Mountain Khakis Hires West-Coast Reps
Mountain Khakis named Three Saints Outdoor Agency as its new sales rep for the West Coast. Territories include California, Arizona, Nevada, Washington, Oregon, Montana, Idaho, and Alaska.
Capgemini: Over 75 Percent Of Younger Sports Fans Prefer Watching Outside Of Venues
Seventy-seven percent of Gen Z and 75 percent of Millennials say they prefer to watch sports outside of venues, compared to 53 percent of Baby Boomers and 32 percent above 70 years old, according to Capgemini Research Institute’s latest report “A Whole New Ball Game: Why Sports Tech Is A Game Changer.”
Rally House Sets Three Store Openings
Rally House announced it opened stores in North Little Rock, Philadelphia and Iowa City.
Sports Inc. Renews Partnership With OrderMyGear
Sports, Inc. renewed its partnership with OrderMyGear. Under the multi-year agreement through 2025, OMG maintains the title of Sports, Inc.’s preferred provider of online team stores and group ordering for members.
Frasers Group Forms Joint Venture To Expand In Indonesia
Frasers Group Asia announced a new joint venture agreement with PT Map Active Indonesia to launch Sports Direct in the country. The retail group said the deal is “the first step in a region-wide expansion” between the two and will see the introduction of Sports Direct’s stores across Indonesia, including both the wholesale and retail components.
Ecovative Raises Over $30 Million
Ecovative Design LLC, the eco-friendly materials company based in Green Island, NY, announced it initially closed on a Series E round of over $30 million.
Timberland Taps Nike Vet As Chief Merchandising Officer
Timberland tapped Nike veteran Archie McEachern for the newly created position of vice president and chief merchandising officer, reporting to global brand president Susie Mulder.
Vuori To Open Stores In Colorado And Michigan
Vuori reported it plans to open a store at Somerset Collection, the luxury shopping mall in Troy, MI, and a store at the Park Meadows shopping mall in Lone Tree, CO.
G-III Apparel Group Elects Three To Board Of Directors
G-III Apparel Group, Ltd. elected Dr. Joyce F. Brown, president of the Fashion Institute of Technology (FIT), Michael Shaffer, recently retired COO/CFO of PVH Corp. and an external advisor to several fashion businesses, and Andrew Yaeger, global head of Jefferies’ Strategic Equity Transactions Group to G-III’s Board of Directors.
Torrid Holdings Sees Q1 Net Income Halved As Comps Fall 14 Percent
Torrid Holdings Inc. reported that fiscal first quarter net sales decreased 11.8 percent to $293.9 million. Comparable sales decreased 14 percent. Net income was $11.8 million, or 11 cents per share, in the quarter, compared to net income of $24.1 million, or 23 cents per share in Q1 last year.
Carhartt Names VP Of Global Merchandising
Carhartt hired Tara Roemke as vice president of global merchandising. Roemke joins Carhartt after 13 years at Ariat International, where, most recently, she was the vice president of apparel and denim product management.
Adidas Offers Student Loan Assistance For U.S. Employees
Adidas announced a new program to help U.S. employees working in any area of the company pay off their student loans.
Tommy Bahama Parent Gets Lift From Johnny Was Acquisition To Post Solid Q1 Results
Oxford Industries, Inc. reported that consolidated net sales in the first quarter ended April 29 increased 19 percent to $420 million. On an adjusted basis, EPS increased to $3.78 compared to $3.50 in the first quarter of fiscal 2022.
HanesBrands Inks Primary Apparel Partnership Deal With The University Of Minnesota
HanesBrands signed a new primary apparel partnership with The University of Minnesota. The ten-year strategic agreement gives HBI exclusive rights to design, manufacture and distribute fanwear across mass and campus/local retail channels.
NRF Elects Five New Board Members At Summer Board Meeting
The National Retail Federation elected five new members to the organization’s Board of Directors during the trade association’s summer board meeting in Washington, D.C.
