Norwest Venture Partners announced Monday that it has made a growth equity investment in Jolyn Clothing Co, a women’s performance swimwear and active wear brand based in Huntington Beach, CA.
Month: December 2018
RYU Opens New Store In Toronto
RYU Apparel Inc., creators of urban athletic apparel, has officially opened the doors of its second store in Toronto, in the indoor mall of Sherway Gardens, as it continues its expansion on the East Coast.
Tariff Talk: How Is The Industry Responding?
GoPro last week announced plans to move most of its U.S.-bound camera production out of China by the summer of 2019 to mitigate the potential impact of inclusion on any new tariff lists. With significant uncertainty continuing, here’s an update from a few industry execs from third-quarter conference calls on what they’re planning to do to mitigate the potential tariff impact.
Analyst: Risks Piling Up For Cherokee Global Brands
As Cherokee Global Brands continues working to rightsize its business operations—which in the third quarter included a $3 million reduction in selling, general and administrative expenses—a host of risks could knock the company off track.
Amer Sports’ Board Issues Statement Supporting Sale
The board of directors of Amer Sports Corp issued a statement providing detailed reasons behind its support of a sale of the company to a consortium led by China’s Anta Sports. The statement points to the major premium Amer’s shareholders will earn at the offering price and the benefits from partnering with Anta, including a “significant opportunity to accelerate the expansion of its businesses in the Chinese market.” Heikki Takala, president and CEO of Amer Sports, and his key executives are expected to continue leading the Amer Sports’ businesses.
Thule Group Appoints VP Global Purchasing
Nis Gjendal has been appointed vice president global purchasing and member of group management in Thule Group, based out of the Group Headquarters in Malmö, Sweden.
Lululemon Ranks Nine On Glassdoor’s Best Workplaces List
Lululemon was the second highest-ranked retailer in Glassdoor’s “2019 Best Places to Work” survey for U.S. companies. Work/life balance, healthy associate discount, free workout classes and benefits were called out favorably in reviews.
New Souler Program Grants Stock Options To Top Influencers
Souler, an influencer commerce platform and community, announced that selected influencers will receive stock options in Souler as part of its Chosen Influencer Program.
Clean Bottle Acquired By Investment Firm
Clean Designs LLC, the parent company of Clean Bottle, has been acquired by Split Peak LLC, a private investment firm based in Boca Raton, FL.
Garmin Health Partners With Medical Wearable
Garmin International Inc., a unit of Garmin Ltd., announced a collaboration with ActiGraph to explore creation of innovative health and activity monitoring solutions that would utilize Garmin wearables and ActiGraph‘s CentrePoint data analytics platform for academic research, clinical trials, and remote patient monitoring.
Report: Adidas To Come Out With Donavan Mitchell Shoe
According to a SLCdunk.com report, Adidas is coming out with its first signature shoe for Donavan Mitchell, star guard of the Utah Jazz.
November Retail Sales Increase 5 Percent
November retail sales were up 0.7 percent seasonally adjusted from October and increased 5 percent unadjusted year-over-year, completing the first half of the holiday shopping season with spending on track to easily meet the National Retail Federation’s forecast, NRF said.
Auburn Researchers Suspect Additional Rules For Player Safety Could Decrease College Football Fandom
A team of researchers from Auburn University suspect additional regulations that improve player safety and make the game less violent could impact fandom. While social and behavioral effects of violence in movies and video games have been studied extensively, much less is known about how sports affect perceptions of violence.
IOC Launches First Olympic Store For Chinese Fans With Alibaba
The International Olympic Committee (IOC) and Worldwide TOP Partner Alibaba Group announced the launch of the first-ever Olympic store on Tmall, China’s largest B2C marketplace for brands and retailers.
Caleres Authorizes Stock Repurchase Program
Caleress’ board of directors authorized a stock repurchase program of up to 2.5 million shares, displaying the confidence the company has in its business and long-term prospects.
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