5.11 Tactical, a subsidiary of Compass Diversified, will open its 100th store in Oxnard, CA, on September 17, 2022.
Category: Apparel
Kanye West Seeks To End Relationship With Gap And Adidas
Kanye West said he formally notified Gap, Inc. that he is terminating his partnership with the apparel chain after two years. He accuses Gap of breaking their agreement by not releasing his apparel line or opening planned retail stores. West also reiterated to media outlets that he plans to end his Adidas contract.
Mastercard: U.S. Holiday Sales Expected To Grow 7.1 Percent
U.S. retail sales, excluding automotive, are expected to increase 7.1 percent year-over-year this holiday season, according to the Mastercard SpendingPulse annual holiday forecast.
Rab, Lowe Alpine Names National Sales Manager
Rab and Lowe Alpine hired Peter McConkie as national sales manager. He was the national sales manager for Vasque Footwear.
Olympia Sports Retains Liquidators To Close Remaining 34 Stores
Olympia Sports, which filed for bankruptcy this week to support liquidation, hired SB360 Capital Partners, LLC as its exclusive consultant to conduct “Going Out of Business” sales in its remaining 34 stores.
Railroad Strike Averted After Tentative Deal Reached
Railroads and workers’ unions reached a tentative labor agreement early Thursday, averting a national rail strike that threatened to shut a major segment of the U.S. transportation network.
Report: Steph Curry Nearing $1B Lifetime Contract With Under Armour
Steph Curry is poised to sign a lifetime contract with Under Armour worth “potentially more than $1 billion,” according to a report from Rolling Stone.
Patagonia’s Next Chapter
Patagonia announced new ownership today, nearly 50 years since Yvon Chouinard founded the business. Effective immediately, the Chouinard family has transferred ownership to two new entities—Patagonia Purpose Trust and the Holdfast Collective, with every dollar that is “not reinvested back into Patagonia be distributed as dividends to protect the planet.”
Dickies Hires Director Of Global PR And Corporate Communications
Dickies announced it hired Marianna Friedman as director of global public relations and corporate communications.
Emerald Receives Final Proceeds From Insurance Litigation Settlement
Emerald Holding, Inc. announced that it had received $149.25 million from its insurance litigation settlement for canceled events under its 2020 and 2021 event cancellation insurance policies.
Deloitte: Holiday Retail Sales Expected To Increase 4 Percent To 6 Percent
Holiday retail sales are likely to increase between 4 percent and 6 percent in 2022, according to Deloitte’s annual holiday retail forecast. In 2021, holiday sales grew by 15.1 percent in the same period.
Olympia Sports Files For Bankruptcy Protection To Liquidate Remaining Stores
Maine-based Olympia Sports Acquisitions, LLC filed for Chapter 11 protection with plans to liquidate its remaining 35 stores, citing poor sales, online competition and residual problems from the COVID-19 pandemic.
Hudson’s Bay Appoints President
Hudson’s Bay announced that Wayne Drummond is retiring from the company, and it hired Sophia Hwang-Judiesch as president, effective September 19, 2022.
Newell Brands’s Debt Ratings Outlook Lowered
S&P Global Ratings revised its debt ratings outlook on Newell Brands Inc. to negative from stable. The revision follows Newell’s move to lower its earnings and cash flow guidance significantly for the remainder of the year because of weak macroeconomic conditions, volume declines due to orders pullback from key customers, and continued inflationary pressures.
Ripton & Co. Opens Retail Store And Office Space In Boulder
Ripton & Co., the technical active stretch denim brand, opened a retail store and office in Boulder, CO.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal