June 18, 2024 Outdoor Participation Grows, but Fewer Outings Hurts Product Demand
A record 175.8 million Americans counted among outdoor activity participants in 2023, up 4% over the prior year, according to the OIA’s 2024 Outdoor Participation Trends report, though the long-term trend of declining core participation and average outings per year continued. Delta Apparel Will Shutter DTG2Go
The struggling apparel maker’s latest move to cut costs and scale down its business will result in Delta Group’s direct to garment printing DTG2Go business unit being closed down, resulting in the elimination of about 115 jobs. Sporting Goods Sales Down Again in May
For the fifth straight month, adjusted sales of sporting goods/hobby/book and music stores declined in May, dropping 2.6% year-over-year to $8,345 million from $8,565 million, according to Commerce Dept. data. Fifty 1 Labs Acquires Throwing Knife Company
The holding company, which operates three entities in the sports supplement, equipment, and health and wellness industry, will expand its portfolio of brands with the acquisition of FL-based Drago Knives for undisclosed terms.
The women’s volleyball, softball, and soccer DTC brand has appointed veteran consumer products exec, Janelle Anderson as CEO. Etcetera: Saucony, ABG, Gunstores, eVent Fabrics, Nike, Puma, Oofos, On
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