Li Ning’s CFO Retires
Li Ning Company, Ltd. announced that Terence Tsang, its chief financial officer, has retired due to retirement age.
Designer Brands To License Le Tigre Footwear
Designer Brands, Inc., the parent of DSW, announced an investment in and licensing agreement with Le Tigre, the American athletic apparel brand famous in the 1980s. Designer Brands will design and produce Le Tigre footwear to be sold primarily through DSW and The Shoe Company.
Puma Files Trademark Infringement Suit Against Brooks
Puma SE has sued Brooks Sports in Indianapolis federal court, charging that Brooks alleged advertising for sneakers with nitrogen-infused soles violates Puma’s “Nitro” trademark rights, according to Reuters.
Evo Announces New Campus Location In Tahoe
Evo unveiled plans to build a new campus location in Tahoe City, CA. The site is expected to open in 2023.
Coats Acquires Texon International For $237 Million
Coats Group plc has acquired Texon, the manufacturer of structural components and materials for the footwear, accessories and apparel industries.
JD Sports Appoints Chairman
JD Sports named Andrew Higginson, former Chair of supermarkets group Morrisons, as chairperson, replacing Peter Cowgill, ousted in May.
U.S. Ports Set Another Record
Imports set another record high this spring as the nation’s major container ports worked to reduce congestion and retailers stocked up before dockworkers’ West Coast labor contract expired, according to the monthly Global Port Tracker report released by the National Retail Federation.
Royal Robbins Expands Marketing Team In Colorado
Royal Robbins hires three marketing executives working from its U.S. headquarters in Louisville, CO—Gareth Martin, Stevie Gluck and Samantha Silverman,
Back-To-School Selling Expected To Reach New Record
According to retail forecasters Customer Growth Partners, back-to-school retail sales will grow 5.5 percent in 2022 to a record $812 billion, up from $769 billion in 2021.
Mastercard Sees June Sales Boosted By Inflation
According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. consumer retail spending, excluding automotive, increased 9.5 percent year-over-year (YOY) in June, while retail sales, excluding auto and gas, rose 6.1 percent YOY.
Authentic Brands Group Settles And Dismisses Lawsuit With Bolt
Bolt, a checkout technology company, announces that Authentic Brands Group has settled and agreed to dismiss its lawsuit against Bolt.
Superfeet Names New Chief Operating Officer
Superfeet appointed Dan Spitzer as chief operating officer to lead the insole brand’s domestic and international business.
On, Patagonia, Puma, And Salomon Partner With Carbios To Advance Circularity
On, Patagonia, Puma, and Salomon have signed an agreement with Carbios, a French end-of-life plastics recycling company, to develop solutions to enhance the recyclability and circularity of their products.
The Buckle’s Comps Dip In June
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 5-week period ended July 2, 2022 decreased 1.7 percent from comparable store net sales for the 5-week period ended July 3, 2021.
Deckers Brands Appoints President Of Fashion Lifestyle
Deckers Brands announced the appointment of Anne Spangenberg as president of Fashion Lifestyle, which includes Ugg and Koolaburra. Most recently, Spangenberg was global vice president of merchandising for Nike Inc.
