Lids Expands Into Mexico
Lids is expanding internationally by opening its first independent stores in Mexico over the next several months.
Under Armour Appoints India Distributor
Under Armour has appointed Underdog Athletics as the exclusive distributor and licensee for the brand in India.
361 Degrees Sees High-Teens Retail Growth In First Quarter
China-based 361 Degrees posted high-teens year-on-year growth for its retail sales performance in the first quarter of the year, while the overall retail sales of its e-commerce products grew approximately 50 percent compared with 2021.
Li-Ning Sees Robust Retail Sell-Through In First Quarter
Li-Ning posted a nearly 30 percent year-on-year increase in retail sell-through in the first quarter of 2022.
Lululemon Announces Plan To Double Revenue By 2026 To $12.5 Billion
Building on the momentum of the last three years and having successfully delivered its overall revenue and earnings goals early, Lululemon Athletica, Inc. announced a new Power of Three ×2 growth strategy that includes a goal to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026.
Nike Updates Hybrid-Work Plans
Nike announced a new remote work policy that will allow employees to work remotely up to four weeks per year.
NFW Closes $85 Million In Series B Funding Round
Natural Fiber Welding, Inc. (NFW) announced it has closed an $85 million funding round to scale production of its all-natural, circular materials products coming to market with a wide array of global brand partners. Evolution VC Partners led the round.
Clarus Corporation Announces Upsized $425 Million Credit Agreement
Clarus Corp. announced that it has amended and upsized its existing senior secured credit facility jointly led by JPMorgan Chase Bank, N.A. and Bank of America, N.A.
Boardriders Announces Retirement Of Shannan North
Boardriders, Inc. announced that Shannan North, president of commercial strategy and growth and chief brand officer, plans to retire.
Rally House To Open Stores In South Bend
After opening three stores in Indianapolis in 2021, Rally House plans to open Rally House Erskine Village and Rally House University Crossings in the South Bend market.
Nike Appoints Twitter Exec To VP Of Digital Design
Nike, Inc. has hired Dantley Davis, former chief designer officer at Twitter, as VP of digital design.
NRF Calls For Visa And Mastercard To Cancel Swipe Fee Increases
The National Retail Federation urged Visa and Mastercard to cancel credit card swipe fee increases scheduled to take effect this month, citing a letter from both Republican and Democratic members of Congress saying higher fees would add to inflation.
Champs Sports Opens Homefield Concept In Pembroke Pines
Champs Sports, part of Foot Locker, Inc., will open the brand’s retail concept store, Champs Sports Homefield, in Pembroke Pines, FL, on April 23. The largest of all Foot Locker, Inc. subsidiaries worldwide totals more than 35,000 square feet.
Rally House To Open In Omaha And Columbus
Rally House announced plans to open new stores in Omaha, NE and Columbus, OH.
USTA Promotes Sherr To CEO And Executive Director
Lew Sherr, the current chief revenue officer of the USTA, has been named USTA chief executive officer and executive director.
