Grundéns Makes Key Hires

Grundéns, producer of fishing apparel and footwear, has added 13 new team members globally since the start of 2018. Six of these hires are in key positions that will aid in the continued development of the brand and expansion into additional fishing market segments.

Surys Commits To Three-Year Sponsorship Deal With SFIA

The Sports & Fitness Industry Association (SFIA) announced a partnership renewal with long-time sponsor, Surys Inc. of Trumbull, Conn. Surys is a provider of physical and digital security solutions for authentication, consumer engagement, product protection and identification.

VF Corp. Makes New Leadership Appointments At North Face And Smartwool

VF Corporation announced the appointment of Travis Campbell to the position of vice president, general manager, The North Face, Americas. Campbell most recently served as president of VF’s Smartwool brand. Jennifer McLaren will succeed Campbell as president, Smartwool. McLaren most recently served as CFO, Smartwool.

Neiman Marcus Appoints New Bergdorf Goodman President

Neiman Marcus Group announced the appointment of Darcy Penick as the president of Bergdorf Goodman. Penick will begin her new position on September 4, 2018 and will report directly to Geoffroy van Raemdonck, chief executive officer, Neiman Marcus Group.

Goldman Sachs Initiates Apparel Coverage With Attractive View

In initiating coverage on the Apparel & Accessories sector, Goldman Sachs said many companies in the space are expected to benefit from ongoing lifestyle shifts towards active and casualwear, the ability to react to faster fashion cycles and digital’s ability to drive direct communications with consumers and commerce. Among active lifestyle stocks, VF was initiated at a “Buy” while “Neutral” ratings were given to Nike, Under Armour, Lululemon and Canada Goose.

NRF Calls Supreme Court American Express Ruling Missed Opportunity

The National Retail Federation said the U.S. Supreme Court’s decision in favor of American Express rules that prevent retailers from encouraging the use of other credit cards with lower processing fees will perpetuate a system that costs merchants and consumers billions of dollars a year.

Fila Signs Björn Borg’s 15-Year-Old Son

Fila announced that the company has signed a sponsorship agreement with Leo Borg, son of tennis legend and Fila brand ambassador, Bjӧrn Borg. Earlier this year, Fila reignited the company’s partnership with Bjӧrn Borg, a relationship that dates back to 1975.

Retail Report Roundup – June 25

Studies arrived last week on the benefits to local retailers from community engagement, quality beating price as a purchase driver, apparel’s continuing appeal in malls, the benefits of perks over raises for workers, the stress of online shopping, and Fourth of July sales.

Trijicon To Acquire AmeriGlo

Trijicon Inc., the provider of aiming solutions for the hunting, shooting, military and law enforcement markets, announced that it has entered into an agreement to acquire AmeriGlo, a leading supplier of U.S. made night sights.

Nike Opens ‘Just Do It’ Pop Up In Los Angeles

Nike opened a “Just Do It” training center in Los Angeles. In short, the space brings all aspects of the Nike Training Club (NTC) app to life, including the five facets of training (movement, recovery, nutrition, mindfulness and sleep).