January 16, 2023
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 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%.
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.
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.
The golf equipment and accessories supplier has been acquired by private equity firm Kinzie Capital Partners for undisclosed terms.
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 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.