Fleet Feet announced that it has successfully acquired specialty running retailer FITniche and its three locations in the Tampa, FL area.
Category: Apparel
L.L. Bean Seeing Back Orders Grow Amid Supply Chain Strains
L.L. Bean is seeing back orders build as it grapples with challenges securing product amid the ongoing port congestion and other supply chain challenges, CEO Stephen Smith told WCVB-TV.
Aquasphere Launches R&D Hub
Aquasphere announced it has created an R&D Hub to develop its swim product. Launching in partnership with CN Antibes, the French swim club led by four-time Olympic gold medalist Alain Bernard, the R&D Hub is planned to expand to North America and the Asia Pacific to support its product offerings in these regions.
Anta Sports Sees Q3 Sales Gains
Anta Sports reported retail sales of its core Anta brand increased low-teens in the third quarter year-over-year and delivered mid-teens positive growth as compared to the same period of 2019.
Kathmandu Appoints New Director
Kathmandu Holdings Limited announced the appointment of Abigail Foote as a director of the company.
Saks E-Commerce Platform Prepares For IPO
The e-commerce business of Saks Fifth Avenue is planning an initial public offering that would value the company at about $6 billion, according to a report in the Wall Street Journal.
Crocs Hires Chief Product And Merchandising Officer; Announces Promotion From Within
Crocs Inc. announced that Lori Foglia was hired as senior vice president and chief product and merchandising officer and that Erik Olson was promoted to senior vice president, global sourcing and product execution.
Gordmans, Peebles, Goody’s, And Palais Royal Store Banners For Sale
Hilco Streambank is soliciting offers for the retail store banners, private label brands and associated domain names, utilized by Gordmans, Peebles, Goody’s, and Palais Royal department stores.
Foot Locker Launches Apparel Brand
Foot Locker Inc. announced that it’s launching an apparel line, LCKR by Foot Locker, focused on casual wear, including pullover hoodies and sweatpants.
OBIT: Wieden+Kennedy’s David Kennedy
David Kennedy, the co-founder of Wieden+Kennedy, has passed away at the age of 82. The Portland, OR-based advertising agency is best known for its work with Nike.
Asics Appoints President And CEO, Asics North America
Current Asics North America president and chief operating officer, Richard Sullivan has been appointed to Asics North America president and chief executive officer and named an executive officer of Asics Corp.
Retail Sales Unexpectedly Rise In September
The U.S. Census Bureau said overall retail sales in September were up 0.7 percent seasonally adjusted from August, topping the Dow Jones estimate for a decline of 0.2 percent.
Compass Diversified Announces Sale Of Advanced Circuits
Compass Diversified (CODI) announced it has entered into a definitive agreement to sell its majority-owned subsidiary, Compass AC Holdings, Inc., the parent company of Advanced Circuits, Inc., to Tempo Automation Inc. for $310 million.
Nike Invests In LeBron James’ SpringHill Company
LeBron James’s SpringHill Company has sold a “significant” minority stake to Nike, RedBird Capital Partners, Fenway Sports Group and Epic Games.
Under Armour Appoints Chief Consumer Officer
Under Armour Inc. announced the appointment of Massimo Baratto to executive vice president, chief consumer officer. Since joining Under Armour in 2018, Baratto has served as managing director of the company’s Europe, Middle East and Africa (EMEA) region.
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