October 20, 2023
Nike continued to dominate athletic footwear and apparel, technical brands are waiting in the wings, and Amazon lost share to brick-and-mortar and other e-commerce platforms in the 6th annual Cowen Gen Z and Millennial survey.
The fitness equipment company will change its name to BowFlex Inc., to better reinforce its connection with the at-home fitness market, and will begin trading on the NYSE under the new ticker symbol BFX, effective Nov 1.
After revealing earlier this week that it had lost a €150 million funding commitment, the struggling bicycle and tennis retailer said that its various legal entities are preparing to file for insolvency in the coming days.
The Chinese sportswear company’s Kappa retail sales grew by mid- to-low-single digits in the fiscal second quarter ended Sep. 30.
The 40-year-old outdoor apparel retailer’s founder, Ed Camelli, and Joanne Havertine, co-owner and wife of deceased co-founder Brian Havertine, have sold the company to Brian and Joanne’s sons, Kyle and Brett Havertine.