Based in Beijing, Li-Ning announced plans to acquire a 25-story mixed office and retail building in Hong Kong for $2.2 billion (US$282 million) to house its headquarters.
Author: SGB Media
Study: Retailers See Online Sales Boosted by Store Openings
ICSC quantified the impact of opening or closing physical stores on online sales and retailers’ overall performance. Its latest study, the third installment in ICSC’s research on the halo effect of brick-and-mortar retail on online sales, is said to again prove the power of physical retail by demonstrating that a new store boosts online sales, while a closed store impedes them.
Vista Outdoor, Sport Dimension Renew Jimmy Styks License
Vista Outdoor, Inc. and water sports products manufacturer Sport Dimension, Inc. announced the renewal of their Jimmy Styks LLC brand license covering stand-up paddle boards, inflatable stand-up paddle boards, kayaks, and water mats.
PVH Appoints New Leadership
PVH Corp. hired Sophia Hwang-Judiesch as president of Tommy Hilfiger North America and promoted Amba Subrahmanyam to chief people officer.
Oberalp Group Hires New Sales and Marketing Director
The Oberalp Group, which owns Salewa, Dynafit, Pomoca, Wild Country, and Evolv, hired Loren Morshead as sales and marketing director for North America for the five brands in the U.S. and Canada.
Fitbit Fined in Australia Over Misleading Claims
Fitbit was fined $11 million by the Australian Competition and Consumer Commission (ACCC) after the maker of smartwatches and fitness trackers admitted that it misled consumers over its return policies.
Millennium Health and Fitness Announces New Ownership and Leadership
Millennium Health and Fitness was acquired by CrestPeak.Heather Collins, formerly the company’s COO, is now president. Kathleen Zumbar was appointed COO.
Dick’s SG to Open House of Sport Stores in Florida and Delaware
Dick’s Sporting Goods reported plans to open House of Sport stores at Tampa International Plaza, its first in Florida, and another at Brandywine Town Center, its first in Delaware.
Timberland Appoints Global Brand President
Timberland appointed Nina Flood as global brand president. She had been interim Timberland president following Susie Mulder’s exit on November 8.
Report: Large Deals Driving Recent Outdoor Recreation M&A Activity
Consumer behavior has continued to perplex market participants as each pullback in spending has seemingly been followed by a resurgence of demand in the Outdoor Recreation market. That observation is one of the key points from the most recent Outdoor Recreation Market Update from Capstone Partners.
Castore to Sponsor Hendrick Motorsports in Apparel Deal
Castore has become the official performance sportswear and at-track teamwear provider of Hendrick Motorsports, marketing the U.K.-based sportswear brand’s first NASCAR partnership in the U.S. market.
Gregory, High Sierra Parent Company Sees Debt Ratings Upgrade
S&P Global Ratings raised the debt ratings outlook of Samsonite International S.A., the parent of Gregory and High Sierra, as the company reported strong operating performance in the third quarter ended September due to both revenue growth and ongoing operational efficiency trends, which enabled it to accelerate its deleveraging.
Nordstrom Rack to Open in Tennessee
Nordstrom, Inc. reported plans to open a new Nordstrom Rack in Franklin, TN, in fall 2024, the Cool Springs Market.
KOA Appoints VP of Franchise Services
Kampgrounds of America, Inc. (KOA) promoted Aaron Williamson to vice president of franchise services, highlighting his successful tenure in campground management and franchise operations.
Continental Tires Americas Hires Head of Bicycle
Continental Tires the Americas, LLC, based in Fort Mill, SC, said Shane Messner joined the company as head of Bicycle the Americas timed with the company’s recently announcing it is ramping up its presence in the U.S. and Canada with QBP as a new distribution partner.
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