June 16, 2022
JOUT is seeing a mixed bag now in the second half of its fiscal year as consumer demand levels off from last year’s peak but remains historically strong, while supply chain headwinds persist and uncertainty around recessionary fears loom.
Fleet Feet will acquire New England-based running specialist Marathon Sports from its current owners Colin and Penny Peddie, who are retiring, adding to its more than 250 owned and franchised locations.
Customs and Border Patrol, which is tasked with enforcing the import restrictions, has now posted long-awaited operational guidance for consumer goods importers, who are required to prove that their products are untainted, using purchase orders and supply chain documentation.
Mahan will take the reins as CEO of Fanatics Collectibles, overseeing the Topps, Candy Digital, and zerocool physical and digital collectibles businesses and reporting to chief Fanatic, Michael Rubin.
The sneaker and accessories brand started by Olympian Allyson Felix and her brother landed a $8 million, Series A round led by growth equity fund, IRIS and Gap Inc.’s Athleta, with additional participation from Redpoint Ventures and Springbank Collective.
Playermaker, which makes footwear-mounted performance trackers for soccer, has closed on a funding round, led by Ventura Capital Group, bringing total funding to-date to $40 million.
Following a NY district court judge’s recent motion for a temporary restraining order against MSCHF’s Vans-inspired Wavy Baby sneakers, the designer has now answered the suit with a counterclaim and a number of affirmative defenses.