Neiman Marcus Appoints New Bergdorf Goodman President
Neiman Marcus Group announced the appointment of Darcy Penick as the president of Bergdorf Goodman. Penick will begin her new position on September 4, 2018 and will report directly to Geoffroy van Raemdonck, chief executive officer, Neiman Marcus Group.
Goldman Sachs Initiates Apparel Coverage With Attractive View
In initiating coverage on the Apparel & Accessories sector, Goldman Sachs said many companies in the space are expected to benefit from ongoing lifestyle shifts towards active and casualwear, the ability to react to faster fashion cycles and digital’s ability to drive direct communications with consumers and commerce. Among active lifestyle stocks, VF was initiated at a “Buy” while “Neutral” ratings were given to Nike, Under Armour, Lululemon and Canada Goose.
Nike To Help Refurbish Portland’s Basketball Courts
Nike and the Portland Trail Blazers announced they are partnering to refresh and upgrade the majority of the basketball courts across 30 Portland Parks & Recreation parks.
NRF Calls Supreme Court American Express Ruling Missed Opportunity
The National Retail Federation said the U.S. Supreme Court’s decision in favor of American Express rules that prevent retailers from encouraging the use of other credit cards with lower processing fees will perpetuate a system that costs merchants and consumers billions of dollars a year.
Fila Signs Björn Borg’s 15-Year-Old Son
Fila announced that the company has signed a sponsorship agreement with Leo Borg, son of tennis legend and Fila brand ambassador, Bjӧrn Borg. Earlier this year, Fila reignited the company’s partnership with Bjӧrn Borg, a relationship that dates back to 1975.
Retail Report Roundup – June 25
Studies arrived last week on the benefits to local retailers from community engagement, quality beating price as a purchase driver, apparel’s continuing appeal in malls, the benefits of perks over raises for workers, the stress of online shopping, and Fourth of July sales.
OIA Praises Supreme Court’s Ruling On Online Taxes
In a statement, the Outdoor Industry Association (OIA) said the Supreme Court’s ruling that states may collect sales tax on remote internet sales “helps level the playing field for specialty outdoor retailers.”
Nike Opens ‘Just Do It’ Pop Up In Los Angeles
Nike opened a “Just Do It” training center in Los Angeles. In short, the space brings all aspects of the Nike Training Club (NTC) app to life, including the five facets of training (movement, recovery, nutrition, mindfulness and sleep).
Puma Inks Sponsorship Deal With The Basketball Tournament
Puma and The Basketball Tournament (TBT), the $2 million, winner-take-all summer basketball event broadcast live on ESPN, announced a new multi-year partnership making Puma the exclusive footwear and apparel partner of TBT.
Mo Bamba Partners With Bombas On Charity Initiative
Mo Bamba, drafted sixth in the NBA Draft by the Orlando Magic, is teaming up with give-back sock brand Bombas.
Academy Sports Opens First Store In Winston-Salem
Academy Sports + Outdoors now has 12 stores throughout North Carolina.
REI Invests Over $600,000 In Rewilding Five U.S. Cities This Year
Five U.S. cities will see five urban and suburban areas transformed into areas for outdoor recreation, thanks in part to more than half a million dollars in grant funding from REI this year.
SGB Executive Q&A: Fleet Feet CEO Joey Pointer
Fleet Feet Inc. CEO Joey Pointer sat down with SGB at the company’s National Franchise Conference in Minneapolis this week to discuss the company’s past, present and future, as well as the state of the running retail industry.
Retailers Cheer Supreme Court Ruling On Online Taxes
Specialty retailers in the active space – decimated over the years by consumers showrooming stores and then fetching lower prices online – stand to significantly benefit from the U.S. Supreme Court’s ruling that requires online retailers to collect sales taxes. Amy Roberts, executive director of Outdoor Industry Association (OIA), said, “The Supreme Court’s ruling is a huge win for the future of specialty outdoor retailers and will help ensure that all retailers compete on a level playing field.”
Aisle Talk Week Of June 18
Top headlines from the active lifestyle industry you may have missed this week, including Puma signing endorsement deals with the NBA’s No. 1 draft pick Deandre Ayton and Hall of Fame legend Walt “Clyde” Frazier.
