New Era Plan To Close Derby Plant Causes Political Brouhaha
A number of legislators and union officials decried New Era’s plan to close its manufacturing plant in Derby, NY, the company’s only headwear-manufacturing facility in the U.S. Charles Schumer, the Senate Minority Leader who represents New York, said, “This is devastating news for Buffalo. I sincerely hope that New Era, a hometown Buffalo company, will reconsider.”
Canada Goose CEO: Baffin Is ‘Dream Acquisition’
Canada Goose Holdings Inc. President and CEO Dani Reiss couldn’t hide his excitement on Wednesday morning’s conference call with analysts when discussing the company’s recent addition of footwear maker and fellow Canadian and cold-weather brand Baffin Inc. “This is a dream acquisition for me as I’ve been watching and admiring Baffin for many years and I know them very well,” Reiss said.
Nike To Open Nike NYC On Thursday
Nike Inc. will open its newest Nike House of Innovation, on Thursday as Nike NYC: a 68,000 sq. ft., six-level, cross-category premium Nike store located at 650 Fifth Ave. Nike NYC is “the pinnacle expression of modern retail, representing the best of Nike global product, experiences and sport innovation.,” according to a statement.
Nike Names Craig Williams President Of Jordan Brand
Nike Inc. announced that effective Jan. 14, 2019, Craig A. Williams will become president of Jordan Brand. Williams joins Jordan Brand from The Coca-Cola Co., where he most recently served as senior vice president, The Coca-Cola Co. and president of The McDonald’s Division (TMD) Worldwide.
Modell’s Sporting Goods Re-Opens In Granite Run
Modell’s Sporting Goods is reopening its Granite Run location in the Promenade at Granite Run in Media, PA. This will bring Modell’s total store count to 156 locations.
VF Corp. Appoints Jan Van Leeuwen As VP, GM, The North Face, EMEA
VF Corp. has appointed Jan Van Leeuwen to the position of vice president, general manager, The North Face, EMEA Region. He will also serve on the global leadership team for The North Face brand.
Macy’s Lifts Full-Year Guidance On Q3 Beat
Macy’s reported quarterly earnings that topped analysts’ expectations as robust digital sales boosted results.
Canada Goose Raises Outlook On Strong Earnings
Canada Goose Holdings Inc. raised its guidance for the year after reporting second-quarter earnings that came in well ahead of Wall Street’s targets. Revenues grew 33.7 percent.
New Era Considering Closing Derby, NY Plant
New Era Cap Co., which is headquartered in Buffalo, said it is considering closing its manufacturing plant in Derby, NY, effective March 2019. A total of 219 jobs will be impacted. The plant represents New Era’s only headwear-manufacturing facility in the U.S.
REI Co-Op To Open First Store In Oklahoma In Fall 2019
REI Co-op is opening its first location in the state of Oklahoma, bringing a wide assortment of quality gear and expertise for the region’s most popular activities to Oklahoma City in fall 2019.
Inaugural Adidas x Woolmark Performance Challenge Winner Announced
Alicia Ferreira de Sousa from L’École de la Maille de Paris was named winner of the inaugural adidas x Woolmark Performance Challenge, presented at a special event during Outdoor Retailer Winter Market, Denver, CO.
Amazon Selects New York City And Northern Virginia For New Headquarters
Amazon announced that it has selected New York City and Arlington, VA as the locations for the company’s new headquarters. Amazon will invest $5 billion and create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington.
Roth Capital Partners Releases 2018-2019 Millennial Survey
Investment bank Roth Capital Partners has released the company’s 2018-2019 Millennial Survey, its seventh annual proprietary survey examining current trends, spending patterns and favorite brands across five consumer categories including dining and restaurants; healthy food, beverage and snacking; fitness and wellness; infant, juvenile and pet; and, fashion, personal care and décor.
New Iconix CEO Seeks More Global Approach
Noting that the majority of the company’s 29 brands “have more mindshare than closet share,” Bob Galvin in his first conference call as president and CEO of Iconix Brand Group Inc. promised to push collaboration among licensing partners in a more unified approach. Unfortunately, a bad debt charge from Sears’ bankruptcy stalled progress in the latest quarter.
Nike NYC To Debut In November
In a blog entry discussing the importance of brick & mortar stores in connecting with consumers, Heidi O’Neill, president of Nike Direct, said the new Nike NYC flagship will be opening in New York City this month.
