Authentic Brands Group Appoints President For LATAM
Authentic Brands Group announced that Joseph N. Zarro had rejoined the company as President of Latin America.
Trade Associations Express Concerns Over Biden Administration’s China Trade Policy
Trade associations in the retail, footwear and apparel space expressed disappointment over United States Trade Representative Katherine Tai’s announcement on the Biden administration’s China trade policy that called for existing tariffs to remain in place while restoring the ability of U.S. importers to seek exemptions from those levies.
Piper Sandler Fall Teen Survey Finds Acceleration In Teen Spending
Piper Sandler’s 42nd Semi-Annual Generation Z Survey finds mid-single growth year-over-year in apparel and footwear spend, led by females. In the active lifestyle space, Nike remains the leading apparel brand for teens while Lululemon gained 200 basis points year over year; Nike is the No. 1 footwear brand—up 500 basis points year over year.
OBIT: Bernard Tapie
Bernard Tapie, the former majority owner of Adidas, has passed away at the age of 78 after a years-long battle with cancer.
Nike Debuts LeBron James Innovation Center
Nike Inc. debuted its 750,000-square-foot LeBron James Innovation Center, home for Nike’s innovation teams on its Beaverton, OR campus and five times the size of its previous Nike Sport Research Lab.
Smartwool Opens Second Location In Canada
Smartwool announced the opening of the brand’s second retail location in Canada. The store is located in Whistler Village in Whistler, BC.
University Of Minnesota Duluth Extends Partnership With Under Armour
The University of Minnesota Duluth (UMD) announced that its partnership with Under Armour and Universal Athletic has been extended through 2028.
McCann Worldgroup Names Nike’s Alex Lopez As President And Global Chief Creative Officer
McCann Worldgroup appointed Nike’s marketing veteran Alex Lopez as president and global chief creative officer. Lopez spent 23 years at Nike, most recently as global vice president of brand marketing and global men’s creative director.
Nike Founder Phil Knight And Former Nike Executives Launch NIL Firm Supporting Student-Athletes
Several University of Oregon alumni and donors, including Nike Co-founder Phil Knight, Pat Kilkenny, Ed Maletis, Jim Morse, and the Papé Family, announced the formation of Division Street, Inc., a sports venture that will assist Oregon student-athletes in monetizing their NIL. The venture includes former Nike executives.
Everlane Appoints CEO
Everlane appointed Andrea O’Donnell, former president of Ugg, as CEO. Michael Preysman, Everlane’s founder and former CEO, will become executive chair while taking on a sustainability-focused role.
Ross Stores Appoints CFO
Ross Stores, Inc. announced that Adam Orvos, currently group senior vice president, supply chain administration, is being promoted to executive vice president and chief financial officer, effective October 1, 2021.
Davison’s Shoes And Verco Sporting Goods To Shutter
Davison’s Shoes/Verco Sporting Goods in Nevada, MO will be closing its doors after 64 years in business as founders, Marvin and Betty Davison, plan to retire.
New Balance Partners With British Universities and Colleges Sport (BUCS)
New Balance has formed a five-year sponsorship contract with British Universities and Colleges Sport (BUCS), the governing body for higher education sport in the United Kingdom.
REI Appoints Chief Diversity And Social Impact Officer
REI Co-op announced that Wilma Wallace has been promoted to chief diversity and social impact officer, effective immediately. Wallace has served as the retailer’s general counsel and corporate secretary since 2017.
Authentic Brands Group Appoints Footwear Unlimited As New Frye Footwear Partner
Authentic Brands Group announced the transition of its footwear license for Frye to Footwear Unlimited.
