EXEC: Wall Street Sounds Off on VF Corp’s Supreme Sale
SGB Executive compiled input from notes produced by a range of Wall Street sell-side analysts to get a feel for how the deal is being viewed and measure if the perspectives of the Street are fairly universal. They were not.
Beyond, Inc. Re-Launches Overstock.com with Expansion of Categories
The revived Overstock.com, another retail rehab project led by investor and business mentor Marcus Lemonis, now has an inventory lineup that includes closeouts, liquidation, factory direct, and reverse logistics merchandise.
New Balance Partners With the WNBA to Expand Basketball Presence
NB will create broadcast, digital and retail content featuring NB athlete and WNBA rookie Cameron Brink, the second overall selection in the WNBA Draft 2024 presented by State Farm, who signed a NIL deal with NB in 2023.
Birkenstock to Open First Storefront in Paris
Founded in 1774, Birkenstock’s first free-standing store will open on July 20 in Paris’ Marais district.
Reebok x Juicy Drop Limited Edition Footwear and Apparel Collection
Reebok’s sport heritage mixes with Juicy rhinestones and Velvet in this limited-edition footwear and apparel capsule collection.
Play It Again Sports Parent Sees Flat Q2 on Planned Decline in Leasing Revenue
The company recently made the decision to no longer solicit new leasing customers and pursue an orderly run-off of its middle-market leasing portfolio. Resulting leasing revenue was halved year-over-year.
Authentic Partners with Velocity Global Brands for Lucky Brand Workwear
Through the agreement, Velocity will design, manufacture and distribute men’s and women’s workwear across the U.S. and Canada for the denim and lifestyle brand.
Ralph Lauren Issues Statement Relating to Recent Indonesia Media Reports
The company said it does not directly operate any stores in Indonesia, nor has it authorized or entered into an agreement with any partner or distributor to operate any “Polo Ralph Lauren” or other “Ralph Lauren” branded stores in Indonesia.
EXEC: VF Corp. Divests Supreme Brand to Oakley Parent in Cash Deal
The transaction is expected to close by the end of calendar year 2024, subject to customary closing conditions and regulatory approvals. The $1.5 billion sale of Supreme is expected to be dilutive to VF’s earnings per share in fiscal 2025.
Vans “Always Pushing” Campaign Highlights Off The Wall Mindset
Vans tapped creatives that “embody the ‘Always Pushing’ ethos … to create a tapestry of content that spans cities worldwide, from Paris to LA and Tokyo,” developed in partnership with Alex/2Tone.
Skechers Signs Beach Volleyball Pros Andy Benesh and Miles Partain
The pair will wear the brand’s performance apparel and headwear, including Skechers-branded hats, tank tops and shorts, when competing in this year’s Summer Olymics in Paris.
U.S. Census Bureau Reports 1.3 Percent YoY Growth for June Core Retail Sales
June’s core retail sales as defined by NRF, based on the Census data but excluding automobile dealers, gas stations and restaurants, were up 0.9 percent seasonally-adjusted MoM and up 1.3 percent unadjusted YoY.
EXEC: Adidas Raises Full-Year Outlook Again After Double-Digit Q2 Growth
In euro terms, the company’s revenues grew 9 percent to €5.82 billion from €5.34 billion in Q2 last year. Excluding Yeezy sales in both years, currency-neutral revenues increased 16 percent for the quarter.
Deloitte Sees BTS Spending Flattening Amid Financial Concerns
Ongoing perceptions of inflation and a cost-of-living squeeze will keep spending steady from last year as K-12 parents weigh prices and priorities in preparation for the new school year as they budget for necessities and make room for a few indulgences.
Rally House Opens in Lakewood, CO
The Lakewood location is the company’s third storefront in the state after opening Rally House Outlets at Castle Rock and Rally House Alcove on Arapahoe at the beginning of June.
