January 25, 2023 Sustainable Sneaker Maker Opens U.S. Factory
Psudo Sneakers, founded by footwear industry veteran Michael Rich in 2020, has now opened a production facility in Los Angeles after closing a $3 million seed financing round last May through SternAegis Ventures. Matt Powell is Leaving NPD Group
The long time sporting goods industry analyst is departing NPD to start his own consulting and advisory firm, called Spurwink River, focused on merchandising and marketing. Gymshark Downsizes U.S. Headquarters
The U.K.-based activewear brand, which has appointed four new senior executives in recent weeks, is shuttering a “substantial portion” of its U.S. headquarters in Denver, CO. Coats Group Will Exit Operations in Mauritius and Madagascar
Coats inked a definitive agreement to sell its business operations in Mauritius and Madagascar to textile manufacturer and supplier Hardy Henry Textiles Ltée for undisclosed terms. L.L. Bean Plans Flagship Renovations
L.L. Bean announced a $50-plus million investment into its Freeport, ME, flagship store and retail campus to tie in with the municipality’s Freeport Downtown Vision project. Firefly Recovery Closes $1 Million Investment Round
The portable athletic recovery tech company has raised a $1 million investment round led by current and former players including Olympian Kerri Walsh Jennings and the NFL’s Shaq Thompson and Darren Waller. Nike Called Out in Oregon Kangaroo Leather Ban Bill
Oregon legislators are targeting kangaroo leather in athletic footwear, namely high end soccer cleats, with a bill that would outlaw buying, receiving, selling, or commercially exchanging “any product containing a part of a dead kangaroo.” Golf Simulator Software Company Faces Lawsuit
GSPro, which just inked a partnership with Vista Outdoor’s Foresight Sports launch tracker brand, is being accused of copying TrackMan’s competing software in a suit filed in So. NY federal court. Etcetera: Solo Brands, On Running, Fanatics, Nike
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