Sporting Goods Industry News for January 26, 2023
The fashion-forward footwear banner had been underperforming, and FL was reviewing strategic options for Sidestep, which operated 86 doors in Germany, Netherlands, Spain, Belgium, Luxembourg, and Switzerland at the end of last fiscal year.
The U.S. House of Representatives passed rules this month for the 117th Congress that revived a prior bid from 2017 to deem any transfer of federal lands to state, local or tribal governments as neutral to the federal budget.
VSTO made several moves to integrate Fox Racing, combining it with Bell, Giro, Blackburn, Copilot, Krash and Raskullz into a restructured Action Sports division under Fox president, Jeff McGuane.
The global golf equipment and apparel market tallied $19,961 million in 2022, ticking down 2% from the prior year’s record $20,451 million in sales due to supply chain constraints and economic woes, according to the latest World Golf Report from Golf Datatech and Yano Research.
Nike is suing the Japanese streetwear brand in So. NY federal court, accusing it of selling “near verbatim” copies of the Eager Beavertons’ iconic sneaker designs.
Levi-Strauss’ yoga brand’s revenues were $27 million in the final quarter, compared to approximately $15 million in revenues from two months of LEVI ownership last year.
Tom Kingsbury, who succeeded former CEO Michelle Gass in Dec. on an interim basis, is the top candidate for the job permanently, the New York Times reported, citing inside sources.
The Golden Gate Capital-owned teen retailer will be led by current co-CEO, Mike Relich , and Pacsun’s president Brie Olson, who will add the co-CEO title, effective on Mar 8.
Sapphire Sport, an investment platform, secured an additional $181 million funding round from a group of investors that include Adidas, Pentland, MSG Sports, and other sports and media companies, bringing its total funding to date to $300 million.
The e-tailer has changed its name to Natchez Shooting & Outdoors to better reflect the expanded products available, which include hunting, shooting, fishing, hiking, camping, and other outdoor sports.
DECK filed two separate suits in Cen. CA district court accusing Walmart and Next Step Group of infringing on its trade dress with various boots, flip flops, and sandals.
Yeti is suing Love Deals Inc. and Endliss Technology Inc. in West TX district court for selling 20 oz. and 30 oz. tumblers that it says infringe on the Rambler Tumbler trade dress.
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