EXEC: Nike, Inc. Outlines Two-Phase Plan to Cut 740 Positions at Beaverton HQ
In a new WARN notice filing, Nike. Inc. said that a total of 740 positions would be permanently eliminated at the company’s Beaverton World Headquarters across two phases of layoffs, including the first phase in February of this year.
The Lycra Company to Bring Bio-Derived Lycra Fiber to Market
The campaign will inform the active outdoor industry of the advantages of using dent corn as a feedstock for apparel, featuring Iowa farmers growing the corn to create the next-gen of Lycra fiber.
Elevate Textiles Names CEO and Board Director
The company provides textile solutions across various industries, including fashion and functional apparel, footwear, military, fire, medical, athletic, automotive, aerospace, outdoor, and other specialty sectors.
Anta Opens AntaZero, a Carbon-Neutral Retail Store
Anta Group Executive Director and Co-CEO Lai Shixian and Anta Brand CEO Tsui Yeung opened the AntaZero store, advancing sustainable retail practices in China’s apparel and footwear industry.
EXEC: Gildan Changes Up Board Structure, Offers Board Slate for May Vote
The new Board is expected to guide the company’s next phase of growth under the leadership of current President and CEO Vince Tyra and ensure the previously announced sale process is conducted in a manner that will benefit all shareholders of Gildan.
Callaway Appoints New Managing Director for EMEA Region
Ben Sharpe will act as managing director and president for the EMEA region, effective May 1, succeeding Neil Howie, who retires at the end of 2024 after 26 years with the company.
EXEC: Saucony, Merrell and K-Swiss China Retail Partner Sees Slower Q1 Growth
Xtep International had 110 Saucony-brand stores and four Merrell-brand stores operational in Mainland China at the end of 2023. The company boasted 101 K-Swiss stores in the Asia Pacific region at the end of the year, with 94 Palladium brand stores to end 2023.
EXEC: Anta Sports Sees Fila Brand Q1 Retail Sales Trend Moderating from 2023
Retail sales, in retail value, for the Fila brand increased in high single digits year-over-year in the first quarter, a sharp moderation from the strong double-digit in the 2023 fourth quarter and the high-teens trend for the 2023 full year.
Cotopaxi Names New CFO/COO as Roles Shift in Top Company Leadership
Lindsay Shumlas, formerly with Manhattan Beachwear and Vici., joins the company in a new combined CFO and COO role, a first for the company. Co-founder Stephan Jacob moves into the new role as chief technology and business development officer.
Nordstrom Family Members Look to Take Namesakes Retailer Private Again
The company’s CEO, Erik Nordstrom, and president, Pete Nordstrom, notified the Board of their interest in pursuing a potential transaction pursuant to which Nordstrom would become a private company.
NRF Promotes Adam Lukoskie to Senior VP
The National Retail Federation promoted Adam Lukoskie, executive director of the NRF Foundation, to also serve as senior vice president of NRF.
A4 Goes Green
The manufacturer of sportswear and team uniforms, reported that it is now making all its “most popular” apparel, and the “vast majority” of its line, with recycled polyester.
EXEC: Under Armour’s HR Chief and DEI Leader to Exit Company
Tchernavia Rocker’s departure represents the second female senior executive planning to exit the company in the last two months. Rocker joined UA in February 2019 as chief people and culture officer.
Brixton Taps Former Levi’s, Hurley and Quiksilver Exec as New CEO
Seth Ellison, a Southern California native and 40-plus-year veteran of the lifestyle apparel and action sports categories, takes the helm as CEO of the omni-channel lifestyle brand headquartered in Oceanside, CA.
Fan Outfitters to Continue National Retail Expansion in 2024
A new Lids Sports Group business, Fan Outfiitters’ stores aim to support the sports fan with local team products
