Gap, Inc. hired Chris Blakeslee as president and CEO of Athleta, effective August 7. Most recently, he was president of sister companies Alo Yoga and Bella+Canvas since 2017.
Author: SGB Media
Fenix Outdoor Posts Q2 Sales and Profit Declines on Retail Inventory Issues
Sales declined 6.5 percent in what the company described as a “very challenging” quarter. Fenix is the latest to attribute sales decreases to the over-inventory position of outdoor products at retail and the retailers’ inability to refill their inventory as needed.
Report: Adidas Seeing Healthy Demand for Unsold Yeezy Product
Adidas has orders worth more than €508 million ($565 million) for 4 million pairs of unsold Yeezy shoes, exceeding the company’s “most optimistic forecast,” according to a new Financial Times report. Healthy demand for the first batch of online sales could help Adidas avoid a major write-down on its remaining stock.
Outdoor Research Expands Into Mountain Biking
Outdoor Research, the technical outdoor apparel company, launched into the mountain bike category for Spring 2024 with its eight-piece Freewheel MTB collection, addressing a core activity for a large segment of its customer base. “The Freewheel program was developed because our customers and athletes ride mountain bikes alongside their many other outdoor activities, and we […]
Golf Rounds Played Climb in June
Rounds of golf played advanced 5.5 percent in June and are running up the same 5.5 percent for the first six months of 2023, according to Golf Datatech.
True Velocity Acquires Advanced Suppressor Technology Company
True Velocity acquired advanced suppressor technology company Delta P Design, approved by its Board of Directors earlier this month, strengthening its portfolio of American-made advanced, lightweight ammunition technology and next-generation weapon systems.
Duluth Holdings Adds Board Member
Duluth Holdings, Inc., doing business as Duluth Trading Company, announced the appointment of Janet H. Kennedy to its Board of Directors, effective August 23, 2023. Most recently, Kennedy served as VP, North America Regions of Google Cloud at Alphabet, Inc.
Report: Adidas Accuses Kanye West of Mishandling $75 Million of Marketing Funds
Adidas is seeking to recover $75 million from Ye, formerly Kanye West, related to his alleged mishandling of marketing funds worth $100 million annually, according to Bloomberg. The dispute is in arbitration.
Canada’s Port Workers Union Recommends Labor Agreement to Members
The International Longshore and Warehouse Union Canada (ILWU Canada) plans to recommend members accept a tentative agreement to end the weeks-long strike at British Columbia’s ports, likely ending a standoff that led to a 13-day strike.
RILA Calls Potential UPS Strike “Kryptonite” for Supply Chains
The Retail Industry Leaders Association (RILA) urged a quick resolution of the stalled contract negotiations between UPS and its 340,000 workers represented by the International Brotherhood of Teamsters, describing a potential UPS strike as “kryptonite for supply chains.”
Carhartt Rolls Out Resale Program in Physical Stores
Workwear brand Carhartt expanded its resale program to all 35 owned-retail stores following the success of its pilot project at six stores.
Under Armour Opens Fourth Brand House In London
Under Armour opened a Brand House store on Oxford Street, marking its fourth store in London. Zara, the multi-national retail clothing chain, once occupied the space.
Dick’s Sporting Goods Named U.S. Anchor Retail Partner for Lotto
WHP Global, owner of Italian soccer brand Lotto Sports, reported that Dick’s Sporting Goods would serve as the U.S. anchor retail partner for Lotto’s soccer and tennis products.
Kontoor Brands Appoints New EVP/Chief Human Resources Officer
Kontoor Brands, Inc., the lifestyle apparel company led by Wrangler and Lee, promoted Pete Kidd as EVP and chief human resources officer, effective immediately.
Polartec Hires New Sales Manager for Europe
Effective immediately, Polartec hired Sergi Pérez as its new sales manager for Europe.
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