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.
Nordstrom Names Chief Financial Officer
Nordstrom Inc. hired Cathy R. Smith as chief financial officer, effective May 29, 2023. Smith joins Nordstrom from Bright Health Group where she has served as chief financial and administrative officer since 2020.
KMD Brands Appoints CEO Of Kathmandu
KMD Brands, Ltd., the parent of Kathmandu, Rip Curl and Oboz, hired Megan Welch as CEO of Kathmandu, effective August 7.
JD Sports Fashion Appoints New Group CFO
JD Sports Fashion Plc, the parent company of JD, Finish Line, DTLR, and Shoe Palace, has appointed Dominic Platt as chief financial officer and as a member of the Board of Directors. He is expected to join the company later this year.
