Canada Goose Accelerates Expansion Of Japanese Market
Canada Goose Holdings Inc. and longstanding partner Sazaby League Ltd. have entered into an agreement to create the joint venture Canada Goose Japan, with plans to accelerate DTC expansion, including retail stores.
Nike’s Q3 Tops Wall Street’s Targets On Digital Momentum
Nike, Inc. reported earnings topped Wall Street’s targets by 15 cents in the fiscal third quarter ended February 28 with sales also slightly ahead of estimates. Sales grew 8 percent on a currency-neutral basis, led by a 17 percent gain in DTC and a 22 percent gain in digital. Double-digit digital growth in North America, APLA and EMEA offset declines in Greater China.
Foot Locker Hires President, Global Brands
Foot Locker Inc. announced it hired Samantha Lomow as president, Global Brands. Lomow joins the company from Hasbro, Inc., where she was president, Branded Entertainment.
Kohl’s Confirms Buyout Interest From ‘Multiple’ Parties
Kohl’s Corp. acknowledged receipt of multiple preliminary indications of interest in acquiring the company. The proposals received are non-binding and without committed financing.
The Renewal Workshop Acquired By Bleckmann
The Renewal Workshop, based in Cascade Locks, OR, has been acquired by Dutch logistics company Bleckmann.
Under Armour Supply Chain Exec Joins Figs
Jami Pinto, formerly senior vice president, global product supply at Under Armour, has become chief global product and sustainability officer at Figs, the manufacturer of scrubs and medical apparel.
Rally House Opens 11th Michigan Store
Rally House has opened its 11th store in Michigan in Woodhaven.
Nordstrom Rack Makes Executive Hires
Nordstrom Rack appointed Nancy Mair as senior vice president, Rack merchandising; Kelley Wotton-Gantner as vice president, divisional merchandise manager; and Stacy Lippa as vice president, Rack supply chain.
Li Ning Sees 2021 Revenues Surge 56 Percent
Li Ning reported earnings more than doubled in the year ended December 31 as sales grew 56 percent.
SV Sports Secures New Funding Round
SV Sports, formerly Schuylkill Valley Sports, has completed a new funding round that included participation from Chris Paul, the 12-time NBA All-Star.
L.L.Bean Sees 14 Percent Revenue Gain In 2021
L.L.Bean announced the close to its 2021 fiscal year, with annual net revenue totaling $1.8 billion, with a 14 percent increase over 2020. The performance marked one of the most successful years in its history.
VF Corp. Appoints Kevin Bailey As Global Brand President, Vans
VF Corp. announced that Kevin Bailey was promoted to the position of global brand president, Vans. Bailey will continue reporting to VF’s chairman, president and CEO, Steve Rendle and serve on the company’s executive leadership team.
On Holding’s Sales Jump 54 Percent In Fourth Quarter
On Holding AG reported net sales increased by 53.7 percent in the fourth quarter ended December 31 and by 70.4 percent in fiscal year 2021. The Swiss running brand predicted sales would expand at least 37 percent compared in 2022 with production capacity recently returning to pre-lockdown commitment levels.
Nordstrom Appoints Board Member
Nordstrom announced it had appointed Amie Thuener to its board of directors.
Orvis Hires Vice President, Conservation And Sustainability
Orvis announced it hired outdoor industry veteran Laura Schaffer to the newly created position as vice president, conservation and sustainability
