Zalando Estimates Second Quarter Sales Reached $1 Billion
Zalando SE, which has emerged as a leading online fashion retailer across Western Europe, released preliminary figures showing its revenues grew 24 to 26 percent to €909-924 million in the second quarter.
Report: Sports Authority Accelerates Store Closings
Sports Authority is looking to liquidate and close the majority of its stores by the close of July instead of by the end of August, according to a report in the Wall Street Journal.
Nordstrom Promotes Scott Meden and Kristin Frossmo
Nordstrom appointed Scott Meden to executive vice president and chief marketing officer and Kristin Frossmo to executive vice president of Shoe Division.
Dick’s SG to Open 650,000-Square-Foot DC in Upstate New York
Dick’s Sporting Goodswill invest $100 million to build a regional distribution facility at the Broome County Corporate Park in the Town of Conklin, NY. The news was announced by New York Governor Andrew M. Cuomo
Differential Brands Group Acquires Swims Brand
Differential Brands Group Inc. completed the acquisition of Swims AS, a Scandinavian lifestyle brand best known for its range of fashion-forward, water-resistant footwear and sportswear.
EMS and Bob’s Complete Restructuring
Versa Capital Management, LLC announced the formation of Eastern Outfitters, LLC, which will continue the restructured and recapitalized operations of Eastern Mountain Sports (EMS) and Bob’s Stores (Bob’s). EMS and Bob’s will operate as business units of Eastern Outfitters, LLC, a new holding company with over $400 million in annual multi-channel revenue
Adidas by Stella McCartney Enlists Supermodel for Fall/Winter Campaign
Adidas by Stella McCartney enlisted supermodel Karlie Kloss to join on as the face of the Fall/Winter 2016 Adidas by Stella McCartney campaign.
World Running Gear Market Growing
Global running gear market analysts say rising product innovation is boosting market growth.
Amazon to Add Another Fulfillment Center
Amazon.com Inc. announced plans to open a fulfillment center in Sacramento that will be its tenth in California and fourth announced for the state in four months.
Adidas to Open Speedfactory in U.S. in 2017
Adidas Group at an investor event today in Herzogenaurach confirmed plans to open a Speedfactory facility in the U.S. at the end of next year.
Sportsman’s Warehouse to Hold Grand Opening in Roseburg, OR
Sportsman’s Warehouse is expanding its operations to include a new retail location in Roseburg, Oregon.
Under Armour Leads in Most Valuable College Deals
Under Armour holds four of the top ten most valuable college sports apparel deals, according to Forbes. Nike, not surprisingly, holds a wide majority of the top 65 college deals.
Nike Appoints VP of Running
Nike Inc. announced that Steve Lesnard will become VP, GM of global running, succeeding Patrick Seehafer who will become VP, Europe Merchandising.
Vaude Commits to Greenpeace Detox Goal
Vaude has committed to meet the Greenpeace Detox challenge, which asks outdoor apparel brands to eliminate all hazardous chemicals in its supply chain by 2020.
Under Armour Spends $70.3 Million on New Headquarters Site
Under Armour reportedly purchased land in Port Covington, one of the largest urban renewals projects in the country taking place on the Baltimore, MD waterfront, in what The Baltimore Sun purports would be the brands new headquarters. The space cost the brand $70.3 million.
