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.
Category: Apparel
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.
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.
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