January 21, 2022
After the unprecedented supply chain crisis of 2021, the New Year opened with key shipping rates continuing to increase, with the Drewry Supply Chain Advisors’ composite index ticked up 1.1% to $9,409 per 40 foot container for the week of Jan. 6, coming in 80% above the prior year.
PTON CEO John Foley denied media reports that the company was suspending production of its connected fitness equipment, in a letter posted on Peloton’s web site that said, “The information the media has obtained is incomplete, out of context, and not reflective of Peloton’s strategy.”
After testing two stores in the San Francisco Bay Area for several years, the European retail giant will close those stores this year, focusing on wholesale sales to retail partners and its own DTC e-commerce business for the U.S. market.
NPD Group found that U.S. retail sales of performance footwear were up 12% in the fourth quarter to $1.8 billion, compared to $1.6 billion in Q4 ’19, outperforming leisure footwear, which inched up 2% to $5.6 billion, and fashion footwear, which was down 4% from pre-pandemic levels to $4.5 billion.
The Eager Beavertons published a run-down of the changes made to their distribution center network since store closures during the pandemic sent more consumers online.
Wilson Sporting Goods opened its 6,400-sq.-ft. New York City flagship store at 594 Broadway in SoHo, a shopping district where it will be neighbors with Lululemon, Nike, Adidas and many other sports and streetwear brands.