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.

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.

The Buckle’s Comps Jump In February

The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 26, 2022, increased 33.3 percent from comparable store net sales for the 4-week period ended February 27, 2021.

Fanatics Earns $27 Billion Valuation In Latest Funding Round

Fanatics, Inc. raised $1.5 billion from a group of investors, including Fidelity Management & Research Co., managed by BlackRock, Inc. and Michael Dell’s family office (MSD Capital LP), valuing the company at $27 billion, according to a report from the Wall Street Journal.

Ross Stores’ Q4 Comps Climb 9 Percent

Ross Stores reported same-store sales grew 9 percent in the fourth quarter but earnings declined due to higher freight, wages and COVID-related costs. The off-pricer also announced a new two-year $1.9 billion stock repurchase program, increased its quarterly dividend and raised its long-term growth potential.