A federal judge on Friday (May 26) lifted a court order Adidas won last year that secretly froze $75 million in bank accounts held by Kanye West’s Yeezy brand. (Read More)
Sports Warehouse, which owns the online sporting goods websites Tennis Warehouse, Running Warehouse, Skate Warehouse and Tackle Warehouse, will have to pay $300,000 in penalties to the state of New York and strengthen its cybersecurity measures after being found liable for failing to protect 2.5 million consumers’ personal data, according to a statement from New York's Office of the Attorney General (OAG). (Read More)
Moody's Investors Service says that Emerald Expositions’ proposal to amend and extend its first lien term loan is credit positive and it does not affect the company's B2 corporate family rating, B2 senior secured credit facility rating or its stable outlook (Read More)
Peloton announced that the CPSC has approved a rear guard for the Peloton Tread+, which will end the recall on the Tread+ later this year. (Read More)
Authentic Brands Group has completed the acquisition of the intellectual property of the Vince fashion brand. (Read More)
S&P Global Ratings lowered its outlook on Foot Locker to negative from stable as the sneaker chain lowered its full-year guidance due to a combination of inflationary pressures, higher-than-expected discounting initiatives, and weak consumer spending. (Read More)
Lululemon plans to expand its headquarters in Vancouver with a promise to create 2,600 jobs over the next five years. Calvin McDonald, CEO, Lululemon, said in a statement, “This program provides us with the opportunity to bring global talent to our hometown of Vancouver, supporting our people to collaborate and innovate together as they build long and meaningful careers at Lululemon." (Read More)
Eastern Mountain Sports (EMS) announced plans to open its newest store location in Deptford, NJ. The store is situated on the lower level right next to the entrance to Boscovs at the Deptford Mall. (Read More)
Von Maur Department Store plans to open a 90,000-square-foot store at West Acres Mall in Fargo, ND. Scheduled to open in Spring 2025, this will be the first Von Maur location in North Dakota. (Read More)
The Buckle, Inc. reported that net income for the fiscal quarter ended April 29, 2023 was $42.9 million, or 87 cents per share, or 86 cents per share on a diluted basis. Comparable store net sales decreased 9.2 percent from comparable store net sales for the prior-year period. (Read More)
Let Me Run has named Richard Sexton as its new executive director, effective immediately. Sexton replaces Emily Battle, who has helmed the nonprofit physical and emotional wellness program for boys since 2019. (Read More)
Canada Goose plans to open three new U.S. stores in May and June. The stores will open in Las Vegas, NV; Bellevue, WA and Los Angeles, CA, respectively. (Read More)
Deckers Brands saw Hoka drive global revenue growth of 58 percent versus the prior year to eclipse $1.4 billion while Ugg revenue held steady in constant currency with the brand increasing its mix of both direct-to-consumer and international business. (Read More)
Patagonia promoted Nina Hajikhanian to general manager of EMEA. Most recently, she was the direct-to-consumer director, leading e-commerce, retail and customer service. (Read More)
Ugg performed in line with expectations as the brand focused on driving growth through DTC and international markets, while facing tough comparisons from the prior fiscal year related to refilling domestic wholesale inventories as well as currency exchange rate pressures overseas. (Read More)
Costco Wholesale Corp. reported earnings in the fiscal third quarter ended May 7 that missed analysts' expectations. Same-store sales excluding the impacts of changes in gasoline prices and foreign exchange were up 3.5 percent. (Read More)
Hoka plans to emphasize growth in the DTC channel, driving high full-price sell-through and building market share with existing points of wholesale distribution, especially in light of a dynamic consumer environment. (Read More)
Hibbett, Inc. reported weaker-than-expected fiscal first-quarter earnings and narrowed its full-year guidance to reflect a more cautious consumer outlook. Mike Longo, President and Chief Executive Officer, ""Our consumers are facing a number of headwinds that range from inflation to concerns over outright job loss." (Read More)
Kavu, the Seattle, WA-based apparel brand, is celebrating its 30th anniversary as an independent,... (Read More)
The results from RVIA's (RV Industry Association) April 2023 survey of manufacturers found that total RV shipments ended the month with 31,216 units, a decrease of 45.4 percent compared to the 57,192 units shipped in April 2022. (Read More)