Modell’s Opens 9th Brooklyn Store
Modell’s Sporting Goods opened the company’s 9th Brooklyn location on Kings Highway in Sheepshead Bay. This will bring Modell’s total store count to 157 locations.
Matthew Rubel Joins PJ Solomon
PJ Solomon, the investment banking advisory firm, announced the appointment of Matthew Rubel as a senior advisor to the firm. Rubin was the former CEO of Varsity Brands and Collective Brands.
Canadian Tire Prices Aggregate C$650 Million Notes Offering
Canadian Tire Corporation Ltd. announced the pricing of a private placement offering of C$650 million aggregate principal amount of unsecured medium term notes.
Nike Withdraws Iran World Cup Team’s Boots Due To Sanctions
Nike confirmed Monday the company had stopped supplying Iran’s football team with boots ahead of the World Cup due to sanctions.
Asics Publishes 2017 Sustainability Report, Sets 2030 Goals
Asics set ambitious new targets for 2030, including reducing the carbon footprint of the company’s own operations by 33 percent And cutting supply chain carbon emissions by 55 percent of 2015 levels.
Authentic Brands Group Acquires Nine West
Authentic Brands Group (ABG) acquired Nine West Holdings, the parent of Nine West, Anne Klein and Gloria Vanderbilt, in a bankruptcy auction.
Reebok Appoints Global Creative Director
Reebok hired Karen Reuther, who formerly worked for Nike and Cast Collective, as global creative director for the company.
Sequential Brands Names President Of Fashion Division
Sequential Brands Group Inc. announced Karen Castellano as president of Fashion. Castellano will oversee the company’s brands in the fashion division, which includes Jessica Simpson, Joe’s, William Rast and Ellen Tracy.
Moody’s Downgrades JC Penney’s Debt Ratings
Moody’s Investors Service downgraded JC Penney Company’s Corporate Family Rating to B2 from B1.
Smartwool Partners With GoPro Mountain Games
Smartwool has signed on as the official sock of the GoPro Mountain Games. The annual event is taking place from June 7 to 10, 2018, in Vail, CO.
Yue Yuen’s Revenues Climb In May
Yue Yuen reported consolidated operating revenue of $876.4 million in May versus $809.5 million a year ago, representing a gain of 8.3 percent.
Adidas Signs Alix Klineman
Adidas announced multi-year partnerships with 2017 AVP Beach Volleyball Rookie of the Year Alix Klineman. The 6’5” athlete from Manhattan Beach will become the face of Adidas Volleyball.
Eddie Bauer, PacSun Combined Under New Operating Company
Golden Gate Capital announced that the company has established a new operating company, PSEB Group. PSEB will be composed of two Golden Gate portfolio companies: Eddie Bauer and Pacific Sunwear of California. In connection with the establishment of PSEB, Golden Gate will invest additional equity in PSEB to support the company’s growth.
Zumiez Successfully Navigating ‘Channel-Less World’
Zumiez Inc. doesn’t view the world of apparel and footwear retail through the lens of the traditional channels but is instead focusing on how to best accommodate customers no matter when, where or how they shop, according to CEO Rick Brooks,
Aisle Talk Week of June 4
Top headlines from the active lifestyle industry you may have missed this week, including Winnebago acquiring boat manufacturer Chris-Craft.
