Fabletics To Open 12 Stores In 2019
Fabletics, the active-lifestyle brand co-founded by Kate Hudson in 2013, announced its New York City debut with the opening of a pop-up shop in SoHo. The pop-up space kicked off the brand’s 2019 retail expansion which will include 12 new permanent retail stores throughout the U.S.
Academy Sports Opens Store in Ardmore, OK
Academy Sports + Outdoor opened its first store in Ardmore, OK, representing its 13th store in Oklahoma.
Modell’s Fight For Survival
In a comprehensive interview with SGB Executive, Mitchell Modell, CEO of Modell’s Sporting Good’s, discusses the retailer’s frantic outreach efforts to save the company following reports of a possible bankruptcy filing. Plans to further stabilize and improve the business were also detailed.
Report: Modell’s Re-Secures Vendor Support
A report that ran Sunday in the Wall Street Journal shows that Modell’s Sporting Goods has regained shipments from the wide majority of its vendor base following concerns over the sporting goods retailer’s hiring of a restructuring firm.
RYU Announces Three New Appointments To Executive Team
RYU Apparel Inc., creator of urban athletic apparel, announced the appointments of Ryan Lindholm as SVP of marketing and innovation, Danielle Hinan as director of brand and Bethany Young as creative product design director.
’47 Partners With We Are Nations
Esports retail and merchandise company, We Are Nations, and global sports lifestyle brand, ’47, announced a partnership that will include headwear and other sports merchandise to be developed and sold in the esports space.
Stance Partners With NBA 2K League
The NBA 2K League agreed to a multi-year partnership with Stance to serve as the league’s official sock provider.
Descente To Close North American Skiwear Subsidiary
Descente announced plans to shutter its North American skiwear business by the end of its current fiscal year, which ends Mar. 31, 2020.
Hibbett Sporting Goods Appoints Interim CFO
Hibbett Sporting Goods appointed Christine E. Skold, a CPA, consultant and former executive of Tractor Supply Company, as interim chief financial officer, effective April 26, 2019, according to a regulatory filing.
Mother’s Day Spending Predicted To Hit Record $25 Billion
Mother’s Day spending is expected to total a record $25 billion this year, up from $23.1 billion in 2018, according to the annual survey released by the National Retail Federation.
Puma’s Q1 Boosted By Promising Start To Basketball
With robust growth in China and the U.S. and a healthy reception to its return to performance basketball, Puma SE kicked off the year with its strongest quarter ever. Said Bjørn Gulden, “The growth in all regions and all product divisions shows that we continue to make progress.”
Puma’s Q1 Revenues Climb 15 Percent
Puma SE reported earnings jumped 40.1 percent in the first quarter as sales improved 15.3 percent and gross margins expanded 80 basis points. Sales in the Americas grew 16.3 percent on a currency-neutral basis. Bjørn Gulden, CEO, said: “The first quarter of 2019 was the best quarter Puma has ever seen.”
Adidas Extends Eastern Illinois Sponsorship
Eastern Illinois University agreed to a new five-year apparel contract with Adidas that runs through 2024.
Cherokee Global Brands Sees Double-Digit Q4 Growth For Hi-Tec
Cherokee Global Brands reported sales declined 11 percent in the fourth quarter due to a shift from direct-to-retail (DTR) through a wholesale licensing model. A bright spot, however, was the Hi-Tec brand, which delivered a 12 percent gain in revenues year-over-year.
ViewSport Becomes Ironman Sponsor
Ironman has announced a new multi-year global partnership with sports apparel company ViewSport to become the Official Recreational Apparel Partner of Ironman. ViewSport will also be the title sponsor for the Ironman Lake Placid triathlon.
