London-based True Capital acquired Apparel Brands, the Manchester-based parent of Bench, Nicce and Hooch fashion apparel brands. Apparel Brands also licenses Smith & Jones, Ed Hardy, Farah, Seafolly, Money, and Caterpillar.
Author: SGB Media
HanesBrands Forms Apparel Partnership with Texas A&M
HanesBrands signed a deal giving it exclusive design rights to manufacture and distribute Texas A&M fanwear at mass retail and campus/local channels. The University opened a “Champion Station” in-store shop inside its Memorial Student Center Barnes & Noble Bookstore to support the partnership.
EXEC: Foot Locker, Inc. Makes Flurry of New Appointments to Address a Changing Marketplace
Foot Locker, Inc. made additional news Wednesday on its conference call with analysts, announcing a flurry of new hires and appointments to solidify the management teams that will focus efforts on the customer experience.
Ignik Unveils MTN Collection
Ignik, the outdoor heating brand, will debut its MTN Collection in collaboration with artist and Canadian Backcountry guide Jessa Gilbert, featuring her artwork on the Gas Growler Deluxe, Backside Heated Seat Pads, and upcoming Topside Heated Blanket. MTN collection from left to right: Topside Heated Blanket, Backside Heated Seat Pad, Backside Heated Seat Pad XL, […]
Reebok Opens Full-Price Store in Mexico
Reebok opened its first freestanding full-line store at Mexico City’s Fórum Buenavista shopping center as it ramps up its international expansion.
Forme Launches Ace+ Polo Posture-Correcting Polo
Forme, a human performance company that designs patented posture and recovery wearables to correct alignment and related musculoskeletal disorders, launched the Ace+ Polo, its latest posture-correcting polo designed to be worn while playing golf. Maintaining perfect posture and body connection is “paramount” to “achieving peak performance in golf,” said Forme. The Ace+ Polo is “intelligently […]
Inov-8 Opens First U.S. Store
Inov-8 opened its first U.S. store in Meridian, ID. The U.K.-based footwear manufacturer’s stores now number three, with the other two in England.
Moody’s Lifts Life Time Group’s Debt Ratings on Improving Results
Moody’s raised its debt ratings on Life Time Group Holdings, Inc. due to the owner and manager of fitness and recreational sports centers improving performance, including membership, revenue, EBITDA trends, and steps the company has taken to reduce leverage.
Burlington Stores Sees Weakness in Low-End Consumer but Exceeds Q2 Guidance
Burlington Stores, Inc. reported second-quarter earnings that came in well above guidance but still reduced its earnings outlook and narrowed its sales guidance for the year due to pressures facing its lower-income shoppers.
CBC Global Ammunition Advances Lead-Free Ammo Solutions with Acquisition
CBC Global Ammunition acquired SinterFire, which CBC said “is a pioneering name in lead-free bullet technology” and that the alliance “enhances its position as a global provider of ammunition solutions.”
Unifi’s Fiscal Q4 Revenues Drop 31 Percent
Unifi, Inc. reported a loss in the fiscal year ended July 2 as sales declined 30.7 percent. The maker of polyester and nylon textured yarns said results continue to be impacted by low levels of brand demand due to inventory destocking efforts.
EXEC: On the Call with Foot Locker Execs Talking Q2 Business Trends, Weaker Future Outlook
Foot Locker’s sales trends continue to be a real problem child as total sales and comps both registered high-single-digit declines for the quarter ended July 29. Much of the sales decline came from Champs which comped down in strong double-digits in the quarter on repositioning pain.
Nike CFO of Consumer, Marketplace & Brand Departing for Lysol’s Parent Company
Reckitt Benckiser Group named Shannon Eisenhardt, currently CFO of Nike consumer, brand & marketplace, as CFO of Lysol’s parent company, replacing current CFO Jeff Carr, who is retiring in March 2024. She joins RBG on October 17, 2023.
Puma Makes Leadership Appointments in Europe
Puma has appointed Javier Ortega as general manager Europe, effective September 1. Esteve Planas will succeed Ortega as area general manager for Southern Europe.
Christy Sports Rebrands Sturtevant’s SkiBonkers to Powder Daze; Unifies Offerings
The decision to rebrand the Sturtevant’s sales event to Powder Daze is an effort by the retailer to amplify its legacy so customers across the country can participate in the sale.
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