Lululemon Athletica has acquired a minority stake in 7mesh Industries, a cycling apparel startup based in nearby Squamish, British Columbia, according to Fortune.
Category: Apparel
Buckle Stores Faces Credit Card Breach
The Buckle confirmed a data breach. The retailer discovered intruders had planted malware on their cash register systems to steal credit card data from customers between October 28, 2016 and April 14, 2017.
Will Amazon’s Acquisition Of Whole Foods Transform Retailing?
Amazon shocked the retail world Friday morning by announcing that it had reached a deal to acquire Whole Foods Markets. While the move is largely seen as a way for the online giant to quickly way to gain a foothold in the grocery category, can the active lifestyle space be far behind?
Aisle Talk, Week Of June 12
Top headlines from the active lifestyle industry you may have missed this week.
Vuori Blends Yoga, Art And Surf
Vuori is a Finnish word meaning mountain – a brand name Chris Miller and Joe Kudla found appropriate for the feeling when one reaches the top of a mountain.
Zalando Aims To Double Revenue By 2020
Zalando is seeking to double its revenues by 2020, Rubin Ritter, its co-chief executive, said at a media event. The executive made the prediction while announcing that Europe’s biggest pure online fashion retailer had formed partnerships with Nike and H&M and the Bestseller group.
Adidas Signs Boston Red Sox’s Xander Bogaerts
Adidas announced a multiyear partnership with shortstop Xander Bogaerts of the Boston Red Sox.
USPA Global Licensing Appoints COO
J. Michael Prince comes to USPA Global Licensing after serving as president and COO of global fashion brand Cole Haan.
NormaTec Partners With USTA
The United States Tennis Association Player Development program has partnered with NormaTec to bring NormaTec’s recovery capabilities to the organization’s USTA National Campus at Lake Nona in Orlando, FL.
New Era Signs Dak Prescott
The reigning AP NFL Offensive Rookie of the Year joins a cast of athletes including: Le’Veon Bell (Pittsburgh Steelers), Khalil Mack (Oakland Raiders), Greg Olsen (Carolina Panthers) and Sterling Shepard (New York Giants).
Lululemon Sees Online Growth Accelerating In Second Half
Speaking at the William Blair 2017 Growth Stock Conference in San Francisco, Stuart Haselden, Lululemon’s COO and CFO, said that due to quick payback from extensive investments, growth in its online business is expected to bounce back in the second quarter “and accelerate in the second half.”
Nike To Axe 2 Percent Of Its Workforce In Restructuring
The restructuring will impact about 1,400 jobs globally and also includes a heightened focus on 12 key cities, the reduction of its geography structure to four regions from six and the creation of a Nike Direct organization to address the digital opportunity.
Jordan Brand Releases Fall 2017 Collection
Rooted in the brand’s heritage, the new line is a nod to 1985 and Michael’s iconic Flight Suit.
Nike Announces New Consumer Direct Offense
Nike is reducing its geography structure from six to four regions, appointing Michael Spillane to the new role of president of categories and product and creating a new new Nike Direct organization to improve speed to market and better engage consumers. The changes will result an overall reduction of approximately 2 percent of the company’s global workforce.
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