Avid Apparel announced that it has secured an investment from Alignvest Management Corporation in partnership with EGADS Group.
Category: Apparel
Former Adidas Brand Chief Launching Sustainable Streetwear Brand
Eric Liedtke, who formerly led global brands at Adidas, is launching a zero-waste, zero-plastic streetwear brand called Unless, according to Business Of Fashion.
WHP Global Acquires Lotto
WHP Global has acquired the global trademarks for the Italian sports brand Lotto. Lotto Sport Italia S.p.A. (LSI) and its current leadership team, including CEO Andrea Tomat, will continue to operate the Lotto brand in the core markets of Italy, Europe, the Middle East, and Africa.
OvareGroup Outdoor Appoints President
The OvareGroup, based in Los Angeles, hired retail veteran Kara Anastasiadis as president of the newly formed OvareGroup Outdoor division.
Macy’s Appoints General Business Manager Of Apparel
Macy’s appointed Sam Archibald as general business manager of apparel. Archibald recently served as president of retail/outlets, North America, for Calvin Klein.
Gildan Publishes Lastest ESG Report
Gildan Activewear Inc. announced the publication of its 17th Environmental, Social and Governance (ESG) report. The 2020 ESG Report outlines its approach and commitment to ESG, the company’s 2020 performance results and key priorities to continuing its vision of Making Apparel Better.
Court Judge Rejects Under Armour’s Request To Dismiss UCLA Lawsuit
A Los Angeles Superior Court judge rejected Under Armour’s attempt to dismiss the lawsuit brought by UCLA seeking more than $200 million in damages over its terminated sponsorship deal.
WSS Named Partner Of The Los Angeles Dodgers
The Los Angeles Dodgers announced a multi-year partnership with WSS, the West Coast sneaker chain that recently entered into an agreement to be acquired by Foot Locker.
Hibbett Boosts Guidance As Q2 Far Exceeds Analyst Estimates
Hibbett Inc. raised its outlook for the year after reporting second-quarter results that came in well above Wall Street targets. Same-store sales declined 6.4 percent year over year but represented a surge of 72.8 percent compared to the second quarter of 2019.
Outdoor Voices To Open Store In Denver
Outdoor Voices plans to open a store this fall in Denver, CO at the River North Art District section of Five Points.
Athleta’s Q2 Comps Gain 13 Percent Year-Over-Year
Athleta’s net sales were up 35 percent in the second quarter versus 2019, according to its parent, Gap Inc. Comparable sales at Athleta grew 13 percent year-over-year and 27 percent versus 2019.
Resale Startup Trove Raises $77.5M
Trove, a Brisbane, CA-based branded recommerce company, raised $77.5 million in Series D funding. The round, which brought Trove’s total funding to date to $122.5 million, was led by G2 Venture Partners with participation from Bank of Montreal, Capital One Ventures, Commerce Ventures, and Wellington Management.
Gap Inc. Acquires E-Commerce Startup Drapr
Gap Inc. has acquired Drapr, an e-commerce startup and online tech application where customers can create 3D Avatars and virtually try on clothing.
Urban Outfitters Sees Q2 Sales Improve 20.3 Percent Against Q219
Urban Outfitters reported net sales for the three months ended July 31 were a record $1.16 billion. Net sales increased 20.3 percent compared to the three months ended July 31, 2019.
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