An accompanying survey conducted by the financial advisory and global consulting firm is the latest to indicate that the brand has lost market share to competitors, including Adidas, New Balance, Hoka, and On.
Category: Apparel
K-Way Finds New Minority Equity Partner
Founded in 1965 in Paris by Leon Claude Duhamel, K-Way manufactures apparel, shoes and accessories for men, women and kids, including its iconic packable waterproof jacket, the “Claude,” with its distinctive colorful zip and logo inspired by the French national flag.
On Opens Flaghips in NYC and Chicago
Swiss-running brand On opened flagship stores in Chicago and New York City, bringing its store count in North America to eight. In 2020, the company opened its first global store in SoHo, a neighborhood in Lower Manhattan.
EXEC: Fenix Outdoor Hopes for Better Times Ahead as Q3 Continues Downward Trend
The executive chairman of the Board for the parent of the Fjällräven, Royal Robbins, Hanwag, and Fenix Outdoor brands said the quiet part out loud in his letter to investors regarding the quarter when he said there was not much positive to say from a sales perspective.
EXEC: Newell Brands Expects Slow Turnaround for Challenged Outdoor & Rec Segment
The parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo reported that revenue in its Outdoor & Recreation segment actually fell 20.8 percent in the quarter.
Columbia Brand Appoints Marketing Chief; Launches New Brand Vision
Matt Sutton, as senior vice president and head of marketing for the Columbia brand, was hired as the Columbia Brand has reportedly worked to bring a new strategic vision to life internally over the last few months.
EXEC: Saucony Brand’s Q3 China Retail Sell-Through Growth Exceeds 50 Percent
The core Xtep Brand posted a mid-single-digit year-over-year growth for the offline and online channels in China, with a discount of ~25 percent for the three months ended September 30.
Craft Sportswear to Open Pop-Up in SoHo During NYC Marathon
The retail space will serve as Craft’s “basecamp” during the New York City Marathon (November 3, 2024), where it will host events and feature the Kype Pro, the brand’s latest shoe designed for elite runners.
EXEC: Perfect Moment Opens First U.S. Warehouse and Distribution Center
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.
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.
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