January 14, 2022 Covid Outbreaks and Chinese Response Hit Supply Chain
Shenzhou International Group, which is a major apparel supplier to Nike, Adidas and other sportswear brands, reported last week that a Covid Delta variant outbreak in Beilun District, Ningbo, forced it to suspend production at some of its factories. Sporting Goods Sales Finish 2021 Strong
Adjusted sales for sporting goods/hobby/book and music stores continued their recent pace of double-digit gains with an 18% improvement in Dec. to $9,140 million from $7,737 million last year, growing 38% over 2019, according to Commerce Dept. data. Mushroom Leather Maker Raises $125 Million
MycoWorks scored a $125 million series C funding round led by Prime Movers Lab, along with new investors SK Networks and Mirabaud Lifestyle Impact & Innovation Fund and some other new and existing investors. ABG and Shaq File for Digital Trademarks
Like Nike, Adidas and many others, Authentic Brands Group is staking out a claim in the metaverse. Etcetera: Peloton, Castore, Garmin, Backcountry, Oakley
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