Sporting Goods Industry News for October 18, 2021
The fourth annual Cowen Gen Z and Millennial survey saw Nike and Adidas top the leaderboard of key athletic apparel and footwear metrics for 18-34 age demographic, while Lululemon made gains and Under Armour slipped a bit.
The lulunatics’ patent, D932,750, covers a wedge-shaped mid- and outsole ornamental design that features the company’s distinctive logo spanning the soles of the pair of shoes.
The Sierra and Black Diamond parent expects third quarter sales to improve 66%-67% year-over-year to $107-$108 million, up from $64.5 million in 2020.
The Berlin-based online retail giant that recently added Wiggle, Midwest Sports and Tennis Express to its many banners, is getting $372 million from Saudi Arabia’s Public Investment Fund, according to the Wall Street Journal.
The Chinese sportswear giant said that retail sales of its core Anta brand increased low-teens in the third quarter, an acceleration from low-single digit growth in Q3 last year.
Big Foot is launching a new private label apparel line called LCKR by Foot Locker that is initially focused on comfortable fleece styles.
The clogmaker hired Lori Foglia as SVP, chief product & merchandising officer, and promoted its current VP product development and sourcing, Erik Olson to SVP, global sourcing and product execution.
Peak Performance Sportswear founders Stefan Engstrom and Peter Blom have partnered with World Cup alpine skier Marcel Hirscher to launch The Mountain Studio.
According to a court filing, Peloton has reached a settlement with Shannon Albright, a Tread+ owner who sued the company last April, and was seeking certification of a class that included all other owners.