NEW YORK, Oct. 24, 2016 /CNW/ - http://www.Financialbuzz.com - Currently, millennials make 25 percent of the population with an annual buying power of $200 billion. Most businesses view this as an opportunity targeting them based on modern trends. A particular industry which they have already made a predominant impact on is the health and fitness industry. They've changed both the fitness industry and the general impression of what it means to be fit and healthy. Millennials' distinctive approach to health has elevated the evolution of advanced fitness movements, health-focused boutiques and eateries, and alternative medications. Studies show that physical activity provides long-term health benefits for everyone. It's never too late to push-start a healthy lifestyle. Exolifestyle Inc. (OTC: EXOL), Nike Inc. (NYSE: NKE), Lululemon Athletica Inc. (NASDAQ: LULU), Under Armour Inc. (NYSE: UA), Gildan Activewear Inc. (USA) (NYSE: GIL).
The amount of health club affiliations in general has developed, as more individuals have incorporated fitness as an essential obligation in their everyday lives. At the sametime, the gym-going demographic has spurred demand for health club memberships mostly amongst individuals between the ages of 20 to 65. Top fitness activities such as CrossFit has upscale the world of fitness to another level. Support gear by aiding athletes in order to lift more, lift longer by decreasing the chance of injuries, move faster and grow stronger are drawing attention in the market right now.
From engaging in high standing on quality that meets the values of its consumers, to its commitment of being ahead of the latest fashion trends, Exolifestyle Inc. (OTCQB: EXOL) drives the boundaries of where fashion meets function. The founder of EXOL, Sloane McComb, has shaped a mark for the functional fitness industry while creating brand new and original ways to propagate EXO's consumer base through the business's discrete product range.
The company's main product "Exosleeve" is compression knee sleeves with different custom designs for active wear that has been a growing brand of choice in the athlete global consumer market for the past several years. It provides valuable compression by increasing blood flow and decrease pain in the athlete. Compression is vitally important as it facilitates below through the knee aiding better recovery. Exosleeve comes in a variety of colors at a reasonable, modest price giving athletes more choices in selecting more than just one in particular. The Exosleeve is created with anti-microbial material which significantly decreases the ability of microorganisms to develop on the material, thus making a lengthier use for the athlete, and an improved way to train.
EXO is the brand of choice for many well-known elite level fitness athletes, such as Brooke Ence, Elijah Muhammad, Lauren Brooks, and Noah Ohlsen and Olympic weightlifters who perform on world and national stages. EXO's products are utilized in functional athletic fitness, powerlifting, Olympic weightlifting, endurance training, boot camps, circuit training programs, and strength training protocols, and are sold in brick and mortar stores in the U.S.
Under Armour Inc. (NYSE: UA) recently made an announcement to officially reveal Steph Curry's third signature sneaker, the Under Armour Curry 3. UA announced that the Curry 3 incorporates the brand new fabric technology, Threadborne. Threadborne™ is a new technology developed by Under Armour's innovators after inspecting a parachute, specifically paracord, a sturdy piece of material that is at the core of the equipment. Inside the paracord, Under Armour discovered ultra-durable yarns and reconstructed them into a fabric by braided threads covering a corded panel bringing incomparable lightweight guiding power and maintenance.
Gildan Activewear Inc. (USA) (NYSE: GIL) is delighted to announce that the company is now associated with the Cotton LEADS™ program. This program is dedicated to the use of top practices and traceability in the cotton supply chain. "Gildan is well-known for its commitments to quality apparel and to responsible manufacturing," says Mark Messura, Senior Vice President of Supply Chain Marketing at Cotton Incorporated. "As such, they have firsthand knowledge of the environmental gains that cotton growers, represented by the Cotton LEADS™ program, continue to achieve."
Nike Inc. (NYSE: NKE) recently reported fiscal 2017 financial results for its first quarter ended August 31, 2016. Solid global demand drove double-digit currency-neutral revenue growth worldwide in the first quarter and 6 percent revenue growth in North America. Revenues for the company rose 8 percent to $9.1 billion, up 10 percent on a currency-neutral basis. International futures orders for Nike Brand athletic footwear and apparel arranged for distribution from the month of September through the beginning of 2017 has totaled $12.3 billion, making it 5 percent higher than orders reported for the same period last year, and 7 percent higher on a currency-neutral basis.
New foreign worker rules might force Lululemon Athletica Inc. (NASDAQ: LULU) headquarters out of Canada, which will be troubling for 1,200 of its employees if the company does not get an exemption. The company said it needs to recruit specialized talent from other countries to be able to compete. The exemption would allow them to avoid filing a labour market impact assessment application which would make it easier for them to hire foreign workers. The clothing company claims there is a shortage of talent in the Canadian market. Lululemon makes technical athletic clothes for yoga, running, working out, and most other sweaty pursuits.
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