Wedbush Securities announced the appointment of Tom Nikic as senior equity research analyst in the consumer group.
Category: Apparel
Authentic Brands Group Appoints President For LATAM
Authentic Brands Group announced that Joseph N. Zarro had rejoined the company as President of Latin America.
Trade Associations Express Concerns Over Biden Administration’s China Trade Policy
Trade associations in the retail, footwear and apparel space expressed disappointment over United States Trade Representative Katherine Tai’s announcement on the Biden administration’s China trade policy that called for existing tariffs to remain in place while restoring the ability of U.S. importers to seek exemptions from those levies.
Piper Sandler Fall Teen Survey Finds Acceleration In Teen Spending
Piper Sandler’s 42nd Semi-Annual Generation Z Survey finds mid-single growth year-over-year in apparel and footwear spend, led by females. In the active lifestyle space, Nike remains the leading apparel brand for teens while Lululemon gained 200 basis points year over year; Nike is the No. 1 footwear brand—up 500 basis points year over year.
OBIT: Bernard Tapie
Bernard Tapie, the former majority owner of Adidas, has passed away at the age of 78 after a years-long battle with cancer.
Outdoor Research Appoints VP Finance
Outdoor Research announced it had hired Stacie Robbins as VP of Finance.
Nike Debuts LeBron James Innovation Center
Nike Inc. debuted its 750,000-square-foot LeBron James Innovation Center, home for Nike’s innovation teams on its Beaverton, OR campus and five times the size of its previous Nike Sport Research Lab.
Smartwool Opens Second Location In Canada
Smartwool announced the opening of the brand’s second retail location in Canada. The store is located in Whistler Village in Whistler, BC.
Gap Inc. Acquires AI Startup CB4
Gap Inc. has acquired the New York and Tel Aviv based start-up Context-Based 4 Casting Ltd. (CB4) that uses AI and machine learning tools to transform retail operations, increase sales and improve the customer experience through predictive analytics and demand sensing.
JTB Custom Partners With Greybull Stewardship For Funding
JTB Custom closed a multi-million dollar funding round and announced a partnership with Greybull Stewardship.
University Of Minnesota Duluth Extends Partnership With Under Armour
The University of Minnesota Duluth (UMD) announced that its partnership with Under Armour and Universal Athletic has been extended through 2028.
McCann Worldgroup Names Nike’s Alex Lopez As President And Global Chief Creative Officer
McCann Worldgroup appointed Nike’s marketing veteran Alex Lopez as president and global chief creative officer. Lopez spent 23 years at Nike, most recently as global vice president of brand marketing and global men’s creative director.
Isbjörn Of Sweden Appoints Sourcing & Production Manager
Isbjörn of Sweden has recruited ex-H&M product developer Selma Jakobsson as its new sourcing and production manager.
Nike Founder Phil Knight And Former Nike Executives Launch NIL Firm Supporting Student-Athletes
Several University of Oregon alumni and donors, including Nike Co-founder Phil Knight, Pat Kilkenny, Ed Maletis, Jim Morse, and the Papé Family, announced the formation of Division Street, Inc., a sports venture that will assist Oregon student-athletes in monetizing their NIL. The venture includes former Nike executives.
Everlane Appoints CEO
Everlane appointed Andrea O’Donnell, former president of Ugg, as CEO. Michael Preysman, Everlane’s founder and former CEO, will become executive chair while taking on a sustainability-focused role.
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