The new Lululemon apparel range will feature 11 of the NHL’s 32 teams this season, including the New York Rangers, Boston Bruins, Toronto Maple Leafs and Vancouver Canucks, with plans to expand to all the league’s franchises next year.
Category: Apparel
Canada Goose Faces Downgrade to “Sell” on Growth Concerns
Goldman Sachs downgraded Canada Goose to “Sell” from “Neutral,” citing challenges in the competitive landscape and concerns over slowing brand momentum and luxury spending overall.
Nike Ordered to Pay Legal Fees in Trademark Dispute
The U.S. District Court for the Eastern District of Pennsylvania has ordered Nike to pay millions in attorney’s fees to Lontex Corporation for its “reckless infringement” of the small Pennsylvania businesses “Cool Compression” trademark.
Global Survey: Running Race Participation Surpasses Pre-Pandemic Levels
The Running USA Global Runner Survey was based 7,400 runners and event participants, was conducted over June and July 2024. Brooks and Asics again ranked as the preferred running and training footwear brands by respondents.
Nike Renews Contract with NBA and WNBA for 12 Years
Nike, Inc. signed on to remain as the exclusive uniform and apparel provider for the National Basketball Association, the WNBA and the G League for another 12 years.
RIA Announces ‘Now’ and ‘Future’ Advisory Board Members
The Running Industry Alliance (RIA), the member-based independent national trade organization built for the UK and Ireland’s running industry, announced new members to its Alliance Advisory Boards’ Now’ and ‘Future.’
Topgolf Breaks Ground on New Venue in New Braunfels, TX
The new venue will be in the 400-plus-acre mixed-use development of New Braunfels Town Center at Creekside, a master-planned community, with an opening date in late 2025. This will be the 14th venue in Texas for Topgolf.
Nike’s Mark Parker to Step Down from Walt Disney’s Board
Parker has been Chairman since April 3, 2023, and first elected to Disney’s Board in early 2016. The Executive Chairman of Morgan Stanley, James P. Gorman, will succeed Parker.
Ross Stores Opens 47 Locations
Ross Stores Inc. recently opened 43 Ross Dress for Less and four dd’s Discounts stores across 22 states in September and October. These new locations complete the company’s store growth plans for fiscal 2024, with the addition of 89 new locations throughout the year.
Puma Launches First Global Basketball Campaign
The latest marketing campaign “Forever. Faster. – See The Game Like We Do,” features Puma Hoop athletes Breanna Stewart, Flau’jae Johnson, Scoot Henderson, LaMelo Ball, and Tyrese Haliburton.
Dick’s SG Opens Next-Gen Store in Selinsgrove, PA
Dick’s Sporting Goods opened a next-generation store, which is a larger store format than a regular Dick’s store, in the Monroe Marketplace in Selinsgrove, PA.
EXEC: Nike, Inc.’s Debt Ratings Outlook Lowered by S&P
S&P Global Ratings downgraded its debt ratings outlook on Nike, Inc. as the company pulled its financial guidance for the fiscal year ending May 2025 and postponed its investor day amid a strategy shift and CEO transition.
REI Co-op Plans Lower Volume of Store Openings for 2025
REI Co-op plans to open six locations in 2025, with three new stores in California, as well as Amherst, NY; Durango, CO; and Lynnwood, WA. The openings mark a moderation in new store growth from the 10 stores scheduled to open in 2024.
Under Armour Retains Oberalp for Swiss Distribution
Since becoming its Italian distributor, Under Armour’s sales in Italy have expanded from €8 million to €50 million ($54 mm). Over the last years, the South Tyrolean group has been growing Under Armour’s business in the wholesale channel.
Dick’s SG Sets Store Opening in Houston Suburbs
Dick’s Sporting Goods announced plans to open a Dick’s store at Atascocita Commons in Humble, TX in early November. Humble is located in the Houston metro area.
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