Mike Ashley Returns To Frasers Group As Consultant
Mike Ashley has reportedly returned to his founding company Frasers Group, the parent of Sports Direct, as a consultant. Ashley, who owns 69 percent of the company, stepped down from the top position last year, later appointing his son-in-law Michael Murray as CEO.
Safilo Group Renews Tommy Hilfiger Eyewear License Through 2030
Safilo Group executed an early renewal of its global licensing agreement with Tommy Hilfiger, which is owned by PVH Corp., for the design, manufacturing and distribution of Tommy Hilfiger-branded sunglasses and optical eyewear collections until December 31, 2030.
LaserTek Solutions Named Master Distributor For Stahls’
Stahls’ announced LaserTek Solutions as a new Master Distributor for Cad-Cut HTV and Hotronix heat presses.
White Mountain Signs Outerwear Licensee Deal
White Mountain and Cliffs, the comfort footwear brands, signed a new licensing agreement with Mirage Fashion Group to distribute rain, lightweight and heavyweight outerwear for men, women and kids.
American Sportfishing Association Elects Four Board Members
The American Sportfishing Association (ASA) elected four members to fill two at-large and two regional seats on its board of directors. Their three-year terms begin October 1, 2023.
ICSC Survey: Gen Z Are Career-Driven, Credit-Averse And Tempted By Immersive Retail
ICSC’s latest study, “The Rise of the Gen Z Consumer,” shows a generation keenly aware of the state of the U.S. economy as the demographic’s spending power grows and balances being cost-conscious with the willingness to pay for convenience and quality.
Forman Mills To Be Sold To Shoppers World
Forman Mills, the off-price retailer based in Pennsauken Township, NJ, agreed to be purchased by New York-based discount retailer Shoppers World.
Nike To Open Flagship Store In Edmonton
Nike plans to open a flagship store West Edmonton Mall in Edmonton, which will become Canada’s largest store.
Report: Lululemon Struggles To Find Buyer For Mirror
Lululemon Athletica, Inc. cannot find a buyer for its Mirror connected fitness platform despite reducing the price by nearly 90 percent.
Skechers U.S.A. Named To Fortune 500 List For First Time
Skechers U.S.A., Inc. made the Fortune 500 list for the first time following record annual sales of $7.4 billion in 2022. Skechers is one of only four brands in the apparel industry sector to make the list, debuting at number 488.
Under Armour Confirms Corporate Layoffs In Cost-Control Efforts
Under Armour, Inc. has confirmed reports that it laid off 50 corporate employees as part of its cost-control efforts.
Academy Sports Names New Chief Merchant
Academy Sports + Outdoors Inc. promoted Matt McCabe to executive vice president and chief merchandising officer effective June 25, succeeding Steve Lawrence, who transitioned to CEO. McCabe will report directly to Lawrence.
Under Armour Extends Partnership With University Of Texas Rio Grande Valley
The University of Texas Rio Grande Valley (UTRGV) Department of Intercollegiate Athletics extended its partnership agreement with BSN Sports to keep Under Armour the University’s official athletic footwear, apparel and accessory brand through the 2028/29 academic year.
Running USA Elects New Board Members
Running USA elected seven new members to its board for three-year terms beginning on July 1, 2023 and ending on June 30, 2026.
Lacrosse Unlimited Opens Location In Bronxville
Lacrosse Unlimited opened a store in Bronxville, NY, on June 10, marking its 49th location at 24 Palmer Avenue a few doors down from the Bronxville Fitness Club.
