November 20, 2023
Following last week’s report that revenues at the globe’s largest bike manufacturer fell by 25% last quarter, Giant Group’s smaller Taiwanese competitors also suffered significant declines.
Black Friday through Cyber Monday spending will be up 13% according to the latest consumer survey from Deloitte, tallying a $567 average compared to $500 in 2022, driven by Millennials moving into the top spot for average generational spend.
The licensing company has acquired a majority stake in British streetwear brand Hoodrich, adding to its portfolio of brands, which includes Umbro, Pony, Ocean Pacific, and Lee Cooper.
The Bode Miller-backed ski maker has retained growth-stage investment firm Republic Group to launch a crowdfunding initiative to fuel growth and innovation.
NB began construction of its 102,000-sq.-ft. Londonderry, NH, factory, its first in the state and its sixth U.S. footwear manufacturing facility.
A dozen sporting goods companies, e-tailers and print-on-demand marketplaces, including New Balance, Lacoste, Amazon, Zumiez, Redbubble, and others, are being sued by Stephanie Reveron in S. NY district court, for infringing on her Lower East Side, LES, and LES NYC marks on apparel.