The companies entered into a strategic multi-year licensing agreement for the design, production and distribution of outerwear for the Champion and C9 Champion brands in North America, including exploring opportunities across Champion’s global network as a key partner.
Category: Apparel
EXEC: Sportsman’s Warehouse Sets Aggressive Markdowns as Business Weakens Further
Shares of Sportsman’s Warehouse are running down about 17 percent in pre-market trading Thursday as the hunt & fish chain’s second-quarter earnings came in well below guidance and another double-digit comp decline was forecast for the third quarter.
Nike Tops Gen-Z’s Rankings for Most Authentic Brand
Nike was ranked the “Most Authentic” brand in the active lifestyle and fashion space among Gen Z consumers in North America and Western Europe, according to YPulse, based on its latest demographic survey.
Sportsman’s Warehouse Swings to Second Quarter Loss as Comps Fall
The 11.8 percent net sales decrease was said to be primarily due to lower demand across all product categories and a decline in store traffic resulting from the continued impact of consumer inflationary pressures on discretionary spending, partially offset by the opening of 14 new stores.
HanesBrands and FSU Extend Exclusive Mass Channel License
The multiyear extension of its apparel partnership gives HanesBrands exclusive rights to Florida State fanwear in the mass retail channel.
EXEC: Amer Sports Files Confidentially to Go Public
Amer Sports, the parent of Salomon, Wilson, Arc’teryx and other sports brands, filed confidentially for a U.S. initial public offering that could value the group as high as $10 billion. The offering would come as Amer Sports’ business has seen accelerated growth, driven by Arc’teryx and Salomon and growth in China.
USTA Launches Investment Fund to Support Tennis Growth
The United States Tennis Association launched USTA Ventures through the USTA Strategic Investment Committee to acquire potential equity stakes in technologies and other companies to advance the growth of tennis in the U.S.
Nexgen Packaging Appoints VP of Sales, Americas
Nexgen Packaging, a packaging provider for the retail, apparel and footwear industries, hired Kevin DeSpain as senior vice president of sales for the Americas. He comes from Zebra Technologies.
NSGA Sporting Goods Industry Hall of Fame Committee Elects Class of 2024
NSGA Sporting Goods Industry Hall Of Fame announced the Class of 2023, which includes Glenn Barrett, OrthoLite; Cathy Pryor, Hibbett Sports; Karsten Solheim, Ping Golf; and Mike Thompson, Rawlings.
West Coast Port Workers Ratify New Contract
Members of the International Longshore and Warehouse Union, which represents dockworkers at U.S. West Coast ports, voted to ratify a new six-year contract with the Pacific Maritime Association.
Roark Adds Global Marketing Chief and New Design Director; Appoints Content Chief
Roark hired Mike Wallace as global marketing director, Greg Bravo as men’s design director and promoted Corey Brindley to the newly formed position of director of content creation.
Arc’teryx Seeks To Block Adidas’ Terrex Trademark Registration
Arc’teryx seeks to block Adidas from registering the “Terrex” name in U.S. retail stores. Earlier this year, the company sued Adidas in Canada for opening a Terrex store in Vancouver.
Survey: Pickleball On the Rise in Community Associations
According to a recent Snap survey by the Community Associations Institute Foundation for Community Association Research, 77 percent of respondents said that the pickleball courts in their communities were in “Moderate” or “High” demand.
REI Co-op Hires VP of Merchandise Planning and Inventory Management
REI Co-op hired Jackie Major as vice president of merchandise planning and inventory management, leading its merchandising team, overseeing planning and inventory management strategy and sales and operations planning.
Intersport International Corp. Appoints First Chief Commercial Officer
Pierre Irelli will assume the lead of the IIC’s Commercial Division. Irelli has been chief product officer at Intersport France since 2019. He first joined Intersport in 2013 as a category manager for Team Business.
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