January 25, 2023
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.
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.
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 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 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.
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.
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.”
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.