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August 23, 2024 Global Sports Apparel Market Inched Higher in 2023
Decelerating again after 2022’s tepid improvement, branded athletic apparel sales grew by just 1.7% last year to $121,098 million from $119,113 million, also underperforming sneaker sales, which increased 6.7%. Moody’s Downgrades Next Level after Cotton Write-Down
Next Level parent, YS Garments LLC, which is owned by Blue Point Capital Partners, saw Moody’s downgrade its corporate family rating and senior secured bank credit facilities rating to Caa2 from Caa1. Mountain Sports Auction Canceled for Lack of Bidders
Bankrupt EMS parent company Mountain Sports LLC attracted no interest, other than from stalking horse Mountain Warehouse, as the Aug. 20 deadline for bids passed. StockX Says Asics and Adidas Are Growing on Its Platform
StockX’s latest marketplace report, The State of Resale called out Asics retro running styles for 589% year-over-year growth, while the resale market for Nike and Jordan has fallen by 11% and 12%, respectively. Etcetera: Johnnie-O, Arc’teryx, Sportsman’s Warehouse, Rally House, Nike, The James Brand, Asics
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