LF Corp. Appointed Strategic Partner For Reebok In South Korea
Authentic Brands Group (ABG) reached a long-term partnership agreement with LF Corp., giving the company the exclusive rights to distribute and sell Reebok apparel and footwear for men, women and kids through wholesale, e-commerce and Reebok-branded retail stores in South Korea.
Lids Expands Into Mexico
Lids is expanding internationally by opening its first independent stores in Mexico over the next several months.
Under Armour Appoints India Distributor
Under Armour has appointed Underdog Athletics as the exclusive distributor and licensee for the brand in India.
361 Degrees Sees High-Teens Retail Growth In First Quarter
China-based 361 Degrees posted high-teens year-on-year growth for its retail sales performance in the first quarter of the year, while the overall retail sales of its e-commerce products grew approximately 50 percent compared with 2021.
Li-Ning Sees Robust Retail Sell-Through In First Quarter
Li-Ning posted a nearly 30 percent year-on-year increase in retail sell-through in the first quarter of 2022.
Lululemon Announces Plan To Double Revenue By 2026 To $12.5 Billion
Building on the momentum of the last three years and having successfully delivered its overall revenue and earnings goals early, Lululemon Athletica, Inc. announced a new Power of Three ×2 growth strategy that includes a goal to double its 2021 revenue of $6.25 billion to $12.5 billion by 2026.
Nike Updates Hybrid-Work Plans
Nike announced a new remote work policy that will allow employees to work remotely up to four weeks per year.
A Shoc Energy Raises $29 Million In Funding
A Shoc Energy announced a $29 million Series B funding round led by investments from existing investors, strategic participants, athletes, and celebrities.
Xponential Fitness Launches On-Demand Platform
Xponential Fitness, Inc., digital platform, Xponential+ (“XPLUS”) has officially launched, offering live and on-demand access to its studio locations. Xponential’s brands include Club Pilates, Pure Barre, CycleBar, StretchLab, YogaSix, Row House, AKT, Stride, Rumble, and BFT.
Rally House To Open Stores In South Bend
After opening three stores in Indianapolis in 2021, Rally House plans to open Rally House Erskine Village and Rally House University Crossings in the South Bend market.
Nike Appoints Twitter Exec To VP Of Digital Design
Nike, Inc. has hired Dantley Davis, former chief designer officer at Twitter, as VP of digital design.
NRF Calls For Visa And Mastercard To Cancel Swipe Fee Increases
The National Retail Federation urged Visa and Mastercard to cancel credit card swipe fee increases scheduled to take effect this month, citing a letter from both Republican and Democratic members of Congress saying higher fees would add to inflation.
Champs Sports Opens Homefield Concept In Pembroke Pines
Champs Sports, part of Foot Locker, Inc., will open the brand’s retail concept store, Champs Sports Homefield, in Pembroke Pines, FL, on April 23. The largest of all Foot Locker, Inc. subsidiaries worldwide totals more than 35,000 square feet.
Gregory Appoints General Manager
Gregory promoted John Sears to general manager overseeing global brand strategy and growth.
Rally House To Open In Omaha And Columbus
Rally House announced plans to open new stores in Omaha, NE and Columbus, OH.
