The Chill Foundation Announces New Global CEO
The Chill Foundation Board of Directors announced that Ben Clark was hired as its new global CEO of Chill. Created in 1995 by Burton Snowboards’ late founder Jake Burton Carpenter and his wife, current Burton owner Donna Carpenter, Chill inspires young people to overcome challenges through boardsports.
Duer Opens Storefront In Los Angeles
Canadian performance apparel brand, Duer, announced plans to open a second U.S. retail location in the Fairfax District of Los Angeles, CA at 170 South La Brea Avenue.
Fanatics Opens NHL Store In Manhattan
The National Hockey League (NHL) and Fanatics announced the opening of its 9,000-square-foot NHL Shop flagship store in New York City. The store was relocated from Midtown to Manhattan West, the site of the league’s new corporate headquarters. Lids will operate the location.
Nike’s Q1 Revenues Fall Short Of Wall Street’s Targets
Nike Inc. reported net earnings rose 23.5 percent in the fiscal first quarter ended August 31 as sales grew 15.6 percent. Earnings came in slightly above Wall Street’s consensus targets while revenues were slightly below.
Ntwrk Secures $50 Million In Funding
Livestream shopping platform Ntwrk raised $50 million led by the Growth Equity business within Goldman Sachs Asset Management, and luxury group Kering, including participation from LionTree Partners and Tenere Capital.
Lululemon To Outfit Canadian Olympic Team
The Canadian Olympic Committee (COC) and Canadian Paralympic Committee (CPC) announced that Lululemon is the new Official Outfitter of Team Canada. Lululemon replaces Hudson’s Bay Company.
G-III Apparel To Acquire Sonia Rykiel
G-III Apparel Group Ltd. announced an agreement to purchase European luxury fashion brand Sonia Rykiel.
Backcountry To Open First East Coast Store
Backcountry.com has signed an 11,600-square-foot lease to become the anchor tenant at Collection 14, a $130 million, mixed-use redevelopment of the former Martha’s Table headquarters in Washington, D.C.
Boardriders Appoints New EMEA President
Boardriders has named Nicolas Foulet as its EMEA president. Foulet has spent 20 years at Boardriders, which owns Quiksilver, Roxy, Billabong, RVCA, DC Shoes, Element and Von Zipper.
Ororo Becomes Official Heated Apparel Of The Green Bay Packers
Ororo Heated Apparel, based in Las Vegas, announced a new sponsorship with the Green Bay Packers, becoming the team’s first official heated apparel partner.
Sportsman’s Warehouse’s CFO To Depart
Sportsman’s Warehouse Holdings Inc., which agreed in January to be acquired by Bass Pro, said in a regulatory filing that its CFO, Robert Julian, had notified the company that he plans to resign, effective October 1, 2021.
Rally House To Open Two Cincinnati Stores
Rally House is opening two stores in the Cincinnati metro area. Rally House 32 East opened last week, and Rally House Waterstone is scheduled to open on September 24.
Lululemon Announces Mirror CEO Steps Down
Lululemon said in an internal memo to employees that Brynn Putnam, CEO of Mirror, has stepped down, effective immediately. Putnam will continue to serve as an advisor to Mirror until next July while Lululemon searches for her successor.
Kathmandu’s Sales Expand 15 Percent In Fiscal Year
Kathmandu Holdings Ltd. reported sales rose 15.1 percent in the fiscal year ended July 31. Strong performances were seen from Rip Curl and Oboz, driven by participation growth in surfing and hiking. The Kathmandu chain was impacted by COVID-related travel restrictions.
Lids Appoints President
Lids announced the promotion of Britten Maughan to president. He was Lids’ senior vice president, marketing and partnerships.
