Asics To Raise $1.2 Billion In Secondary Stock Offering
The secondary offering will be divided into two parts—a Japanese secondary offering of 27.2 million shares and an International secondary offering of 46.8 million shares.
EXEC: JD Sports Completes Acquisition of Hibbett Sports
Hibbett is now part of JD and will cease to be a stand-alone publicly traded company. Mike Longo will continue as president and CEO of Hibbett and Jared Briskin is now chief operating officer.
Tractor Supply’s Q2 Comps Slip as Strength in Seasonal Offset by Discretionary Weeakness
The comp store sales decline was driven by a comparable average transaction count decline of 0.6 percent, partially offset by a comparable average ticket increase of 0.1 percent. EPS rose 2.6 percent.
EXEC: Moncler Group Posts Double-Digit Sales Growth in First Half
The company reported first half revenues increased 11 percent year-over-year in constant-currency terms to €1.23 billion, Moncler brand revenues of €1.04 billion and Stone Island brand revenues of €188.9 million.
NFL Expands Partnership with New Era Cap to Include Outfitting Scouting Combine
The NFL’s expanded partnership with New Era Cap will provide all performance apparel and headwear used by NFL Combine participants and introduce a new apparel line.
Report: Over Half of U.S. Consumers Plan to Watch Olympics
Nike is the brand most associated with Team USA, with 64 percent of consumers associating Nike, an official outfitter of Team USA, with the Olympics, followed by Adidas at 39 percent, and Under Armour at 26 percent.
Nike to “Modernize” Tech Division; Hires Former Salesforce Exec as CIO
Cheryan Jacob, a former Salesforce, Inc. executive, was hired this month as CIO as part of an effort to “modernize” the active lifestyle company’s technology infrastructure.
New Report Identifies Major Retailer Concerns for Holiday 2024
Imagine steering your retail business into the bustling Holiday 2024 season while fixated on your rearview mirror. First Insight reported that’s essentially what retailers do when they rely solely on past sales data and old customer reviews.”
DKS Partners with Team USA and LA28 Olympic and Paralympic Games
DKS will also serve as an official supporter of Team USA for the Paris 2024, Milano Cortina 2026, and LA28 Olympic Games. The retailer also released a new marketing campaign called Big Moments.
Imperial Headwear Names VP, Peter Millar Licensing
Andrew Blatnik comes to Imperial from Oak Hill Country Club, where he served as the PGA director of retail operations. His previous experience also includes roles at Pinehurst Resort & Country Club and Wannamoisett Country Club.
Journeys Group Names EVP & Chief Marketing Officer
Stacey Doren will lead all marketing functions, building on Journeys’ foundation as a retailer that sells fashion footwear to teens, kids, and young adults in the U.S., Canada, and the U.K. She joins Journeys after a 24-year career at Levi’s
EXEC: Royal Robbins Parent Sees “Disappointing” Q2 as Inventory Woes Persist
Fenix said the retailer market still faced a situation with higher-than-normal inventory, as well as volatile trading because of weather and said there are also indications that a number of retailers are facing some liquidity/financial problems.
EXEC: Sports Direct Parent Sees Adjusted Profit Up Double Digits as Sales Inch Up
Excluding the impact of the 53rd week in fiscal 2023, Retail revenues increased by 0.6 percent year-over-year to £5.54 billion for the 52-week fiscal 2024 period ended April 28.
Perfect Moment Taps America Eagle Subsidiary as U.S. Distribution Partner
The fashion skiwear and active lifestyle brand has partnered with Quiet Platforms, a wholly-owned subsidiary of American Eagle Outfitters Inc., to establish distribution and order fulfillment centers in key markets across the U.S.
Ross Stores Opens 24 New Locations
Together, Ross Dress for Less and DD’s Discounts operate 2,148 locations in 43 states, the District of Columbia and Guam.
