Nike on Friday said Jayme Martin, vice president and general manager of global categories for Nike, has been ousted from the company. His departure comes one day after Nike President Trevor Edwards resigned amid complaints about poor workplace conduct.
Category: Apparel
Citi Trends Promotes Bruce Smith To CEO
Citi Trends Inc. announced that Bruce Smith, acting chief executive officer, has been promoted to serve as the permanent chief executive officer.
Newell Brands Announces Agreement With Carl Icahn
Newell Brands announced that it entered into a cooperation agreement with Carl C. Icahn, chairman of Icahn Enterprises LP (IEP), who beneficially owns approximately 6.9 percent of the company’s outstanding shares.
New Balance Awarded $17M contract For Military Footwear
New Balance was awarded a $17.3 million contract from the Department of Defense (DOD) to provide American-made New Balance athletic shoes to initial entry service members upon arrival at basic training.
Authentic Brands Group To Acquire Nautica
VF Corp. announced that it has entered into a definitive agreement to sell the Nautica brand business to Authentic Brands Group (ABG) LLC.
L.L. Bean Cuts Jobs Bonuses After Reporting Flat Sales In 2017
L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring. The retailer also reported annual revenue reached $1.6 billion in its fiscal year ended Feb. 25, which was nearly flat with year-ago levels.
Hibbett Looks To Build On Q4 Momentum In 2018
Hibbett Sports’ earnings fell, as expected, in the fourth quarter due to the promotional marketplace. But results were better-than-expected coming into the quarter due to an acceleration in its e-commerce business and strength in sportswear and overall footwear offerings.
L.L. Bean Forgoes Bonuses After Challenging Year
With sales coming in slightly down in 2017, L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring.
Golf and Nike Swim Drive Perry Elllis’ Q4 Growth
Perry Ellis International reported sales its Golf segment grew 20 percent in the fourth quarter ended February 3 while Nike Swim saw healthy gains.
Columbia Sportswear And Major League Soccer Announce New Relationship
Columbia Sportswear and Major League Soccer announced a new collaboration featuring co-branded outerwear and apparel for men, women and children.
Arnold Palmer Group Partners With Fanatics To EnhanceMerchandise Experience At Arnold Palmer Invitational
The Arnold Palmer Group announced it has entered into an agreement with Fanatics to manage the on-site and online merchandising operations for the Arnold Palmer Invitational.
Zumiez Misses Q4 Guidance On European Write-Offs
Zumiez Inc. reported fourth-quarter earnings rose 18.2 percent but came in below guidance due to write-offs for its European operations.
Aisle Talk, Week of March 12
Top headlines from the active lifestyle industry you may have missed this week.
Nike’s Trevor Edwards Resigns Amid Workplace Complaints
Nike President Trevor Edwards has resigned from his position following an internal probe of inappropriate workplace behavior. Mark Parker announced that he plans to stay on as chairman, president and CEO beyond 2020.
Perry Ellis Sees Double-Digit Growth In Q4
Perry Ellis International Inc. reported adjusted pre-tax income rose 37 percent in the fourth quarter as sales grew 11.3 percent.
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