July 22, 2022
Global sneaker sales roared back in 2021 after dropping 8.3% in the pandemic year, jumping 26.4% to $82,517 million from $65,297 million, with broad-based growth from all regions.
JD announced ahead of its annual general meeting that same store sales are up 5% for the first five months through Jun., and reiterated that they will be in line with the record results it set last year.
Lululemon is the latest brand to see retail employees file a petition to hold a union election.
Proteus Motion, the fitness tech startup, has completed an $8.5 million Series A financing round led by Acies Investment and HBSE Ventures, bringing total funding to date to $17 million.
Weinel Group has acquired defunct brand Omega Pacific, adding it to a portfolio of safety and climbing gear that includes Rock-N-Rescue, and Rock-N-Arbor.