Deckers Brands Appoints CFO
Deckers Brands announced the appointment of Steve Fasching to chief financial officer effective July 16, 2018. Fasching previously served as the company’s senior vice president, corporate strategy, planning & investor relations. He succeeds Tom George, who will transition concurrent with Fasching’s appointment.
Ebay Announces First-Ever Community Sneaker Drop
Ebay kicked off the company’s first-ever community sneaker drop, inviting enthusiasts everywhere to list their most coveted pairs. As part of the drop, select styles at special pricing will be able to purchase direct from Adidas, Stadium Goods and Reebok, all with free shipping.
Converse Appoints New Media Buying Agency
Converse has tapped IPG Mediabrands-owned Initiative to handle the company’s global media planning and buying, according to Advertising Age.
Iconix’s CEO Resigns
Iconix Brand Group, Inc. announced that Peter Cuneo, executive chairman of the board of directors, will serve as interim CEO, effective immediately. John Haugh has resigned as chief executive officer, president and a member of the board to pursue other opportunities, also effective immediately.
Macy’s Appoints CTO
Macy’s Inc. announced that Naveen Krishna will be appointed chief technology officer. She was vice president of technology for The Home Depot.
Can Cherokee Stick Landing After ‘Disruptive’ 24 Months?
Cherokee Global Brands ended fiscal 2018 with a loss due to difficulties with the integration of the Hi-Tech brand into the company’s portfolio. And now the start to fiscal 2019 is being marred by the sale of Flip Flop Shops. Can the Tony Hawk brand and others save the company?
Aisle Talk Week of June 11
Top headlines from the active lifestyle industry you may have missed this week, including Eddie Bauer and PacSun combining under a new operating company.
Reports: Puma To Sign Marvin Bagley
Puma, marking the company’s return to performance basketball this year, has signed top NBA draft prospect Marvin Bagley III to a five-year endorsement deal.
Eric Sprunk Discusses Nike’s Sustainability Journey
Speaking recently at the Copenhagen Fashion Summit, Nike Inc.’s COO Eric Sprunk said Nike now knows “sustainability drives innovation and improves the performance of everything we make.” But he spent a large chunk of his keynote session discussing the brand’s shortfalls in the past and its long “journey” to embracing that mindset.
Cherokee Global Brands Updates Guidance After Q1 Loss, Sale Of Flip Flop Shops
Cherokee Global Brands reported a loss for the first quarter ended May 5 of $2.7 million, or 20 cents per share, missing analysts’ consensus estimates by 11 cents per share. The company’s revenue of $5.4 million beat estimates by $0.2 million.
Eddie Bauer Names Damien Huang President
Eddie Bauer announced that Damien Huang has been named president. Huang was most recently Eddie Bauer’s senior vice president of merchandising & design.
Former Billabong CEO To Head Gap Chain
Gap Inc. appointed Neil Fiske, the former chief executive officer at Billabong and Eddie Bauer, as president and chief executive officer of Gap brand.
May Retail Sales Up 5.6 Percent Over Last Year
May retail sales increased 0.7 percent seasonally adjusted over April and 5.6 percent unadjusted year-over-year as a growing economy prompted consumers to continue to spend, the National Retail Federation said Thursday. The numbers exclude automobiles, gasoline stations and restaurants.
Adidas, Nike Again Dominate World Cup
With FIFA World Cup 2018 starting in Russia, Adidas is sponsoring 12 of the 32 teams, a slight edge over Nike, at 10. Puma has four teams, New Balance has two and Umbro has one team, Peru.
Academy Sports Opens New Store In Columbus, GA
The store is approximately 63,000 square feet and brings approximately 100 new jobs to the community.
