Puma reported earnings tripled in the first quarter as sales expanded 25.8 percent on a currency-neutral basis. On a currency-neutral basis, the gains were led by the Americas, climbing 38.5 percent and led by North America. Asia/Pacific revenues grew 28.8 percent, led by China, while EMEA gained 14.0 percent.
Category: Apparel
VF Corp. Enters Into Agreement To Sell Occupational Portion Of Work Segment
VF Corp announced that it has entered into a definitive agreement to sell the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC.
Cotopaxi Bolsters Team With Strategic Hires
Cotopaxi announced four hires, including Cindy Grönberg Moldin, vice president of brand, Landon John, director of retail, Skylar Stice, director of operations, and Carie Behe, GTM marketing manager.
Adidas To Move Basketball Unit To Los Angeles
Adidas has merged its lifestyle and performance units within basketball and is moving basketball operations from Portland, OR to Los Angeles. The moves are expected to better position the brand for growth in the basketball category.
Delta Apparel Forms Strategic Partnership With Autoscale.ai
Delta Apparel Inc. announced a strategic partnership with Dallas-based Autoscale.ai to integrate its technology that automates the product design, marketplace listings and advertising management for online retail.
Macy’s Debt Rating Outlook Revised To Positive
S&P Global Ratings revised its debt rating outlook on Macy’s to positive from negative on encouraging signs that an accelerating economic recovery is emerging. S&P said it believes operating conditions for apparel retailers are “fast improving.”
Duluth Trading Appoints President And CEO
Duluth Trading Company appointed retail industry veteran Sam Sato as president and chief executive officer, effective May 3, 2021. Sato was most recently CEO of The Finish Line.
New Wave Group’s Sales Climb 12 Percent In Q1
New Wave Group AB reported a profit against a loss in the first quarter. Sales grew 12 percent in the first quarter.
New Balance Signs Boston Celtics Aaron Nesmith
New Balance signed Boston Celtics rookie, Aaron Nesmith, to a multi-year sponsorship deal, representing the brand’s fifth NBA player endorsement since returning to the sport of basketball in 2019.
Backcountry Appoints New CFO
Backcountry.com announced the hiring of Jim Bell as its new chief financial officer, effective April 19, further strengthening Backcountry’s leadership team as it capitalizes on growth in e-commerce while preparing to expand its brick & mortar retail footprint.
REI To Relocate Mountain View Store To Sunnyvale
REI Co-op, which has over a dozen locations in Northern California, will relocate its Mountain View, CA store to Sunnyvale in fall 2021.
Emerald Launches B2B E-commerce Platform
Emerald Holding Inc. announced the launch of its Digital Market B2B e-commerce platform that supports product sourcing and ordering across a broad range of brands. The platform also provides a more streamlined and collaborative buyer/supplier experience at its in-person events, including Outdoor Retailer and Surf Expo.
Hockey Dealers Association Partners With American Special Hockey Association
The Hockey Dealers Association (HDA), a division of the National Sporting Goods Association (NSGA), announced a partnership with the American Special Hockey Association (ASHA) to establish opportunities for both organizations to build connections and grow the industry.
Mammut Acquired By Telemos Capital
Swiss holding company Conzzeta announced that it reached an agreement to sell Mammut to financial investor Telemos Capital.
Craft Sportswear To Sponsor Tough Mudder
Tough Mudder said Craft Sportswear has entered into a multi-year global partnership to become the “Official Performance Apparel and Footwear” of the series. Previously, Merrell was the footwear sponsor and Alanic was the apparel partner.
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