April 06, 2022
Teens are spending 11% more on footwear annually than a year ago, but their number one brand of choice remains Nike, according to the Spring 2022 edition of Piper Sandler’s semiannual Taking Stock with Teens survey.
Sportswear continued its upward trajectory and fashion picked up post-Covid demand at the expense of fast-fashion, according to the 2022 Apparel 50 ranking from Brand Finance.
The connected fitness company formally withdrew its S-1 registration statement for an initial public offering, an endeavor that it suspended last fall, citing difficult market conditions.
On the heels of its acquisition of Airhead Sports Group in Dec. ’21, Avon, MA-based Aqua-Leisure Recreation, which is backed by private equity firm Blackford Capital, is acquiring INYO Pool Products for undisclosed terms.
Peak Ski Company, LLC has been launched by former Squaw Valley CEO Andy Wirth, and six-time Olympic medalist Bode Miller, starting with a line of six all mountain and side-country alpine skis.
Tokyo-based Itochu Corp., one of Japan’s largest trading companies, has agreed to acquire a majority of the outstanding shares of Dome Corp., also based in Tokyo and Under Armour’s exclusive Japanese distributor since it entered the market in 1998.
The Ocean Shipping Reform Act checked off upper chamber approval in the path towards passage with a unanimous voice vote in the Senate.
The Olin Corp.-owned ammunition brand hosted an event in Washington, DC, for members of Congress and outdoor industry representatives, promoting its Shoot United initiative.