Berkshire Hathaway Corp. sales across its apparel and footwear businesses increased 25.3 percent in 2021 compared to 2020, according to the holding company’s annual report. The businesses include Fruit of the Loom, Garan, H.H. Brown Shoe Group, and Brooks Sports.
Category: Apparel
Fabletics To Open 30 New Stores In 2022
Fabletics announced plans to open 30 new store locations in 2022. The activewear brand co-founded by actress Kate Hudson currently has over 75 locations
Hibbett’s Q4 Comps Dip 1 Percent
Hibbett Inc. reported fourth-quarter earnings declined 23.9 percent as same-store sales dipped 1.0 percent. Results and guidance were in line with an update given on February 18.
REI SoHo Employees Vote To Unionize
REI employees in its SoHo, New York City retail store, voted to form the co-op’s first union. Eighty-eight of the store’s 102 workers voted to join the Retail, Wholesale and Department Store Union (RWDSU), and fourteen voted not to join. An in-person tally conducted the vote in the store’s breakroom by the National Labor Relations Board.
Forloh Appoints Vice President Marketing And E-Commerce
Forloh, the technical outdoor brand, announced the appointment of Nick Skally to VP, marketing and e-commerce.
Academy Sports Announces Inaugural Quarterly Cash Dividend
Academy Sports and Outdoors Inc. announced that its Board of Directors approved the initiation of a quarterly cash dividend.
Reebok Appoints VP Europe
Reebok promoted Laurent Fricker to vice president for Europe, according to Fashion Network.
Nike To Temporarily Close Stores In Russia
Nike, Inc. said it would temporarily close all its owned stores in Russia. The brand joins a number of other Western brands that have suspended their businesses in the country following Moscow’s invasion of Ukraine.
Athleta Q4 Sales Gain 52 Percent On Two-Year Basis
Gap, Inc. reported fourth-quarter net sales at Athleta jumped 52 percent versus 2019 with comparable sales up 42 percent versus the fourth quarter of 2019.
OC Sports Appoints National Sales Manager
OC Sports announced it promoted Nate Currier to national sales manager. Currier has over five years of experience at Outdoor Cap, previously in the Farm and Western Division.
Adidas Appoints Chief Creative Officer
Adidas announced the appointment of Alasdhair Willis to chief creative officer responsible for the global creative direction for its brands and its three labels—Performance, Originals and Sportswear.
PrimaLoft Appoints Senior Vice President, Technology And Development
PrimaLoft, Inc. named Manish Jain as its new senior vice president, technology and development.
Snipes Acquires Expressions
Snipes continues its expansion in the U.S. by acquiring New England-based sneaker retailer Expressions. The acquisition comes on the heels of its recent acquisition of Jimmy Jazz.
Anta To Open Fila-Branded Hotel In Shanghai
Anta announced a partnership with Hyatt Hotels to open a lifestyle hotel concept, Fila House Shanghai, in 2024.
Under Armour Must Submit Documents Related To SEC, DOJ Investigations To UCLA
Under Armour, Inc. must submit documents related to the federal government’s investigation into its accounting practices which led to a $9 million fine last year, a Los Angeles judge overseeing the litigation over its canceled UCLA contract has ruled, according to the Baltimore Business Journal.
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