Goat, the marketplace for sneakers, announced a partnership with the Los Angeles Lakers’ Kyle Kuzma as the company’s first Brand Ambassador. The 2018 All-Rookie First Team select will represent Goat on and off the court throughout the NBA season.
Category: Apparel
Puma Signs DeMarcus Cousins
Puma has officially signed DeMarcus Cousins of the Golden State Warriors after Nike declined to exercise the company’s match rights according to ESPN.
5.11 CEO Francisco Morales Talks Retail Expansion, Tactical Sector Growth
Francisco Morales, newly appointed CEO of 5.11—the tactical gear brand he co-founded in 2003—spoke with SGB about what’s driving the company’s brick-and-mortar growth, the explosion of the tactical sector and the importance of having a supportive parent company like CODI.
Perry Ellis Shareholders Approve Proposed Transaction With George Feldenkreis
Perry Ellis International Inc. announced that based on the vote tally from the Special Meeting held Thursday, Perry Ellis shareholders have approved the proposed transaction with George Feldenkreis in which Perry Ellis will become a private company through a $437 million transaction.
Nike’s CIO Joins Merck & Co
Jim Scholefield, Nike Inc.’s global CIO, is joining Merck & Co. as chief information and digital officer, effective October 29.
Brian Accola Joins Mountain Khakis As Principal Rep In Great Lakes Region
Mountain Khakis, the lifestyle apparel brand for men and women, has announced that Brian Accola, president of Great Lakes Apparel Sales, has joined the company as the principal sales representative for the Great Lakes region, which includes Michigan, Indiana, Ohio and Kentucky.
Schuylkill Valley Sports Partners With Celerant Technology On New SSI Data Linked Platform
Celerant Technology, a leading provider of innovative retail and e-commerce solutions, announced that Schuylkill Valley Sports (SV Sports) has become the company’s first client to integrate their weekly SSI Data point-of-sale data reporting through Celerant’s new integration tools that connect seamlessly with SSI Data. Through this integration, SV Sports has easy access to robust marketplace trend reporting tools and reports to help the company compete and grow business.
Joe Prebich Exits Mammut North America
Joe Prebich, who was appointed managing director of Mammut North America in April, is no longer with the company, according to its public relations team, which declined to disclose the reason for Prebich’s exit. “Mammut and Joe ended their relationship professionally this week,” a representative of Mammut North America’s PR team told SGB Thursday.
Oppenheimer Upgrades Nike On “Technological Evolution” Promise
Oppenheimer lifted the rating on Nike Inc. to “Outperform” due to the company’s investments in building a “digitally-enhanced” business model that are expected to “enhance most facets of its business.”
Fanatics Partners With German Football Association
The German Football Association (DFB) announced a partnership with Fanatics. Beginning in January 2019, the new long-term partnership will see fans of the national team provided with a greater range of products and wider availability around the world.
New Iconix CEO Resigns From Big 5’s Board
Big 5 Sporting Goods reported Robert Galvin, who was just named CEO of Iconix Brand Group, has resigned from the company’s board of directors.
Moody’s Affirms Bass Pro’s Ratings On Cabela’s Progress
Moody’s affirmed the ratings of Bass Pro after due to improving margins as synergies from the company’s merger with Cabela’s have arrived ahead of plan. Bass Pro’s debt repayments have also been higher than expected since the acquisition closed.
Study: China Tariffs To Accelerate Nearshoring Of Apparel
In a new report, McKinsey & Co. predicts that nearshoring–or sourcing in the U.S. or countries close to the U.S.–will accelerate in the apparel industry in the years ahead. Many trends (e.g., speedy fashion shifts requiring quick turnarounds, advances in automation, sustainability concerns) are arriving to make nearshoring more attractive as others (e.g., rising wages in Asia, China tariffs) are making sourcing from Asia less so.
RECALL: Adidas Kids Swimwear
Adidas announced a voluntary recall of kids’ swimwear products of the Infinitex 3-Stripe range.
Under Armour Signs Two NBA Rookies: Mo Bamba And Hamidou Diallo
Under Armour signed Orlando Magic rookie center Mo Bamba and Oklahoma City Thunder rookie guard Hamidou Diallo.
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