Gymshark Lays Off 65 US Employees In a recent turn of events, UK-based activewear brand Gymshark has decided to lay off 65 employees at its US offices in Denver. This move comes as part of a restructuring effort aimed at streamlining operations and optimizing efficiency in the competitive retail landscape. The decision, while undoubtedly a […]
Gap Inc. and Athleta Invest $1 Million in Footwear and Apparel Start-up Saysh
Gap Inc. and Athleta Invest $1 Million in Footwear and Apparel Start-up Saysh Gap Inc. and its subsidiary Athleta have made a strategic move by investing $1 million in the emerging footwear and apparel start-up Saysh. This investment showcases Gap Inc.’s commitment to staying at the forefront of innovation and aligning with brands that are […]
Vuori Opens First International Flagship
Vuori Opens First International Flagship California activewear brand Vuori has reached a significant milestone in its expansion journey with the opening of its first international flagship store on London’s prestigious Regent Street. This move marks a strategic leap for the brand, following the successful addition of 20 new locations across the United States just this […]
Growing International Sales Boost Gymshark Revenue and Profits
International Expansion Drives Gymshark’s Impressive Revenue Growth In the fiercely competitive world of activewear, UK-based Gymshark has managed to carve out a significant niche for itself. The brand’s recent financial report for the year ending July 31, 2021, reveals a remarkable 54 percent surge in revenue. This substantial growth can be attributed largely to Gymshark’s […]
The Niche Sport Driving Sneaker Sales
The Rise of Trail Running: How This Niche Sport is Driving Sneaker Sales In the ever-evolving landscape of activewear, one niche sport is making a significant impact on the market – trail running. Brands, retailers, and investors alike are placing their bets on trail running as the next big category in activewear, with a particular […]
Inside Gymshark’s First Store
Inside Gymshark’s First Store Gymshark, the popular activewear brand known for its stylish and functional workout gear, is taking a bold step into the world of brick-and-mortar retail. Despite experiencing a significant surge in online sales, the company has decided to open its inaugural physical store in the vibrant city of London. This move marks […]
Activewear’s Biggest Disruptors
Activewear’s Biggest Disruptors The sports apparel market, valued at a staggering $384 billion, is a highly competitive industry where only the most innovative and daring companies can thrive. In recent years, we have witnessed a significant shift in the market landscape, with fast-growing start-ups challenging established brands and stealing market share. These disruptive companies are […]
Lululemon Cuts Annual Profit Forecast as Demand Slows, Tariffs Weigh
Lululemon Cuts Annual Profit Forecast as Demand Slows, Tariffs Weigh Lululemon, the renowned activewear brand, has recently announced a cut in its annual profit forecast due to a slowdown in demand and the burden of tariffs. This move comes as a surprise to many, considering Lululemon’s history of growth and success in the activewear market. […]
Nike Falls Below $100 Billion in Value as Turnaround Sputters
Nike Falls Below $100 Billion in Value as Turnaround Sputters Nike, the renowned activewear brand, is facing a turbulent period as its shares plummeted by as much as 9.3 percent following a disappointing earnings report. This decline has pushed the company’s value below the $100 billion mark, raising concerns among investors and industry experts. The […]
How an Indie Running Brand Plans to Compete With Sneaker Giants
Satisfy’s Bold Step: Launching into the Competitive Sneaker Market In the realm of lifestyle activewear, the competition is fierce, with established sneaker giants dominating the market. However, indie running brand Satisfy is gearing up to make a splash with the release of its inaugural running sneaker this summer. This bold move marks the brand’s entry […]