded its partnership with 24 Hour Fitness with plans to have approximately 50 Nutrishop franchised shops inside 24 Hour Fitness locations over the next four years.
NRF Forecasts Annual Retail Sales To Increase In 2022
The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022. The 2022 figure compares with 14 percent annual growth rate in 2021, the highest growth rate in more than 20 years. This year’s sales forecast is notably above the 10-year, pre-pandemic growth rate of 3.7 percent.
Honma Golf Appoints VP Of Sales
Honma Golf named golf industry veteran Chuck Couch as North American vice president of sales. He was most recently vice president of Mizuno USA’s running division from 2016 to 2021.
