June 09, 2022
Consumer demand for choice, data metrics and a growing off-mall store fleet are top of mind at Foot Locker as they look ahead to a less Nike-dominated world.
TRX Holdco and its Fitness Anywhere subsidiary filed for Chapter 11 protection in DE bankruptcy court, and are asking for an expedited free and clear asset sale that will allow the company to continue operating.
After a record setting Mar., retail imports inched down 4% to 2.26 million twenty-foot equivalent units coming through U.S. ports in Apr., according to the NRF and Hackett Associates, but were up 5% from last year.
Retail/rental revenue increased 39% to $126,497,000 in the fiscal third quarter ended Apr. 30 from $91,286,000 last year, helped by fewer Covid-related limitations and restrictions at North American resorts and stronger demand.
Women’s athletic footwear maker Ida Sports appointed former Adidas VP Neal Taylor as interim CEO, while CEO and co-founder Laura Youngson takes a leave of absence to go on maternity leave.
As planned, The Big Cat’s long-awaited mobile shopping app has now gone live in India, and will roll out in the U.S. next, with Europe and Japan set to launch before the end of the year.
U.S. tennis racquet wholesale revenues grew by 11% in the first quarter, an improvement from the slight year-over-year drop in Q4, but well off the 46% growth seen in all of 2021, according to Sports Marketing Surveys’ research for the TIA.
New Balance is suing Steven Madden in MA district court accusing it of infringing on design patent D932,755 with its Chasen model sneaker.
Nautilus is recalling about 7,300 T616 and T618 treadmills because they can start on their own, posing a fall hazard to the user. NLS will send owners a flash drive with new software that resolves the problem.
Brompton is recalling about 2,340 model M2L, H2L, M6L, and H6L electric folding bicycles, because the mudguard is positioned too close to the front wheel which can cause the wheel to lock up.