Aided by new digital frontiers, advances in sustainability and hopefully a return to more socializing, McKinsey’s The State of Fashion 2022 conducted in collaboration with the Business of Fashion (BoF) found the fashion industry positioned to rebound in 2022. Executives in its study predicted that supply chain pressures, the rise of domestic luxury spending amid muted international travel and the continuing evolution of digital channels would have the greatest impact on their businesses in 2022.
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Lids Expands Global Footprint With First Stores In Europe
Lids has expanded its international retail presence opening its first brick & mortar retail storefronts. For its European debut, Lids will open four locations in the London metro area.
PGA Golf Exhibitions Appoints Events Manager
PGA Golf Exhibitions announced that Lisa Langas has joined the PGA Show management team at Reed Exhibitions as the Event Manager.
Inside The Call: Zumiez Delivers Record Q3 Profits
Zumiez Inc. managed to increase earnings in the third quarter despite challenging year-ago comparisons as strength in men’s and footwear drove sales gains and product margins improved slightly. Rick Brooks, CEO, on Zumiez analyst call, “Our third quarter was a historic one.”
Pearl Izumi Launches Limited-Edition Grateful Dead Collection
Pearl Izumi has launched its first limited-edition Grateful Dead collection, which includes jerseys, baselayers, bibs, and accessories. To create the collection, the company’s “resident Dead Head,” Taylor Eckelberger, blended the band’s “Steal Your Face” logo with a tie-dye-meets-dancing-skeletons theme. “The Grateful Dead’s impact on American music and culture really can’t be overstated,” said Pearl Izumi’s Director […]
Pearl Izumi Launches Limited-Edition Grateful Dead Collection
Pearl Izumi has launched its first limited-edition Grateful Dead collection, which includes jerseys, baselayers, bibs, and accessories. To create the collection, the company’s “resident Dead Head,” Taylor Eckelberger, blended the band’s “Steal Your Face” logo with a tie-dye-meets-dancing-skeletons theme. “The Grateful Dead’s impact on American music and culture really can’t be overstated,” said Pearl Izumi’s Director […]
Bass Pro And Sportsman’s Warehouse Call Off Merger
Great Outdoors Group, owner of the Bass Pro, Cabels’a and White River Marine Group, and Sportsman’s Warehouse Holdings Inc. have called off their merger deal, according to a regulatory filing on Thursday.
Jordan Brand Chief Marketing Officer Exits
Sean Tresvant, most recently chief marketing officer for Nike’s Jordan Brand, has been named Global Chief Brand Officer for Taco Bell, effective January 10, 2022.
REI Announces New Chief Commercial Officer; Senior Promotions
REI Co-op announced it has hired its first chief commercial officer and is promoting two executives to new leadership positions.
USA Cycling Announces New Slate Of Athlete Representatives To Its Board
USA Cycling announced the election of four new Athlete Representative members to its Board of Directors effective December 1, 2021.
PVH Corp. Sees Q3 Revenue Gain
PVH Corp. reported third-quarter revenue increased 10 percent to $2.33 billion compared to the prior-year period, despite worsening logistics disruptions in October, including significant U.S. port delays. Sales grew 12 percent for the Tommy Hilfiger brand and 22 percent for Calvin Klein.
Clarus Acquires Maxtrax
Clarus Corporation announced it has acquired Australian-based Maxtrax, a maker of overlanding and off-road vehicle recovery and extraction tracks, for a combination of cash, stock and future consideration.
Sparc To Run U.S. Reebok Operations For Authentic Brands Group
Authentic Brands Group (ABG) signed a long-term strategic partnership with Sparc Group to become the core licensee and operating partner for Reebok in the U.S. Sparc, a joint venture between ABG and Simon Property Group, operates Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand and Nautica, among other brands.
SIA Data Shows Increase In Winter Outdoor Spending And Job Creation
Data released by Snowsports Industries America (SIA) shows that winter outdoor consumers are responsible for over $79 billion in spending and support 799,000 jobs.
NRF: Nearly 180 Million Shop Over Thanksgiving Holiday Weekend
According to the annual survey released by the National Retail Federation and Prosper Insights & Analytics, nearly 180 million Americans shopped during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday. The number of shoppers compares with 186.4 million shoppers in 2020 but exceeded the NRF’s initial expectations by over 21 million and is in line with the average of the last four years.
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