HanesBrands Extends Long-Term Apparel Partnership With Penn State
HanesBrands and Penn State reported a multi-year extension of its apparel partnership, giving HBI exclusive rights in the mass retail channel.
Study: U.S. Fan Interest In Soccer Growing
A new data report on the state of U.S. soccer fandom from Sports Innovation Lab found that American interest in soccer has reached the average global interest level.
Fanatics Signs Retail Partnership Deal With England’s Barnsley F.C.
Fanatics signed a long-term multichannel retail partnership with Barnsley F.C., a professional football club based in Barnsley, South Yorkshire, England.
Fanatics To Acquire PointsBet’s U.S. Assets To Jumpstart Gambling Push
Fanatics has agreed to acquire the U.S. operations of PointsBet, marking a big leap into U.S. sports gambling for Fanatics. The deal is worth about $150 million in cash.
Puma Appoints New Managing Director For Puma India
Puma has appointed Karthik Balagopalan as the new managing director of Puma India, one of the company’s fastest-growing markets. Balagopalan most recently was Puma’s global director of retail and e-commerce. He replaces Abhishek Ganguly.
Von Maur’s Dry Goods Retail Brand To Open 11 Stores In 2023
Von Maur’s Dry Goods plans to open 11 additional locations in 2023, including the retailer’s first stores in Alabama, Arkansas and New York. The plan will expand the retailer’s footprint to 81 locations.
Nike Opens First Nike Live Store In Portland, OR Metro Area
Nike opened its first Nike Live concept in the Portland, OR, metro area, marking its 50th Nike Live location.
Hurley Parent Bluestar Alliance Names President For Scotch & Soda Brand
Bluestar Alliance, the New York-based owner of Hurley, Bebe and Tahari, hired Anthony Lucia as global president of the Scotch & Soda USA and Global Business Operations.
Report: Under Armour May Exit Notre Dame License
Notre Dame’s exclusive negotiating window with apparel sponsor Under Armour has expired, potentially leading to a new brand sponsor for the University.
Mountain Khakis Hires eCommerce Director
Mountain Khakis hired Jinnie Austin as eCommerce Director, with ten-plus years of experience in marketing and digital leadership roles.
Adidas To Sell Off Yeezy Inventory, Donate Some Proceeds To Charity
Adidas is planning to sell off the unsold Yeezy inventory and donate some of the proceeds to charity, according to early reporting out of the company’s annual meeting by the Financial Times.
Canadian Tire Sees Strong Helly Hansen Q1, SportChek Gain Partially Offset CTR Decline
Canadian Tire Corporation, the parent of retailer SportChek and the Helly Hansen brand, reported first-quarter Retail revenue was CN$3.34 billion, a decrease of 4.8 percent compared to the prior-year period. Diluted EPS was CN$0.13 in the quarter compared to CN$3.03 in the prior-year period.
Fanatics Hires CFO For Commerce Business
Fanatics named Krishna Rao as chief financial officer of Fanatics Commerce, its retail operation. In his role, Krishna will oversee all finance functions and strategic planning of its Commerce business, reporting to Fanatics Commerce CEO and Fanatics Vice Chairman, Doug Mack.
Werewool Secures $3.7M In Seed Funding
Werewool, a New York-based provider of sustainable performance fibers, raised $3.7 million in a funding round led by Material Impact and Sofinnova Partners.
Dillard’s Q1 Flies Past Analyst Targets
Dillard’s, Inc. reported earnings declined 19.8 percent in the first quarter ended April 29 against difficult year-ago comparisons. Results came in well above analyst targets. Same-store sales slid 4 percent.
