Izod Sold To Authentic Brands Group

Authentic Brands Group (ABG) has reached an agreement to acquire PVH Corp.’s Heritage Brands business, which includes the Izod, Van Heusen, Arrow and Geoffrey Beene brand trademarks. The cash purchase price for the transaction is approximately $220 million.

NTWRK Appoints First CMO

NTWRK, the livestream shopping platform, announced the appointment of Jason Brown as its first chief marketing officer. Brown joins NTWRK from Foot Locker, where he was VP marketing, North America.

Supreme Court Rules NCAA Can’t Limit Benefits To Student Athletes

The Supreme Court ruled unanimously on Monday that the NCAA cannot limit education-related benefits, like computers, musical instruments and paid internships, that colleges could offer their star student-athletes. The ruling opens the door for future legal challenges in the NCAA’s decades-old fight over paying student-athletes.

Shoe Carnival Issues Robust Annual Guidance

Shoe Carnival Inc. issued its full-year guidance that calls for earnings to double year-ago levels and come in ahead of current Wall Street targets. The off-pricer’s Board of Directors also authorized a two-for-one stock split.

FTI Consulting Projects U.S. Online Retail Sales To Reach $865 Billion in 2021

With an improving economic outlook and accelerating growth of online shopping since the start of the COVID-19 pandemic, the Retail & Consumer Products practice at FTI Consulting, Inc. projects U.S. online retail sales will reach $865 billion in 2021, with nearly two-thirds of Amazon Prime Day shoppers surveyed saying they intend to spend more during this year’s event than they did in 2020.

Adidas Partners With Delta Galil

Adidas announced a global licensing agreement that will see Delta Galil design, manufacture and distribute men’s and women’s underwear collections under Adidas’ Badge of Sport and Originals labels. Launching for Spring 2022, the collections will be available in the APAC, EMEA, Europe and Latin America regions, with the women’s collections also launching in North America.