Untuckit Announces Drew Brees As New Investor
Untuckit, the apparel brand, announced the company’s newest investor, Drew Brees, the quarterback of the New Orleans Saints and entrepreneur.
CrossFit Sues Reebok For Breach Of Contract
CrossFit Inc. filed a lawsuit against its exclusive licensing partner Reebok. The dispute stems from a change Reebok made in how it calculates royalties
Iconix’s CEO Resigns
Iconix Brand Group, Inc. announced that Peter Cuneo, executive chairman of the board of directors, will serve as interim CEO, effective immediately. John Haugh has resigned as chief executive officer, president and a member of the board to pursue other opportunities, also effective immediately.
Revolve Looking To Go Public
Revolve, the Los Angeles-based high-end apparel e-tailer, is planning an initial public offering of shares for late 2018, according to various reports.
Macy’s Appoints CTO
Macy’s Inc. announced that Naveen Krishna will be appointed chief technology officer. She was vice president of technology for The Home Depot.
Perry Ellis To Be Taken Private In $437 Million Deal
Perry Ellis International agreed to go private in a deal valued at $437 million, four months after George Feldenkreis, the founder and former executive chairman, made a bid for the apparel company.
Lululemon Supports Increased Access To Yoga And Meditation Through Donations
Lululemon Athletica announced that, on June 21, the company will donate 100 percent of profits from the company’s in-store and online sales to benefit non-profit groups that increase access to yoga and meditation for communities that face barriers to well-being.
Canada Goose Ramps Up Growth Targets Following Blowout Year
Crushing the company’s first year public, Canada Goose Inc. lifted the company’s growth targets for the next three years ahead while spelling out the company’s big expansion opportunities in China and DTC.
Can Cherokee Stick Landing After ‘Disruptive’ 24 Months?
Cherokee Global Brands ended fiscal 2018 with a loss due to difficulties with the integration of the Hi-Tech brand into the company’s portfolio. And now the start to fiscal 2019 is being marred by the sale of Flip Flop Shops. Can the Tony Hawk brand and others save the company?
Aisle Talk Week of June 11
Top headlines from the active lifestyle industry you may have missed this week, including Eddie Bauer and PacSun combining under a new operating company.
Reports: Puma To Sign Marvin Bagley
Puma, marking the company’s return to performance basketball this year, has signed top NBA draft prospect Marvin Bagley III to a five-year endorsement deal.
Canada Goose’s Q4 Revenues More Than Double
Canada Goose Inc. reported net income of Canadian $6.6 million, or 7 cents a share, in the fourth quarter ended March 31, rebounding from a loss of C$23.3 million, or 23 cents, a year ago. Revenues catapulted 144 percent.
Canada Goose To Open Three New Stores In North America
Canada Goose Holdings Inc. announced the next phase of its global retail expansion, opening three stores this fall in Short Hills, NJ, Montréal, Quebec and Vancouver, British Columbia.
Eric Sprunk Discusses Nike’s Sustainability Journey
Speaking recently at the Copenhagen Fashion Summit, Nike Inc.’s COO Eric Sprunk said Nike now knows “sustainability drives innovation and improves the performance of everything we make.” But he spent a large chunk of his keynote session discussing the brand’s shortfalls in the past and its long “journey” to embracing that mindset.
Eddie Bauer Names Damien Huang President
Eddie Bauer announced that Damien Huang has been named president. Huang was most recently Eddie Bauer’s senior vice president of merchandising & design.
