Evo Acquires Rhythm Japan
Evo, the Seattle-based outdoor retailer, has acquired Rhythm Japan, a Hokkaido, Japan-based snow gear rental company, along with its winter apparel brand, Oyuki.
JD Sports Raises Outlook On Merry Holiday Results
JD Sports Fashion, which owns Finish Line, DTLR Villa and Shoe Palace in the U.S., on Wednesday raised its annual profit forecast for the second time in four months. Total revenues for the twenty-two week period ended January in the Group’s same-store businesses were more than 10 percent ahead of the same period in 2020 with an equally positive performance across the Black Friday and Christmas period.
Fanatics Appoints SVP, International Business Development
Fanatics announced the appointment of Matthew Primack as senior vice president, International Business Development. He was formerly at IMG Licensing.
Adidas Sets Major Expansion For Downtown Los Angeles
Adidas has leased 107,000 square feet of office space in downtown Los Angeles marking a major expansion of its Los Angeles operation for marketing and sales and design according to a report in the Wall Street Journal.
Skyou Acquires OTC & Apparel
Skyou has acquired OTC & Apparel along with its sports apparel brand, Shark Sportswear. Both companies are based in San Diego, CA.
REI To Open Distribution Center In Tennessee With Sustainability In Mind
REI announced that it is building a distribution center in Lebanon, TN to support its growth on the East Coast and in the Midwest and South.
Adobe: Holiday Online Sales Grew 9 Percent
Adobe released the Adobe Digital Economy Index, its final online shopping figures for the holiday season (November 1 to December 31). Consumers spent a total of $204.5 billion over the 2021 holiday season, up 8.6 percent year-over-year (YoY).
Tecnica Group Hires Social & Environmental Impact Guide
Tecnica Group North America hired Matthew Miller to the newly created position of social & environmental impact guide.
Urban Outfitters Holiday Comps Rise 14.6 Percent
Urban Outfitters, Inc. announced net sales over November and December rose 14.6 percent, although it indicated that higher freight costs and promotions at the Free People brand will impact margins.
Amer Sports Divests Suunto To Liesheng
Amer Sports has reached an agreement to divest Suunto to Liesheng, a Chinese technology company focusing on the smart & sport wearables electronics segment.
Port Of Los Angeles Applauds Governor Newsom’s Port Investment Plan
On Monday, the California Governor, Galvin Newsom, unveiled his 2022/23 state budget proposal, known as “The California Blueprint.” The proposed budget includes a planned record investment of $2.3 billion for California ports.
JCPenney Executive Hires Support E-Commerce And Omnichannel Development
JCPenney said former Gap and Walmart executive Sharmeelee Bala has been named chief information officer and Katie Mullen has joined the company from Neiman Marcus Group as chief digital and transformation officer.
Simms Acquires The River’s Edge
Simms Fishing Products, manufacturer of waders, outerwear, footwear, and technical apparel in fishing, announced it has acquired Bozeman, MT-based specialty retailer, The River’s Edge Fly Shop.
Nester Hosiery Appoints SVP Brands And Licenses
Nester Hosiery, the maker of merino wool socks and parent of Farm to Feet, has added Chris Bevin to its executive team as senior vice president of Brands and Licenses.
Kitsbow To Develop Old Fort Community Building
Kitsbow, the cycling apparel and accessories manufacturer, announced it has partnered with Eagle Market Streets Development Corporation to purchase a 60,000-square-foot warehouse in Old Fort, N.C.
