SGB Update Sports & Fitness
Fila Group’s Sales Expand 8 Percent In Fourth Quarter
Korea-based Fila Group reported sales grew 7.9 percent in the fourth quarter and 21.3 percent in the full year. At Fila USA, sales were down 8.7 percent in the fourth quarter but grew 11.5 percent for 2021.
Macy’s Expands Backstage Store-Within-Store Concept
Macy’s announced plans to expand its store-within-store Backstage locations across the U.S. beginning April 9 through June 2022 with 37 new locations nationwide.
Nike’s Q3 Tops Wall Street’s Targets On Digital Momentum
Nike, Inc. reported earnings topped Wall Street’s targets by 15 cents in the fiscal third quarter ended February 28 with sales also slightly ahead of estimates. Sales grew 8 percent on a currency-neutral basis, led by a 17 percent gain in DTC and a 22 percent gain in digital. Double-digit digital growth in North America, APLA and EMEA offset declines in Greater China.
BSN Sports Partners With Generation ESports
BSN Sports, a division of Varsity Brands, has partnered with Generation Esports as the uniform and apparel partner of its High School Esports League.
Foot Locker Hires President, Global Brands
Foot Locker Inc. announced it hired Samantha Lomow as president, Global Brands. Lomow joins the company from Hasbro, Inc., where she was president, Branded Entertainment.
Kohl’s Confirms Buyout Interest From ‘Multiple’ Parties
Kohl’s Corp. acknowledged receipt of multiple preliminary indications of interest in acquiring the company. The proposals received are non-binding and without committed financing.
The Renewal Workshop Acquired By Bleckmann
The Renewal Workshop, based in Cascade Locks, OR, has been acquired by Dutch logistics company Bleckmann.
Under Armour Supply Chain Exec Joins Figs
Jami Pinto, formerly senior vice president, global product supply at Under Armour, has become chief global product and sustainability officer at Figs, the manufacturer of scrubs and medical apparel.
Accelerated Systems Appoints Director Of Sales, E-Mobility
Accelerated Systems, Inc. (ASI) has hired Adam Micklin as director of Sales, E-Mobility.
Slinger Shows Slight Sales Gain In Fiscal Third Quarter
Slinger Bag, Inc., the parent of Slinger Bag, reported sales inched up 2.4 percent in its fiscal third quarter and surged 65.8 percent in the nine months ended January 31.
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.
