The announcement follows SGB Media’s first report that the company signed a new partnership with Quiet Platforms, a subsidiary of America Eagle, in July.
Category: Apparel
Nike x BSN Enter Apparel Partnership with Howard Community College
Co-branded HCC and Nike apparel will now be available in online and on-campus retail shops, which BSN Sports will develop—a portion of the proceeds benefiting HCC’s 14 men’s, women’s, and co-ed programs.
Ken Hicks Takes the Reins at PetSmart LLC
The former Foot Locker, Inc., Academy Sports + Outdoor, Inc. and JC Penney Chief Executive has been named President and CEO, effective October 31. Hicks will also serve on the company’s Board of Directors.
EXEC: Li Ning Posts Mid-Single-Digit Retail Sales Decline in Third Quarter
The offline channel, including retail and wholesale, posted a high-single-digit decline for the quarter, while the company’s e-commerce virtual stores business registered mid-single-digit growth for the period.
EXEC: Li Ning Forms Joint Venture to Manage Brand Outside of Mainland China
The joint venture (JV) will develop and operate the Li Ning Brand business outside of Mainland China, principally in an area that includes Hong Kong, Macau Special Administrative Region and Taiwan, on an exclusive basis.
NRF Expects 2024 Holiday Spending to Reach New Record
Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations, and other seasonal items, according to the NRF’s latest consumer survey conducted by Prosper Insights & Analytics.
L.L.Bean Launches Ltd. Edition Collection with Noah Kahan
The Northern Attitude Collection is inspired by and pays homage to Grammy-nominated singer-songwriter Kahan’s Vermont roots, which includes footwear, apparel and accessories.
X-Bionic Sets Up Shop in Denver Showroom, Adds NA Leadership and Reps
Kris Kuster, the company’s President and Co-Owner, leads its North American team. An outdoor and snow sports industry veteran, Kuster formerly worked for Nitro Snowboard and Mammut Sports Group.
EXEC: VF Corp Placed on Negative Catalyst Watch Due to TNF, Vans Pressures
JP Morgan trimmed its earnings estimates for VF Corp and placed the stock on “Negative Catalyst Watch” on concerns over ongoing wholesale pressures facing The North Face, Vans and TNF both fighting softer DTC traffic, and elevated inventory levels impact on margins.
Nordstrom to Open Two New Rack Stores in Florida
Nordstrom plans to will open two new Nordstrom Rack stores in Melbourne (24,000 square feet) and Sarasota (27,000 square feet) Florida, in fall 2025 and spring 2026, respectively.
Fabletics Expands into Mexico with Retail Partnership Deal
The company has expanded into Mexico through a partnership with Liverpool, the omnichannel retail group that has operated for over 177 years in the country.
Report: U.S. Retail Saw Deep Declines in Fashion Categories in Fiscal September
The weakness un the apparel, footwear and accessories categories may lead to some pent-up demand for the Holiday selling season after lagging the stable performance seen in other categories at retail for the 5-week period.
Lululemon to Launch Apparel Range with Fanatics and the NHL
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.
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.
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