September 15, 2023
After 2021’s rebound of more than 30% from pandemic lows, branded athletic apparel sales grew a modest 5.2% last year to $121,294 million from $115,253 million, significantly underperforming sneaker sales, which increased 14.0%.
The global consulting firm is forecasting tepid, 3% to 6% growth in U.S. retail sales this Holiday season, concurring with Deloitte’s earlier forecast that consumers will spend less, and focus on value for dollar this year.
Agilitas Sports, a company co-founded by former Puma India & South East Asia managing director, Abhishek Ganguly, will acquire Mochiko Shoes for an undisclosed amount, India Retailing reported.
Tominaga, who has been in charge of Asics’ digital and IT division for five years, will succeed Yasuhito Hirota as president and COO of the Japanese sportswear company.
POC appointed former professional World Cup cyclist, Derek Bouchard-Hall, as its new chief executive.
Coats and Lenzing are collaborating to create synthetic-free engineered uppers and fabrics weaving ProWeave technology and Tencel Lyocell Filament.