El Segundo, CA-based Fabletics, announced that it hired Kelli Dugan as chief design and merchandising officer, responsible for product creation, including merchandising, design and planning. Dugan will also lead the ongoing global expansion of its business into men’s, loungewear and swim.
Category: Apparel
NFL, MLB And Players Unions Increase Investments In Fanatics
The NFL, NFLPA, NHL, MLB, and MLBPA all increased their stakes in Fanatics as part of a recent $1.5 billion funding round, Fanatics has confirmed.
Progression Brands Group Names VP
Progression Brands Group (PBG) announced that Jeff Burkley had accepted the newly created position of vice president. Burkley will be responsible for developing and leading commercial strategies across the company’s multi-brand portfolio, including Capranea Apparel, DAHU Ski Boots, Movement Skis, YNIQ Eyewear, and Crazy Apparel.
Carhartt Appoints Chief Information Officer
Carhartt announced the promotion of Katrina Agusti as chief information officer.
NPD And IRI To Merge
The NPD Group (NPD) and Information Resources, Inc. (IRI) announced the signing of a definitive agreement to merge the two companies. The transaction is expected to close in the second half of 2022.
Nike To Open Technology Center In Atlanta
Nike plans to open a technology center in Atlanta in a major expansion in the area, according to the Atlanta Business Chronicle.
The Buckle’s Comps Drop 10 Percent In March
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 5-week period ended April 2, 2022, decreased 9.7 percent.
Levi Strauss’ Q1 Revenues Climb 22 Percent
Levi Strauss & Co. reported profits on an adjusted basis grew 34.9 percent in the first quarter ended February 27 as sales ran up 22 percent. Both earnings and sales topped Wall Street targets.
Ames Watson Leads Funding Round Investment In Margaux
Private equity holding company Ames Watson announced a leading Class B funding round investment in Margaux, a women’s footwear brand. Margaux is the latest in a series of investments and acquisitions for Ames’ growing portfolio of properties which includes Lids, Fanatics Lids College and South Moon Under.
Brand Finance Ranking Report: Nike Retains Top Spot As Most Valuable Brand
As a result of increased consumer demand for sportswear due to the pandemic, brands in the sector achieved significant value growth over the last year, according to the just-released Brand Finance Apparel 50 Report. Nike retains the top spot as the most valuable brand in the ranking since the rankings were instituted. Skechers and Li Ning were also among those growing significantly in value.
Frasers Group Appoints Managing Director, Cycling
Frasers Group plc announced the appointment of Russell Merry as managing director for cycling. The group currently operates from over 70 Evans Cycles stores and retails a collection of cycling specialty products across its Group portfolio, which spans 22 countries and over 500 stores.
Pacsun Launches Resale Platform
Pacsun has launched “Pre-Loved Pac,” enabling customers to buy and sell pre-owned items for Pacsun credit and shop pre-owned directly through the Pacsun website.
Farfetch Invests In Neiman Marcus
Farfetch, an online retailer of luxury fashion products, is taking a stake in Neiman Marcus Group as part of a broader strategic partnership that will see Bergdorf Goodman and Neiman Marcus join the Farfetch platform.
Lululemon Makes Executive Appointments
Lululemon has hired Simon Atkins, who formerly led basketball at Adidas, as SVP of footwear and Phil Dickinson, a Nike veteran, as SVP, global creative director. Both report to Sun Choe, chief product officer.
Hypebeast To List On NASDAQ Through SPAC Merger
Hypebeast, the digital media and e-commerce company with a focus on streetwear, plans to list its shares on Nasdaq through a merger with Iron Spark I Inc. The firm also indicated former Nike brand president Trevor Edwards will join its board.
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