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.
Category: Apparel
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.
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.
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