Fila Signs NBA Hall of Famer Grant Hill To Lifetime Deal
Fila announced that the company has signed a lifetime deal with Grant Hill. More than two decades after he first joined the Fila family, the brand is reuniting with the NBA Hall of Famer.
Shimano’s Profits Expand 3.2 Percent In Nine Months
Shimano Group reported that net sales in the first nine months increased 3.2 percent from the same period of the previous year to ¥253.9 billion. Operating income increased 2.7 percent to ¥47.8 billion, ordinary income increased 35.2 percent to ¥54.8 billion and net income increased 42.4 percent to ¥40.0 billion.
SGB Executive Q&A: PrimaLoft President & CEO Mike Joyce
PrimaLoft President and CEO Mike Joyce spoke with SGB about the company’s new synthetic insulation that is made from 100-percent recycled, biodegradable fibers. “We think this is a game changer,” he said, adding that “the technology will be a major revenue driver for us.” Our Q&A explains why.
Macy’s Names Shawn Outler Chief Diversity Officer
Macy’s Inc. has announced that Shawn Outler has been named EVP, chief diversity officer, effective October 29. Outler was previously EVP, licensed businesses, food services and multicultural initiatives.
REI Co-Op To Close All Stores Again On Black Friday, Thanksgiving
For the fourth year in a row, on Thanksgiving day and Black Friday, REI Co-op will close all 153 stores, process no online payments and pay more than 12,000 employees to “Opt Outside” with friends and family.
Luxottica Group’s Sales Expand 3.5 Percent In Q3
Luxottica Group, the parent of Oakley, Ray-Ban and Sunglass Hut, reported net sales in the third quarter of 2018 were up 3.5 percent at constant exchange rates thanks to the strong performance of the Retail division and e-commerce platforms as well as solid growth in Europe, North America and Asia-Pacific.
Columbia Sportswear Appoints Gap’s Former CFO To Board
Columbia Sportswear Company announced that the company’s board of directors has elected Sabrina Simmons to serve as a director and member of the Nominating and Corporate Governance and Compensation Committees, effective immediately.
Perry Ellis Completes Transaction With George Feldenkreis
Perry Ellis International Inc. on Monday announced the successful completion of the company’s acquisition by an entity controlled by George Feldenkreis in which Perry Ellis has become a private company through a $437 million transaction.
New Balance Signs High School Basketball Standout
New Balance has signed high school basketball standout Darius Bazley from Cincinnati to an endorsement deal, according to the New York Times.
Piper Jaffray: Vans And Adidas Still Favs With Teens
According to Piper Jaffray’s 36th semi-annual Taking Stock With Teens survey for Fall 2018, the most notable brand gainers in mindshare with teens have been Vans, Adidas, Lululemon and surprisingly, Crocs. Streetwear and 1990s themes were seen accelerating while Nike’s erosion in teen mindshare appears to be bottoming.
One-On-One With Schoeller CEO Siegfried Winkelbeiner
SGB recently spoke with Siegfried Winkelbeiner, CEO of Switzerland-based Schoeller Textil AG, about the company’s 150th anniversary, its role as a leader in sustainability, its focus on the future and what’s next for the textile industry.
Vans, Adidas And Lululemon Finding Teen Love
Vans became the fastest-growing brand in Piper Jaffray’s semi-annual Taking Stock With Teens survey while overtaking Nike as the No. 1 footwear brand among upper-income females. But Nike/Jordan improved mindshare as “top trend” and positive momentum with teens was also seen for Adidas, Lululemon, Champion, Crocs and several other brands in the active lifestyle space.
Nike Signs First Esports Ambassador
Nike signed the company’s first ever endorsement deal with an esports athlete, Chinese League of Legends player Jian ‘Uzi’ Zihao.
Nike Partners With Google’s Shopping Actions Platform
Nike joined Best Buy and Sephora in becoming the latest retailers to leverage Google Shopping Actions program.
Sears Releases Initial List Of Stores To Close In Bankruptcy Proceedings
Sears Holdings announced the list of the 142 stores it initially plans to close in bankruptcy proceedings. Liquidation sales are expected to begin within two weeks. The closings are on top of 46 store closings announced in August. The company has 687 stores remaining, including Kmart locations. The 142 stores to close include: Kmart Arkansas 2821 […]
