Retail Sales Jump In October
The U.S. Census Bureau said overall retail sales in October were up 1.7 percent seasonally adjusted from September and up 16.3 percent year-over-year.
The House Of LR&C Strengthens Advisory Group
The House of LR&C, a fashion house founded by Ciara, Russell Wilson and Christine Day, announced that the company has appointed David Adelman to its Board of Directors. The company also announced that they are bolstering internal resources with the addition of apparel industry executives Sheree Waterson and Gemo Wong as Advisors.
Peloton To Sell $1 Billion In Stock
Peloton Interactive Inc. announced that it has commenced an underwritten public offering of $1 billion of shares of its Class A common stock.
On Q3 Revenues Surge 68 Percent In Third Quarter
On Holding AG, in its first report since going public, reported sales grew 68 percent in the third quarter as sales continued to accelerate in all channels, regions and product categories. Adjusted EBITDA ran up 67.9 percent and the gross margin reached 60.2 percent, up from 54.5 percent a year ago.
Fila Korea Q3 Sales Rose 1.1 Percent
Fila Korea reported net profits fell 20.2 percent in the third quarter as sales gained 1.1 percent.
Foot Locker Merges Champs Sports And Eastbay Brands
Foot Locker announced it is officially merging its Champs Sports and Eastbay brands after integrating the corporate organizations for both banners last year.
ISPO Munich And OutDoor By ISPO Permanently Shift To New Dates
Together with sports and outdoor brands, retailers and industry associations, Messe München made two major changes effective immediately—ISPO Munich will be held permanently at the end of November, thus leaving the previous January date, and OutDoor by ISPO is moving permanently from the end of June to the end of May/beginning of June.
Uninterrupted Appoints Creative Director
Uninterrupted, the media company spearheaded by LeBron James and Maverick Carter, has appointed Salehe Bembury as its creative director.
Compass Diversified Prices Proposed Private Offering
Compass Diversified (CODI) announced that the company has priced $300 million in aggregate principal amount of 5.000 percent senior unsecured notes due 2032 at an issue price of 100 percent in a previously announced private offering.
Running USA Releases Results Of 2021 Event Management Study
Running USA released the results of its 2021 Event Management Study that documents the challenging environment for event operators who are working to bring races and running festivals back to pre-pandemic participation levels.
Puma Golf Expands Partnership With Golf Canada
Puma Golf and Golf Canada announced an expansion of its current partnership, naming Puma as the Official Apparel and Headwear Partner of Golf Canada’s National Team Program.
Canada’s Kanuk To Open Its First U.S. Store
Kanuk will open its first U.S. store in New York City’s SoHo neighborhood. The store will be the Montréal-based, outerwear brand’s first retail store outside of its Quebec hometown.
Lune Active Secures North American Distributor
Amsterdam-based Lune Active has retained Montreal-based In-Sport Fashions as its distributor in North America.
Amundsen Sports Opens Store In Boulder
Amundsen Sports has opened a “Clubhouse” on Pearl Street in Boulder, CO. The location serves as office space for its North American business operations, a showroom for retailers and an event space to showcase product.
Alibaba’s Singles Day Posts Record Sales
Alibaba Group Holding Ltd.’s Singles’ Day shopping festival posted record sales of 540.3 billion yuan ($84.5 billion), an 8.5 percent increase over last year
