January 16, 2023 Adobe & Salesforce Tally Holiday E-commerce Gains
Adobe Analytics tracked a 4% gain for U.S. e-commerce sales in Holiday 2022, placing the total at $211.7 billion, while Salesforce said the channel saw a double-digit improvement in the U.S. at +14% to $270 billion, lapping a 43% jump. Xtep Sales Slip in Final Quarter
Xtep posted a high-single-digit decline in retail sell-through for the fourth quarter, noting that the retail discount level was around 30% this year, compared to 20%-25%. 361 Degrees Finishes the Year Flat
The Chinese sportswear brand said that overall retail sales of 361º core branded products were roughly flat in Q4, but e-commerce did much better, growing about 25% in the quarter. Olympia Sports Heads to Auction
The bankrupt retailer’s intellectual property and related assets, including domain names, customer data and trademarks, are being auctioned by Hilco Streambank on Feb. 9, with a deadline for bids on Feb. 7. Kinzie Capital Partners Acquires GT Golf Holdings
The golf equipment and accessories supplier has been acquired by private equity firm Kinzie Capital Partners for undisclosed terms. Nielsen-Kellerman Company Names CEO
The parent company of a number of sports and outdoor measuring technology brands tapped Chuck Arkell as CEO and a member of the board, succeeding Alix James, who will continue to serve in a senior advisory role as president. Under Armour Wins Trademark Suit
Under Dog was awarded just one dollar from a U.S. District Court jury in MD against Armorina, Inc. for infringing on the “Armour” mark with its Armorina women’s apparel brand. Etcetera: Lululemon, Nike, Dick’s, Ski Haus
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