Adidas Appoints New Head Of Outdoor Division
Adidas has hired Carla Murphy, former VP, global brand & product, Icebreaker, as general manager of its outdoor segment that’s being targeted for accelerated growth, according to a report in the Financial Times.
Nike And BSN Sports Partner With Hawaii Pacific University
The Hawai’i Pacific University Athletics Department announced a new five-year apparel partnership with Nike and BSN Sports that begins on July 1, 2021. The school had partnered with Adidas.
CODI Provides Update On Refinancing And Strengthened Capital Structure
Compass Diversified provided an update on its recent refinancing and strengthened capital structure.
RYU Apparel Appoints New COO
RYU Apparel said it has appointed Rob Blair as COO as it ramps up its new growth strategy. His previous experience includes Red Bull, Lululemon, Gap Body, and Nike.
BRS Confirms Sale Of DTLR Villa To JD Sports
BRS & Co. said it completed the sale of DTLR Villa LLC to JD Sports Fashion Plc for $495 million. BRS said it expects DTLR “to enjoy great success under JD ownership and to continue on its path to become one of the most successful specialty retailers in the U.S.”
The Buckle Hikes Dividend, Promotes General Counsel
The Buckle Inc. announced a 10 percent increase in its quarterly dividend and the appointment of a new vice president, general counsel, and corporate secretary.
Fila USA’s Sales Improve 25 Percent In Q4
Fila Holdings Corp., based in Korea, reported sales at Fila USA were up 25.2 percent in the fourth quarter but down 19.5 percent for the year.
Gap’s Debt Ratings Outlook Revised To Positive
S&P Global Ratings revised its debt outlook to positive on its belief that its operating performance will recover at a faster pace than previously anticipated, driven by strength at Old Navy and Athleta.
SFIA Applauds Reintroduction Of PHIT Act
Senators Chris Murphy (D-CT) and John Thune (R-SD) reintroduced the Personal Health Investment Today (PHIT) Act in Congress. In a statement, SFIA said the PHIT Act will make sports and fitness more affordable to Americans, as the country recognizes the value of physical activity in promoting good health.
Li Ning’s Revenues Climb 4 Percent In 2020
Li Ning reported profits on an adjusted basis improved 34 percent in the year ended December 31 as revenues gained 4.2 percent.
Report: Nike Undergoes Additional Layoffs
Nike instituted an “unspecified number of recent layoffs” in an effort to build a “flatter, nimbler company,” according to a report from The Oregonian.
New Balance Announces Long-Term Relationship With Stone Island
New Balance and Stone Island, the Italian sportswear brand recently acquired by Moncler, announced a long-term product collaboration.
Adidas Confirms Peloton Apparel Partnership
Adidas confirmed plans to launch an apparel collection in partnership with Peloton. The collection marks Peloton’s first-ever instructor-designed global-level collaboration.
JD Sports Completes Acquisition Of DTLR
JD Sports Fashion Plc said it completed its acquisition of DTLR Villa LLC.
Snap Acquires Fit Analytics
Snap, the parent of Snapchat, announced that it acquired Berlin-based start-up Fit Analytics, which counts more than 18,000 retailers and brands as users of its solutions.
