›TJX’s Q3 Surpasses Wall Street Targets
The TJX Companies Inc. reported earnings grew slightly and easily topped Wall Street’s consensus estimate. Overall open-only comp-store sales were down 5 percent versus last year. Comps at Marmaxx (U.S.), including T.J. Maxx, Marshalls and Sierra Trading, were down 10 percent. Read more

›Adidas Partners With LeAD Sports & Health Tech
Adidas has formed a formal partnership with Berlin-based leAD Sports & Health Tech accelerator, which is backed by the family of Adidas founder Adi Dassler and supports start-ups. Read more

— November 17, 2020 —

›Logo Brands Strikes Licensing Deal With LSU
Logo Brands, Inc. has entered into a five-year exclusive licensing agreement for tailgate items with Louisiana State University, effective January 1, 2021. Read more

›Kind Bars Acquired By Mars
Mars Inc. will acquire Kind North America, the maker of Kind bars and one of the country’s largest snack food companies. Terms of the deal were not disclosed, but the New York Times cited sources who said the deal values Kind NA at $5 billion. Read more

›K-Swiss Appoints Director Of Tennis
K-Swiss appointed Dave Malinowski as director of tennis. He most recently worked for Adidas North America as senior director of specialty sports. Read more

›Exped USA Appoints Midwest Sales Team
Exped USA announced the addition of Parallel 45 Sales Group as brand partners. The Parallel 45 Sales Group will oversee strategy, sales and service in North Dakota, South Dakota, Nebraska, Missouri, Iowa, Illinois, Minnesota, Wisconsin, and Michigan’s Upper Peninsula. Read more

›NRF Reports: October Retail Sales Grew As Holiday Shopping Starts Early
Retail sales grew for the sixth month in a row in October, with sales significantly better than the same time a year ago as the economy continued to recover and consumers began their holiday shopping early, the National Retail Federation said. Read more

›MycoWorks Raises $45M In Series B Financing
MycoWorks, based in San Francisco, announced the closing of a $45 million Series B financing to scale up and meet the demand for Reishi, the natural, non-animal leather material. Read more

›Outdoor Retailer Opens Registration For Virtual Winter Tradeshow
Registration is open for OR Winter Online, its digital marketplace and online experience. Opening January 6, 2021, the virtual event will include key Summit Days from January 20-23 through March 19, 2021. Read more

›USA Pickleball Appoints CEO
USA Pickleball, the national governing body of pickleball, announced that Stu Upson has become CEO. Read more

›Kohl’s Q3 Comps Drop 13.3 Percent
Kohl’s reported third-quarter earnings that were significantly better than Wall Street’s targets although same-store sales were down 13.3 percent. Read more

— November 16, 2020 —

›Sperry Names Chief Marketing Officer
Sperry, a division of Wolverine Worldwide, appointed  Elizabeth Drori as its new chief marketing officer. Most recently, she was head of marketing for Walmart’s fashion business. Read more

›Sequential Brands Posts Q3 Profit Against Loss
Sequential Brands Group reported a profit against a year-ago loss in the third quarter as sales declined slightly. Read more

›SFIA Appoints Chief Business Officer
The Sports & Fitness Industry Association announced the appointment of Bill Patterson as SFIA’s chief business officer, effective immediately. He formerly worked for OpSec Security. Read more

›Dynamic Brands Announces New Hires In Richmond And Pageland
Dynamic Brands announced new hires at its corporate headquarters in Richmond, VA and at their Pageland, SC production facility. Read more

›Strava Announces $110 Million Financing
Strava announced that it has raised $110 million in a Series F financing round led by TCV and Sequoia Capital, with participation by Dragoneer Investment Group and existing investors including Madrone Capital Partners, Jackson Square Ventures, and Go4it Capital. Read more

›Therabody Acquires RP Sports
Therabody, formerly known as Theragun, said it has acquired RP Sports and its clinical technology product line, RecoveryPump. Read more

›Puma To Sponsor United Soccer League
The United Soccer League, based in Tampa, FL, announced a new three-year agreement that makes Puma the national partner for the new USL Academy League. Read more

›Simon Property, Taubman Agrees To Price Reduction In Reverse Merger
Simon Property Group Inc. and Taubman Centers Inc. announced that they have reached a definitive agreement modifying certain terms of the original merger agreement, including a modified purchase price of $43.00 per share in cash and other provisions to reduce closing conditionality. Read more

›Camping World Agrees To Acquire Outlet Recreation
Camping World Holdings Inc. announced an agreement to acquire the Outlet Recreation dealership based in the Fargo market. This acquisition marks the company’s first location in North Dakota, with plans for the deal to close in December 2020. Read more

›Iconix’s Q3 Revenue Improves, Sales Slide
Iconix Brand Group Inc. reported total revenue for the third quarter of 2020 was $24.5 million, a 31 percent decline, compared to $35.5 million in the third quarter of 2019. Read more

›Shred Home + Fitness Raises $4 Million
Shred, the home + fitness app creator, announced $4 million in seed funding and will use the revenue to grow its digital fitness platform, bring new products and features to market, and launch a streaming video service for customers to work out with friends. The service rolls out end-year. Read more

›Stein Mart Receives Bid For IP Assets
Hilco Streambank is marketing the intellectual property assets of Stein Mart after the retailer signed a $4 million deal with a subsidiary of Retail Ecommerce Ventures (REV) to be the stalking horse bidder for Stein Mart’s IP. Read more

›Lululemon To Start Selling Mirror In Stores
Lululemon will begin selling its recently acquired Mirror home gym in 18 stores across the U.S. from this month. The cities include New York, Washington, D.C., Miami, Chicago, Minneapolis, Dallas, Los Angeles, and San Francisco. Read more

›Consumer Confidence Slips In October
Consumer confidence waned in October, reflecting somewhat less optimism about the jobs market and the U.S. economy in the next six months amid another outbreak of coronavirus cases. Read more

›Crosson Ski Appoints Chief Innovation Officer
Crosson Ski said Bode Miller, the five-time Olympic medalist, has teamed with aerospace engineer, Chase Englehart, to serve as its chief innovation officer. The pair will debut Crosson’s expanded line of skis later this month, including a series built with carbon fiber and centered around traditional ski manufacturing. Read more

›Adidas Appoints Global Head Of Marketing
Adidas has appointed Vicky Free as senior vice president of global marketing at Adidas effective January 4, 2021. Read more

Photo courtesy Lululemon