Oros Labs Secures $22M in Series B Funding
The thermal solutions company serves an array of dual-use applications. The funding round was led by Airbus Ventures.
Skechers signs Albert Pujols as Brand Ambassador
Skechers signed former Cardinals and Angels MLB player Albert Pujols as its latest brand ambassador. The two-time world champion and future Hall of Famer, will star in a Spanish-language campaign designed to educate fans about Skechers Hands Free Slip-ins.
Puma to Open Puma Studio in Los Angeles in Early 2025
Puma Studio, when complete, will be a creative space that brings the brand’s design and marketing teams closer to the most influential communities and celebrities to inspire products and campaigns for the strategically important U.S. market.
March Manufacturing PMI at 50.3 Percent; Textile Mills Lead Sector with Growth
A Manufacturing PMI above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.
Authentic Brands Group Appoints Head of Australia and New Zealand
The company appointed Lim Mi-Kyoung as SVP, head of Australia and New Zealand, reportedly overseeing its regional expansion, focused on brand development and driving long-term growth.
EXEC: JD Sports Ends FY on January Down Note; Sees Upside Ahead from Summer of Sport
For the full year, like-for-like comp sales were up 4.2 percent, with all regions ahead of the previous year with organic sales growth of 8.4 percent.
EXEC: JD Sports Inks Partner for South Africa Expansion
The company signed a franchise agreement with Foschini Retail Group (Pty) Ltd, a subsidiary of South African retailer The Foschini Group Limited (TFG) to launch the JD brand in South Africa.
EXEC: Researching Exposures & Effects from PFAS and Consumer Textiles on Human Health
The study provides insights into the measurement of PFAS in various consumer textiles and how they enter the body; however, the pattern of PFAS detection in the evaluated textiles does not fully align with reported human serum levels.
Astral Taps Bluewater Trading to Rep the Midwest Region
Bluewater Trading covers Minnesota, Iowa, Wisconsin, Illinois, Missouri, Kansas, Nebraska, the Dakotas, and the Upper Peninsula of Michigan.
Report: 2023 Resale Grew 15X Faster than Retail
A new study found that 60 percent of consumers shop for secondhand apparel, giving them more for their money, while 55 percent said they would spend more on secondhand clothing if the economy does not improve.
Lands’ End Posts Wider Net Loss in Fiscal 2023 on Impairment Charges, Lower Sales
Fiscal fourth quarter revenues declined 2.8 percent to $514.9 million for the three-month period ended February 2. Global e-commerce net revenue was $1.0 billion, a decrease of 7.1 percent, due in part to Lands’ End Japan closure. U.S. e-commerce net revenue decreased 2.7 percent.
EXEC: Amer Sports Majority Owner Posts Strong Year of Growing Retail Sales in China
Anta Sports, which runs retail stores in China for the Anta brand, Fila, Descente, Kolon Sport, and was the 53 percent majority owner of Amer Sports at year-end, reported that revenue reached another high in 2023. Anta’s stake in Amer Sports was diluted to 43 percent after the Amer IPO in February.
Pure Hockey to Open Store in Laguna Hills, CA
This will be the retailer’s fourth store in California, which also has locations in Anaheim, San Jose and San Marcos.
Vista Outdoor Confirms Receipt of Revised Indication of Interest from MNC Capital
Vista Outdoor’s Board still needs to determine the revised MNC Indication within the framework contemplated by the existing merger agreement with Czechoslovak Group a.s.
Keen Celebrates 10 Years of Uneek Open-Air Sneaker
To round out the celebration, Keen will introduce three new variations of the Uneek open-air sneaker, available in men’s and women’s styles.
