January 23, 2023
McKinsey & Company issued its third annual Sporting Goods Industry Report with the World Federation of the Sporting Goods Industry, recapping 2022 and the macro pressures that constrained what “was set to be another great year for the sporting goods industry” and laying out groundwork to endure the looming threats of the new year.
The Coleman, Marmot and Ex Officio parent will spend up to $130 million this year in a major restructuring, with staff cuts beginning in the first quarter than could total about 13% of its office positions.
Fanatics Betting and Gaming division opened its first Fanatics Sportsbook location in the Washington Commanders’ FedExField in Maryland.
Following a nearly 30-year career at Adidas, Klein is taking over from the retiring Jennifer Estabrook, who succeeded the late John Epstein as president of Fila North America in 2019.
Swiss sports brand On has announced its own running event series, called “On Track Nights,” spanning three continents and five cities beginning in Los Angeles with the Track Fest in early May.
Martini is suing Golf Gifts & Gallery, Inc., its wholesale customer, in Southern GA district court, for infringing on its patented design and registered trademarks for golf tees styled to look like martini glasses.