Nike Style Store Opens In Seoul
Nike opened its first Nike Style store in the South Korean capital’s Hongdae neighborhood to “serve a distinct sport lifestyle audience through the lens of style, featuring gender-agnostic zones for fleece, tops, footwear, accessories, and other style-led collections.”
Outlast Technologies Appoints Director Of Sales For U.S. And Canada
Outlast Technologies GmbH, based in Heidenheim, Germany, has hired Nick Lane as director of sales for the U.S. and Canada.
Families Prioritize Back-to-School And College Spending Amidst Rising Inflation
As inflation continues to rise, one-third of consumers (38 percent) said they are cutting back on spending in other areas to cover the cost of items for the upcoming school year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.
Prime Day 2022 Breaks Records
Amazon Prime members purchased more than 300 million items worldwide during Prime Day 2022, making this year’s event the biggest Prime Day event in Amazon’s history.
Dickies Appoints Global Creative Director
Dickies, which is owned by VF Corp., appointed Matt Lambert as global creative director. Lambert was previously creative director at Backcountry from May 2021 and January 2022.
Walmart U.S. Apparel GMM To Retire
Deanah Baker, senior vice president of apparel for adults, kids, baby, and shoes, is retiring from Walmart after 32 years with the retailer.
Saks’ Survey Finds Luxury Spending Remains Healthy
Saks released its Luxury Pulse survey. The data shows that higher-income consumers who shop luxury retail have continued spending, including indulging themselves through fashion and vacation purchases. Additionally, higher-income consumers prioritize health and wellness and complement their lifestyle with luxury self-care, fitness and home products.
KMD Brands Sees 4 Percent Revenue Growth In Fiscal Year
KMD Brands, the parent of Kathmandu, Rip Curl and Oboz, said it expects total sales for the year ending July 31 to be in the range of $955 million to $965 million, representing a gain of 4 percent compared with $922.8 million a year ago.
Compass Diversified Completes Acquisition Of PrimaLoft
Compass Diversified announced the completion of the company’s previously announced acquisition of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft.
Fanatics To Expand Nike Partnership Around Colleges
Fanatics is entering into a long-term partnership with Nike to manufacture college sports fan apparel. Starting mid-2024, Fanatics will begin manufacturing most of Nike’s fan apparel for many of its more prominent college partners.
Columbia Sportswear Appoints Board Member
Columbia Sportswear Company announced that its board of directors appointed Christiana Smith Shi as a director and member of its Audit Committee.
The Running Event Delivers Mentorship Opportunities For Specialty Retailers
The Running Event announced new opportunities for specialty retail professionals leading up to #TRE22 this November 22 through December 1 in Austin, TX.
Nike VP Joins Estée Lauder’s Board
The Estée Lauder Companies, Inc. appointed Angela Wei Dong, global vice president and general manager, Greater China, Nike Inc., to its Board of Directors.
Li Ning’s CFO Retires
Li Ning Company, Ltd. announced that Terence Tsang, its chief financial officer, has retired due to retirement age.
Delta Apparel Expects Q3 Sales Growth Of Approximately 6 Percent
Delta Apparel, Inc. said it expects net sales for its 2022 fiscal third quarter ended July 2 to be approximately $126 million, a 6 percent increase compared to the prior-year third-quarter net sales of $118.7 million and mid-single-digit growth when compared to the pre-pandemic fiscal 2019 third-quarter net sales.
