Perry Ellis International agreed to go private in a deal valued at $437 million, four months after George Feldenkreis, the founder and former executive chairman, made a bid for the apparel company.
Category: Apparel
Lululemon Supports Increased Access To Yoga And Meditation Through Donations
Lululemon Athletica announced that, on June 21, the company will donate 100 percent of profits from the company’s in-store and online sales to benefit non-profit groups that increase access to yoga and meditation for communities that face barriers to well-being.
Canada Goose Ramps Up Growth Targets Following Blowout Year
Crushing the company’s first year public, Canada Goose Inc. lifted the company’s growth targets for the next three years ahead while spelling out the company’s big expansion opportunities in China and DTC.
Can Cherokee Stick Landing After ‘Disruptive’ 24 Months?
Cherokee Global Brands ended fiscal 2018 with a loss due to difficulties with the integration of the Hi-Tech brand into the company’s portfolio. And now the start to fiscal 2019 is being marred by the sale of Flip Flop Shops. Can the Tony Hawk brand and others save the company?
Aisle Talk Week of June 11
Top headlines from the active lifestyle industry you may have missed this week, including Eddie Bauer and PacSun combining under a new operating company.
Reports: Puma To Sign Marvin Bagley
Puma, marking the company’s return to performance basketball this year, has signed top NBA draft prospect Marvin Bagley III to a five-year endorsement deal.
Canada Goose’s Q4 Revenues More Than Double
Canada Goose Inc. reported net income of Canadian $6.6 million, or 7 cents a share, in the fourth quarter ended March 31, rebounding from a loss of C$23.3 million, or 23 cents, a year ago. Revenues catapulted 144 percent.
Canada Goose To Open Three New Stores In North America
Canada Goose Holdings Inc. announced the next phase of its global retail expansion, opening three stores this fall in Short Hills, NJ, Montréal, Quebec and Vancouver, British Columbia.
Eric Sprunk Discusses Nike’s Sustainability Journey
Speaking recently at the Copenhagen Fashion Summit, Nike Inc.’s COO Eric Sprunk said Nike now knows “sustainability drives innovation and improves the performance of everything we make.” But he spent a large chunk of his keynote session discussing the brand’s shortfalls in the past and its long “journey” to embracing that mindset.
Eddie Bauer Names Damien Huang President
Eddie Bauer announced that Damien Huang has been named president. Huang was most recently Eddie Bauer’s senior vice president of merchandising & design.
Licensing Expo’s Key Attendance Expands
Licensing Expo, held in Las Vegas from May 22 to 24, 2018, saw significant growth in key areas among its attendee base, including a 10 percent increase in retailers and 16 percent increase in first-time attendees.
Rue21 Appoints Laurie Van Brunt President And CEO
Rue21 appointed Laurie Van Brunt president and chief executive officer, Michele Pascoe as senior vice president and chief financial officer and Stephen Sommers as senior vice president and chief marketing officer.
Mammut Partners With OutsidePR, Launches New Communications Strategy
San Francisco-based public relations and sports marketing agency OutsidePR has announce a partnership with Mammut Sports Group-North America. OutsidePR will lead media outreach and execute Mammut’s North American media relations strategy.
Former Billabong CEO To Head Gap Chain
Gap Inc. appointed Neil Fiske, the former chief executive officer at Billabong and Eddie Bauer, as president and chief executive officer of Gap brand.
May Retail Sales Up 5.6 Percent Over Last Year
May retail sales increased 0.7 percent seasonally adjusted over April and 5.6 percent unadjusted year-over-year as a growing economy prompted consumers to continue to spend, the National Retail Federation said Thursday. The numbers exclude automobiles, gasoline stations and restaurants.
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