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.
Category: Apparel
Adidas Launches New Share Buyback Program
Adidas said its board has decided to launch an additional share buyback program following the completion of a share buyback program launched in July. Starting on October 18, 2021, the company plans to buy back shares worth €450 million until the end of the year.
Report: Gymshark Exploring IPO
The U.K.-based fitness apparel and athleisure brand Gymshark is in preliminary talks with banks and institutional investors over a potential IPO, according to Sky News.
Salt Life To Open Five Stores
Delta Apparel Inc. announced plans for five new wholly-owned retail stores for its beach lifestyle brand, Salt Life. Storefronts in Florida, South Carolina and Alabama are expected to open early next year.
Sportsman’s Warehouse Appoints Interim CFO
Sportsman’s Warehouse Holdings, Inc., which agreed in January to be acquired by Bass Pro, said in a regulatory filing that Jeff White has been appointed vice president of finance, chief accounting officer and interim chief financial officer of the company,
Vuori Secures $400 Million Investment From SoftBank
Southern California-inspired activewear brand Vuori announced a $400 million investment from SoftBank Vision Fund 2 at a valuation of $4 billion. The funding will support the launch of Vuori’s international expansion in 2022 and a goal to open more than 100 new stores in the U.S. over the next five years
Outdoor Adventure Brands Secures $8.2 Million Credit Facility
Tiger Finance has closed on $8.2 million in growth financing for Outdoor Adventure Brands (OAB), the e-commerce and retail company known for its Austin Canoe & Kayak stores in Texas and Summit Sports locations in Michigan.
ICSC Survey Projects 8.9 Percent Holiday Sales Gain
Shoppers are expected to provide a boost for retailers during the 2021 holiday shopping season, according to ICSC’s Annual Holiday Shopping Intentions Survey. ICSC forecasted an 8.9 percent year-over-year increase in November through December sales with the total expected to reach $923 billion. The annual Holiday Shopping Intentions Survey found that the average consumer this holiday season plans to spend an average of $637 on gifts and other holiday-related merchandise.
Nike Sued By Former Oregon Project Runner, Mary Cain
Former star middle-distance runner Mary Cain has filed a $20 million lawsuit against disgraced coach Alberto Salazar and Nike alleging she suffered years of emotional abuse.
Big Agnes Announces Hires In Product Development And Sourcing
Big Agnes announced new hires within its product development team. Joining the company are Bryan Davis, Leanne Thompson and Monica Welcker, while Tim Leroy joins its sourcing department.
Hibbett Opens Location In Grand Prairie
Hibbett announced the opening of its newest location in the mid-cities suburb of Grand Prairie located between Dallas and Fort Worth, TX.
Fanatics Partners With Macy’s
Fanatics has reached an agreement to sell fan apparel and merchandise on Macy’s website. Fanatics will expand Macy’s current fan apparel offering by nearly 20 times.
NFHS Signs Corporate Partnership Renewal With Varsity Spirit
The National Federation of State High School Associations (NFHS) has renewed its corporate partnership agreement with Varsity Spirit a division of Varsity Brands.
U.S. Shoppers To Show “Generosity Of Spirit” This Holiday Season, Accenture Survey Finds
Americans are looking forward to the holiday season this year, with many planning to spend the same or more compared with last year and support charitable organizations and their local communities, according to the 15th Annual Holiday Shopping Survey from Accenture.
Yoox Net-A-Porter Appoints General Manager, U.S.
Yoox Net-A-Porter has appointed Mary Ransom as the general manager of the company’s business in the United States.
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