At an investor event held in Shanghai, Lululemon Athletica officials did not provide any major updates on progress in reviving North America revenues, but analysts told SGB Media that officials laid out a convincing strategy to reach its goal of having international ultimately represent half of sales, fueled predominately by China Mainland.
Category: Apparel
EXEC: Rip Curl CEO Resigns Two Weeks After Parent Company CEO Resigned
Brooke Farris has given notice of her resignation as Rip Curl brand CEO. The move came just two weeks after Michael Daly notified the Board of his resignation after serving as Group CEO since May 2021. Former Nike executive Brent Scrimshaw was named the new group CEO.
YogaSix Opens First Studio in Germany
The opening of the Frankfurt studio is part of YogaSix’s ongoing global expansion, which includes more openings in Germany and a debut in Japan as a result of a Master Franchise Agreement signed earlier this year. Christophe Collinet and Daniel Hoffman of LifeFit Group are leading the expansion efforts.
Astral Appoints Head of B2B Sales
As head of B2B Sales, Christian Mason will strengthen long-term relationships with key partners for Astral and optimize sales performance across all branded product.
NRF Sees 2024 Holiday Selling Season Growth Lowest Since 2018
“Household finances are in good shape and an impetus for strong spending heading into the holiday season, though households will spend more cautiously.” – NRF Chief Economist Jack Kleinhenz.
Ironman Hires EVP of Global Partnerships
The Ironman Group added Yanni Andreopoulos, formerly at ABB FIA Formula E, as executive vice president of Global Partnerships.
Beyond Yoga Parent, Levi Strauss, Appoints Board Member
Levi Strauss & Co. announced today that its board of directors has elected Daniel Geballe as a board member, effective April 26, 2025. At that time, current member David Friedman will retire from the board.
EXEC: Adidas Again Lifts Guidance on Robust Third Quarter Results
Excluding Yeezy sales, currency-neutral revenues jumped 14 percent in Q3. Any further Yeezy sales this year are expected at cost, resulting in ~€50 million in additional sales and no further profit contribution in the fourth quarter.
Foot Locker Signs Multi-Year Partnership with Chicago Bulls
Ahead of the 2024/25 NBA season, Foot Locker, Inc. announced a multi-year partnership with the Chicago Bulls. “The rich legacies of Foot Locker and the Chicago Bulls—two institutions that have long been at the forefront of basketball culture—make this partnership a natural fit,” said Frank Bracken, EVP and chief commercial officer at Foot Locker.
B2B Inventory Marketplace Raises $40M in Funding Round
The private b2b marketplace for worldwide brands to sell surplus inventory to new buyers, raised $40 million in Series C funding led by L Catterton with participation from existing investors.
Rhone, NBA Tap All-Star Kevin Hart For Wellness Campaign
The NBA has partnered with apparel brand Rhone to create awareness around the importance of cognitive and physical fitness with Miami Heat’s Kevin Love.
Footasylum Appoints Chief Commercial Officer and Senior Buying Director
Former Under Armour executive Will Van Rensburg was appointed the company’s chief commercial officer and ex-Reebok product director Glen Wilkinson to senior buying director.
TrueTimber Acquires Blizzard Buddy; Integrates Tech into Current Offerings
By joining with TrueTimber, Blizzard Buddy will have access to additional resources and a broader distribution network. The company said, “Customers can expect a seamless transition as TrueTimber and Blizzard Buddy integrate their operations.”
Asics Arabia Signs Partnership with Saudi Sports for All Federation
As a strategic partner for two SFA events, Asics Arabia will be a key sponsor of the Riyadh Marathon, an annual event held in February.
Report: Inflation Likely to Restrain Sales on Black Friday/Cyber Monday
A recent YouGov report report found that U.S. consumers expect to spend less during these iconic shopping days, with 27 percent planning to spend less and just 9 percent increasing their spend from last year.
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