SGB Update Apparel
Amazon Plans to Hire 250,000 Holiday Workers, Same As Last Year
Amazon aims to add 250,000 U.S. seasonal employees during the 2024 holiday season, matching its target number from 2023.
Fear Of God CEO to Lead Everlane
Alfred Chang, the CEO of luxury streetwear brand Fear of God, was appointed CEO of Everlane. The company was founded in 2010 by Michael Preysman and Jesse Farmer with the mission of selling clothing with transparent pricing.
GSM Outdoors Acquires Roboworm
Roboworm has produced hundreds of millions of bass worms. “When you think of impactful soft plastic brands in the bass fishing space, you can’t have the conversation without talking about Roboworm.” —Crispin Powley, SVP of fishing, GSM
PrimaLoft Beefs Up Product Team
PrimaLoft, Inc. appointed Chris Gallo as senior vice president of product strategy and Andrea Paulson as senior vice president of innovation and technology. Gallo was most recently at Nobull while Paulson was at Saucony.
Supreme Acquisition by Oakley Parent Closes
EssilorLuxottica closed the previously announced transaction to acquire the Supreme brand from VF Corp for an aggregate base purchase price of $1.5 billion in cash.
Foot Locker Partners to Expand into India
Foot Locker launched operations in India for the first time through licensing arrangements with Metro Brands Ltd operating Foot Locker physical stores and Nykaa Fashion operating the e-commerce business.
EVent Fabrics Announces New Hires
EVent Fabrics announced the hiring of Bartosz Lassak as senior sales manager for the Eastern U.S. region, Xie Yi as textile engineer and Terry Kim as senior consultant in Korea.
Nike Crushes Q1 EPS Targets, Warns of Guidance Adjustment
Nike Inc. reported earnings for its first quarter handily topped Wall Street targets, but said it was postponing its upcoming Investor Day and indicated it “would address its approach to guidance” on its quarterly analyst call in light of the appointment of Nike veteran Elliott Hill as CEO. Sales in the quarter were down 10 percent with declines of 13 percent in direct and 8 percent in wholesale channels.
Nordstrom Rack to Open New Store in Massachusetts
The 25,000-square-foot Nordstrom Rack will open in the fall of 2025 in the The Landing at Hyannis. Nordstrom operates seven Nordstrom Rack stores in Massachusetts, generating over 900 jobs statewide.
Authentic Names Brand Partners Supporting Champion Brand
Authentic Brand Group announced that GearCo, BBC and AMG Companies will serve as its primary vendor partners supporting its just-closed acquisition the Champion brand.
Sports Licensing Company, Homage Apparel, Taps Into Celebrity Investors
The round kicked off with an initial investment from Ryan Reynolds’ venture firm, Maximum Effort, that was recently complemented by investments from Winnie Capital, led by former NFL star Jason Kelce, and 35Ventures, led by Kevin Durant and Rich Kleiman.
Dockworkers Now on Strike at East and Gulf Coast Ports
The strike spans from Maine to Texas and blocks everything from food to auto shipments across dozens of ports. Analysts have warned that this could cost the economy billions of dollars a day, threaten jobs and potentially stoke inflation.
Moncler to Open New York City Flagship
The location will represent the largest store for the Italian outerwear brand worldwide and follows the announcement that French luxury group LVMH Moet Hennessy Louis Vuitton would invest in Moncler in a deal that gives it a seat on the company’s board.
New Balance Opens New EMEA Headquarters
New Balance officially opened its new offices at A-Factorij in Amsterdam’s Schinkel District, near the Olympic Stadium, supporting the brand’s new EMEA headquarters,
Genesco Names Sandra Harris as New CFO
Sandra Harris was appointed senior vice president, finance and chief financial officer, effective October 7, 2024. She succeeds Thomas A. George, whose planned retirement will take effect on December 12, 2024, to ensure an orderly transition. She joins the company with a strong working background as CFO and in finance leadership roles, including at VF Corp.
