Lululemon said in an internal memo to employees that Brynn Putnam, CEO of Mirror, has stepped down, effective immediately. Putnam will continue to serve as an advisor to Mirror until next July while Lululemon searches for her successor.
Category: Apparel
Kathmandu’s Sales Expand 15 Percent In Fiscal Year
Kathmandu Holdings Ltd. reported sales rose 15.1 percent in the fiscal year ended July 31. Strong performances were seen from Rip Curl and Oboz, driven by participation growth in surfing and hiking. The Kathmandu chain was impacted by COVID-related travel restrictions.
Lids Appoints President
Lids announced the promotion of Britten Maughan to president. He was Lids’ senior vice president, marketing and partnerships.
Dick’s SG Becomes Official Sporting Goods Retail Partner Of The WNBA
The Women’s National Basketball Association (WNBA) announced that Dick’s Sporting Goods has been named an Official Marketing Partner of the league beginning in 2021. Through this new multiyear agreement, Dick’s Sporting Goods will become the Official Sporting Goods Retail Partner of the WNBA.
Under Armour Countersues UCLA In Sponsorship Rift
Under Armour Inc. has filed a countersuit three weeks after a Los Angeles Superior Court judge refused to dismiss UCLA’s $200 million lawsuit against Under Armour.
Nike Named World’s Most Marketable Brand In Sport For 2021
Nike again earned the top spot in SportsPro’s second annual list of the World’s 50 Most Marketable (50MM) Brands powered by Hookit. Adidas came second in the standings. Emirates, Santander and Red Bull rounded out the top five.
Amer Sports Announces Retirement Of Salomon VP / Atomic GM
Amer Sports announced that Mike Adams is retiring after 45 years in the snowsports industry and more than 25 years with Amer Sports.
Nike Compensation/Benefits VP Joins Walmart
Kim Lupo, formerly Nike’s VP, global total rewards, operations & people analytics, has joined Walmart as senior vice president of total global rewards.
Gap Inc. Launches New Fulfillment Capabilities Ahead Of Holiday Season
Gap Inc. said it invested more than $100 million supporting the expansion of fulfillment centers in Phoenix, AZ and Gallatin, TN.
Former Lululemon CFO Joins Chico’s FAS
Chico’s FAS Inc. announced that Patrick Guido, former EVP and CFO at Lululemon, has been appointed chief financial officer.
Lyle & Scott Hires Sales Manager To Lead U.S. Launch
Lyle & Scott, the golf fashion brand based in Hawick, Scotland, has hired Wayne Webster as national sales manager as it launches in the U.S.
Fanatics Partners With The Dallas Cowboys
Fanatics and The Dallas Cowboys announced an exclusive, ten-year merchandise partnership that will see Fanatics open and operate an online and mobile commerce platform for the team.
BN3TH Recruits New Marketing Director
Underwear brand BN3TH has hired Zach Boon as marketing director.
Patagonia To Develop And Scale Circular Solutions In Textiles
Patagonia announced it is collaborating with Natural Fiber Welding Inc. (NFW) to develop and scale circular solutions in textiles.
Deloitte: Holiday Retail Sales Expected to Increase 7-9 Percent
Holiday retail sales are likely to increase between 7 percent and 9 percent in 2021, according to Deloitte’s annual holiday retail forecast. Deloitte also forecasts that e-commerce sales will grow by 11 percent to 15 percent, year-over-year.
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