The board of directors of Iconix Brand Group Inc. on Monday announced that Robert Galvin has been appointed CEO, president and a member of the board of directors of the company effective October 15.
Category: Apparel
Huron Capital’s IQ Brands Acquires Wheel House Designs
Huron Capital announced the company’s socks and apparel accessories platform, IQ Brands, has acquired Wheel House Designs, a producer of novelty socks to specialty stores and boutiques throughout North America. The deal marks the fourth add-on acquisition for the IQ Brands platform.
Duluth Trading Names Allen L. Dittrich Chief Operating Officer
Duluth Holdings Inc. (dba, Duluth Trading Company) announced that Senior Vice President Allen L. Dittrich will assume the role of chief operating officer, a new position within Duluth Trading.
Sears Files For Bankruptcy; To Close 142 More Stores
Sears Holdings, the parent of Sears and Kmart, filed for Chapter 11 bankruptcy early Monday morning after a long battle to stay afloat amid steep declines in sales and customer traffic. As part of the bankruptcy, Sears will shutter 142 stores toward the end of the year.
Simon To Develop NHL Seattle’s Headquarters
Simon Property Group, the shopping mall developer, announced the company is joining with NHL Seattle, the group closing in on obtaining an NHL franchise for the city, to have the team’s corporate headquarters and Training Center become a part of the re-imagined Northgate community.
Under Armour Settles Lawsuit With Armore
Under Armour has reached an undisclosed settlement with Oklahoma-based exercise equipment company Armore according to the Associated Press.
Scheels To Open Store In Colorado Springs
Scheels All Sports plans to open the company’s second store in Colorado in Colorado Springs in the spring of 2021. The 220,000-square-foot store will feature a 65-foot, 16-car working Ferris wheel, giant saltwater aquarium, “wildlife mountain” of taxidermy specimens and 75 specialty shops.
Vineyard Vines Opens Pop-Up Location At Patriot Place
Vineyard Vines, the lifestyle apparel brand best known for the company’s smiling pink whale logo, announced the opening of their new pop-up store location in Patriot Place, a regional shopping, dining and entertainment destination located adjacent to Gillette Stadium in Foxborough, MA.
18th Annual Spalding Hoophall Classic Presented Draws Elite Talent
The Naismith Memorial Basketball Hall of Fame announced the field of teams and game schedule for the 2019 Spalding Hoophall Classic presented by Eastbay, an annual basketball showcase now in its eighteenth year at Springfield College.
PGA Of America Appoints Board Member
Andrea B. Smith, chief administrative officer (CAO) at Bank of America, has been elected to the PGA Board of Directors as an independent director.
Report: Sears May Liquidate Before Holiday Selling
A bankruptcy filing by Sears Holdings, the parent of Sears and Kmart, is expected as soon as Monday when a major debt payment comes due. But sources told the Wall Street Journal that some of the company’s major lenders are pushing for an outright liquidation to avoid any bankruptcy restructuring phase. A liquidation would waylay the fitness equipment category and add promotional pressures to holiday selling.
Aisle Talk Week Of October 8
Top headlines from the active lifestyle industry you may have missed this week, including Asics announcing the opening of an urban, large-scale, low oxygen training center in Tokyo in September 2019.
Asics To Operate New Low-Oxygen Training Center
Asics announced the opening of an urban large-scale low oxygen training center in September 2019. The training center will be housed within a multi-purpose facility in Tokyo’s futuristic Toyosu district and will be approximately 5,000 square meters and occupy the second and third floors of the facility.
Anta’s Takeover Talks With Amer Sports Advancing
Anta’s negotiations regarding with Amer Sports about a possible takeover are advancing, according to a report from Bloomberg. Sources indicated that Anta has talked to banks about financing for the transaction and is progressing with due diligence on Amer.
Fukuoka SoftBank Hawks And Fanatics Announce Innovative New Partnership
The new long-term strategic partnership, which will run for 10 years from March 2019, is the first for Fanatics in Asia.
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