Sporting Goods Industry News for October 19, 2021
Bean CEO Stephen Smith said that current stock levels are good, but “we know we will be running out and are not sure when things are coming in,” in an interview with local television station WCBV.
The Chinese sportswear brand reported mid-teens growth in the third quarter for sales through all retail channels, including online and brick-and-mortar.
Reframing its athlete endorsement deals as a partnership model relationship rather than a sponsorship, New Balance has established an Athlete Advisory Board made of athletes, executives and brand associates, that meets quarterly.
Hellman & Friedman is acquiring the Port Washington, NY-based market research company in a deal that is expected to close by the end of 2021.
The 190-door running banner is buying FITniche and its three locations in Lakeland, Brandon and Flatwoods, FL, in the Tampa, metro area, and plans to rebrand the stores as Fleet Feet.
Glidden takes the reins of his family’s wool sock and apparel business, succeeding his father, John Glidden, as president of Minus33 as well as the parent L.W. Packard company.
Recreational visits increased just 2% in Sep. to 27,616,367 from 26,957,453, and visits for the first three quarters of 2021 now total 224,350,976, up 23% from 182,438,155 in the pandemic year.