Cherokee Inc. said it entered into license agreements for its Hi-Tec and 50 Peaks brands in several key growth categories.
Category: Apparel
Waypoint Outdoor Names Amy Beck Brand Manager
Over the last six years, Beck has been in GTM leadership as the VP of sales and marketing for SmartWool and most recently the VP of Wholesale for Lucy Activewear.
Lids Ending Chicago Cubs Deal
Lids Sports Group is not renewing its license agreement with the Chicago Cubs to operate Cubs Clubhouse stores.
Lululemon Sues Under Armour Over Sports Bra Design
Lululemon has sued Under Armour for allegedly copycatting patented designs belonging to Lululemon without its permission.
Foot Locker Loses Appeal In Pension Dispute
Foot Locker Inc. has to pay higher pension benefits to correct payouts related to the conversion of the company’s pension plan in 1996 to a defined benefit plan with a cash balance formula. A federal appeals court ruled that the retirement plan change that amounted to an impermissible and undisclosed benefit freeze, according to Bloomberg. […]
Headsweats Names Julie Oldfield Director Of Sales And Marketing
Headsweats promoted Julie Oldfield to the newly created position of director of sales and marketing.
2XU Opens New North American Headquarters In Santa Monica
2XU, the compression apparel company, announced the establishment of its North American headquarters in Santa Monica.
ScentLok Technologies Purchases Robinson Outdoor Products
ScentLok Technologies, a leading manufacturer of scent-controlling products, announced its acquisition of Robinson Outdoor Products.
Industry Excited About Outdoor Retailer’s Move To Denver
While many thanked Salt Lake City for hosting the show for the past 22 years and commiserated with their loss, most of the Outdoor Retailer show veterans reached out to by SGB Exec were thrilled with the decision to move the event to Denver for the next five years.
Aisle Talk, Week Of July 3
Top headlines from the active lifestyle industry you may have missed this week.
Cherokee Shares Tumble On Q1 Loss, Covenant Violation
Shares of Cherokee Global Brands were trading down $2.85, or 37 percent, to $4.90 in mid-day trading Friday after the company reported a surprise first-quarter loss and said it was seeking amendments to comply with certain covenants in its credit facility.
REI Asking Customers To Challenge Trump Administration On Public Lands
Customers were told they were the “public” in “public lands” and should “tell Secretary Ryan Zinke why our public lands need to remain protected now and for future generations.”
Velocio Apparel Secures Investment, Hires Laura Spencer
Velocio Apparel, a New England-based cycling brand specializing in performance apparel, has closed a Series A investment round led by Steve Fuller, former L.L.Bean chief marketing officer.
Cherokee Global Brands Posts Q1 Loss
Cherokee Global Brands, the parent of Hi-Tec, Tony Hawk Signature Apparel and Flip Flop Shops, reported a loss in its first quarter ended April 29, impacted by the decision by Target, the discount chain, to stop selling the Cherokee brand. The company also said it was seeking an amendment related to a non-compliance with covenants under its credit facility.
Downlite Launches Progressive New Composting Initiative
The manufacturer of down and feather recently engaged an outside organic recycling company to utilize the large waste feathers that traditionally end up in landfill, and instead, treat them for soil compost.
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