Cowen downgraded its rating on Adidas to “Market Perform” from “Outperform” due to signs of lower digital traffic and lower Average Unit Retail Prices for the brand, as well as the risk of the end of its Kayne West partnership.
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A4 Apparel Acquires LabFit And Appoints Industry Veteran As President
A4, the Los Angeles-based team and corporate apparel manufacturer, has acquired LabFit Sublimation and hired industry veteran Todd Levine as president. Mark Mertens will remain as chairman and CEO.
Kohl’s Debt Ratings Downgraded
S&P Global Ratings downgraded the debt ratings of Kohl’s Corp. following the retailer’s update on its sales and earnings guidance for the full year. S&P said it expects Kohl’s medium to long-term business prospects will continue to be challenged by the secular headwinds facing department stores.
Red Bull Racing Partners With Castore
The Red Bull Formula One team entered into a multi-year partnership with the UK sportswear brand Castore. The agreement begins with the start of the 2023 season. Castore will supply the racing team with apparel, including sportswear.
Lands’ End Announces CEO Succession Plan
Lands’ End, Inc. announced that Andrew McLean, president, International, at American Eagle Outfitters, would join Lands’ End as CEO-designate and as a member of its Board on November 1, 2022.
GroupeSTAHL Hires New CFO
Michigan-based GroupeSTAHL hired Derek Nugent as chief financial officer.
Lids Opens Flagship In Las Vegas
Lids opened a flagship store on the Las Vegas Strip. The two-story building is the retailer’s largest concept store at 12,000 square feet.
Jack Wolfskin Introduces Zero Tape Technology In New Tapeless Jacket
Jack Wolfskin, the technical and sustainable outerwear manufacturer, is continuing its sustainable product line with the Tapeless Jacket, available in Fall 2022. The Tapeless Jacket eliminates 60 feet of seam-seeling tape and introduces a new seam construction. “Seam tape is the weakest component used in the production of waterproof outdoor apparel. The weight of the […]
Jack Wolfskin Introduces Zero Tape Technology In New Tapeless Jacket
Jack Wolfskin, the technical and sustainable outerwear manufacturer, is continuing its sustainable product line with the Tapeless Jacket, available in Fall 2022. The Tapeless Jacket eliminates 60 feet of seam-seeling tape and introduces a new seam construction. “Seam tape is the weakest component used in the production of waterproof outdoor apparel. The weight of the […]
EXEC: Clarus Doesn’t See “Super Fans” Trading Down
Speaking at the Raymond James Consumer Conference, John Walbrecht, president at Clarus Corp., said he doesn’t expect the company’s portfolio of premium brands, such as Black Diamond Equipment and Sierra Bullets, to be significantly impacted by inflationary pressures because of “super-fan” enthusiasts’ affinity to their sport and their favorite brands.
BikeExchange Announces Changes In Leadership
BikeExchange/Kitzuma Cycling Logistics has added and shuffled North American positions for BikeExchange, including promoting Cameron Simpson as head of North America.
Recall: Cervélo Bikes
Cervélo recalled about 2,043 model year 2022 R5 and Caledonia-5 bicycles and 182 ST31 LT replacement stems because the bike’s handlebars could slip in the stem and cause the rider to lose control.
Eddie Bauer Partners With Itochu For Japan Expansion
Authentic Brands Group entered into a new partnership with Itochu to grow the Eddie Bauer business in Japan.
5.11 Tactical Opens 100th Store
5.11 Tactical, a subsidiary of Compass Diversified, will open its 100th store in Oxnard, CA, on September 17, 2022.
Kanye West Seeks To End Relationship With Gap And Adidas
Kanye West said he formally notified Gap, Inc. that he is terminating his partnership with the apparel chain after two years. He accuses Gap of breaking their agreement by not releasing his apparel line or opening planned retail stores. West also reiterated to media outlets that he plans to end his Adidas contract.
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