The TJX Cos. Inc.—parent of Sierra Trading Post, T.J. Maxx, Marshall’s, HomeGoods and others—believes the company’s myriad of brands can reach the next generation of shoppers by strategically combining digital and traditional offerings.
Category: Apparel
George Feldenkreis Sends Letter To Perry Ellis Board
George Feldenkreis, the founder of Perry Ellis who has made an offer to acquire the company, has sent a letter to the special committee of the board of directors of Perry Ellis, urging the board to immediately commit to an expedited timeline to conclude negotiations and enter into a definitive agreement in respect of his buyout proposal.
LL.Bean Chairman Urges UNH Grads To Lead ‘Adventure-Filled” Lives
In his commencement address for the University of New Hampshire’s 2018 graduating class, Shawn Gorman, L.L.Bean’s chairman, called the outdoors “a critical antidote to this hyper-competitive, hyper-stressed, tech-driven world we live in.” While technology powers the world in wonderful ways, “it will never fill your soul like a sunrise in the mountains,” he said.
Fanatics Takes Over Fan Apparel In NFL Deal
The NFL said splitting responsibilities between Nike (outfitting the players and coaches) and Fanatics (outfitting the fans) demonstrates the league’s focus on consistently looking for new ways to improve the experience for fans, players and retailers.
Macy’s Appoints CFO
Macy’s Inc. announced that Paula A. Price will be appointed chief financial officer, effective July 9, 2018.
2018 Handbag Luncheon Honors Puma for Selena Gomez Lupus Campaign
The 9th annual Lupus Research Alliance Lupus Handbag Luncheon & Silent Auction honored two supporters to the lupus cause: Puma and IBM Associate Partner Veronica Vargas Lupo.
Under Armour To Sponsor Southern University
The Southern University Athletics Department announced that it has entered into a 5-year partnership with Under Armour through BSN Sports.
Nike Signs Sevilla
Nike signed Sevilla to a new three-year kit supply deal. New Balance’s deal with the La Liga club expired at the end of the 2017-18 season.
’47 Co-Founder Arthur D’Angelo To Be Inducted Into Red Sox Hall Of Fame
’47, the fan apparel brand, announced that company co-founder Arthur D’Angelo will be inducted into the Red Sox Hall of Fame at the 2018 Red Sox Hall of Fame & The Fenway Honors Gala.
Ellison Leaves J.C. Penney At Precarious Time
Shares dropped sharply at J.C. Penney Co. Tuesday with the announcement that Chairman and CEO Marvin Ellison would be leaving the retail giant to take over as the CEO of Lowe’s, effective July 2.
Kohl’s Delivers Blow-Out Q1 On Active Strength
Led by 10 percent comp growth in its active assortments, Kohl’s Inc. reported first-quarter earnings that easily topped Wall Street’s targets and lifted its guidance for the year. Nike, Under Armour and Adidas led the active gains and the department-store operator is planning a 30-store test that will see square footage dedicated to active expand by 40 percent.
Retail Industry Futurist Among Keynotes At IBD Summit At Interbike
Doug Stephens, considered one of the world’s foremost retail industry futurists, and David Mead, a lead presenter with Simon Sinek’s Start With Why organization, will be joining John Venhuizen, the CEO of Ace Hardware Corporation, as part of the IBD Summit series each morning of the expo.
Smartwool Appoints Florida Representation
Outdoor Sports Marketing (OSM) will begin representing Smartwool in all Florida markets effective immediately. The addition of Florida comes after a decade of successful, partnership-based sales and service by OSM in the Southeast Territory (MS, AL, GA, SC, NC, TN, VA).
BIG3 And Adidas Announce Three-On-Three Youth Initiative, Young3
As part of their multi-year partnership and previously announced commitment to player development and community engagement, BIG3 and Adidas have announced the launch of Young3, a 3-on-3 youth basketball initiative.
J.C. Penney CEO Ellison Departs For Lowe’s
J.C. Penney Company Inc. announced that Chairman and CEO Marvin R. Ellison has notified the company of his decision to resign from his role to pursue another opportunity with Lowe’s Companies Inc.
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