SGB Update Apparel
Fanatics to Enter Sports Collectibles Events Business
Fanatics has partnered with IMG, the sports, events and talent management company, to launch Fanatics Events, a platform that will recreate the Comic-Con experience for sports collectibles.
Amazon Sees ‘Biggest Ever’ Prime Day
U.S. online sales rose 6.1 percent to $12.7 billion during Amazon’s Prime Day two-day sales from July 11- 12, according to Adobe Analytics, which measures transactions at U.S. retail sites. Amazon called the first 24 hours of Prime Day the “single largest sales day in company history,” but did not disclose total sales.
Deloitte: BTS Spending Expected to Decline as Inflation Takes its Toll
Deloitte’s 2023 back-to-school survey found that spending for K-12 students is expected to decrease 10 percent to $597 per student. Deloitte also found that after 18 months of inflation, higher prices weigh on K-12 families preparing for the upcoming school year.
Target Names New Chief Marketing Officer
Target promoted Lisa Roath to chief marketing officer, overseeing core marketing functions, including creative, guest marketing strategy, retail brand experience, social media, paid media and marketing strategies, and operations.
Zumiez, Inc. Appoints Foot Locker, Inc. Vet to Board
Zumiez, Inc. appointed Guy M. Harkless to its Board of Directors to serve as an independent Class II director for a term expiring at the company’s 2025 annual meeting of shareholders. Harkless will also serve on Zumiez Audit Committee.
Western Glove Works Hires Denim Vet to Lead Silver Jeans, Jag Jeans
Canada-based Western Glove Works, the parent company to Silver Jeans Co. and Jag Jeans, hired Suzanne Silverstein as CEO of both companies, taking the reins from former CEO and Founder Michael Silver, who joined the newly formed advisory board of directors.
ORR Launches Hub for Growing Outdoor Workforce
The Outdoor Recreation Roundtable launched an Outdoor Workforce Hub on its website, developed with support from The VF Foundation, for employers, educators, those interested in joining the outdoor recreation industry, and those looking to expand their careers.
Rip Curl, Oboz Parent Reiterates NZ$1.1 Billion Sales Outlook for Fiscal Year
KMD Brands, the parent company of Rip Curl, Oboz and Kathmandu brands, reported it is on track to deliver a record A$1.1 billion in full-year sales, despite softening consumer sentiment in the fiscal fourth quarter.
TMC Ltd Names Director Business Development Europe
TMC, Ltd., owner of the Nuyarn and Herculan technologies and innovators in the performance yarn and fabric space, hired Timo Pape as director of business development in Europe.
Kyrie Irving Inks Five-Year Shoe Deal with Anta
Anta signed Dallas Mavericks star guard Kyrie Irving to a new shoe deal running five years. The agreement comes after Irving and Nike ended their partnership last December.
On Holding Secures CHF 700 Million Credit Facility
On Holding AG said in a regulatory filing that it had entered into a CHF 700 million multicurrency credit facility agreement led by UBS Switzerland AG.
Coats Sells Opti Zips EMEA Business Operations
Coats Group plc, the manufacturer of thread and structural components for apparel and footwear, entered into an agreement to sell its Opti Zips EMEA business to Aequita, a Gemany-based private equity firm.
Under Armour’s Principal Accounting Officer To Exit
Under Armour reported in a regulatory filing that Aditya Maheshwari, senior vice president and principal accounting officer, was leaving the company on August 25 to work for a public company. CFO David Bergman will be appointed on that date as the principal accounting officer for UA.
Grassroots Sees a Mostly Positive Outlook at Connect; Inventory Still a Worry
Grassroots Outdoor Alliance (GOA) reported that specialty retail has had a strong year-to-date for 2023 as more than half of Grassroots retailers met or exceeded 2022 growth.
Balega Founders Launch New Specialty Running Sock Brand
Tanya and Bert Pictor, the founders of Balega Socks, and Luke Rowe, a running industry veteran, have launched a new running sock brand, Jogology, to be sold exclusively at run specialty stores beginning in September.
