SGB Update Apparel
Adidas Extends CFO Contract; Two Global Leaders Exit The Company
The Supervisory Board of Adidas AG has extended Harm Ohlmeyer’s appointment as chief financial officer for another three years until the beginning of 2028. Adidas also announced that Arthur Hoeld would replace Roland Auschel with responsibility for global sales and the departure of Brian Grevy, who was responsible for global brands.
PVH Appoints Chief Communications Officer
PVH Corp. hired Amber McCann as EVP and chief communications officer, effective April 6, 2023, to lead PVH’s global internal and external communications strategy, reporting to Stefan Larsson, CEO of PVH Corp.
Fanatics Expands Partnership With German Football Association
Fanatics and the German Football Association (DFB) announced a long-term extension to their existing retail partnership. Fanatics now has the rights to manufacture, distribute and, where desirable, license to third parties an expanded range of DFB-branded fan merchandise.
Adidas Warns Of Annual Loss And Cuts Dividend After Kanye West Split
Adidas said on Wednesday it would slash its dividend for 2023 and again warned it could suffer its first annual loss in 30 years as it deals with the fallout from its decision to split with rapper and fashion designer Kanye West. The company posted a major loss in the fourth quarter.
Nike Shifts Leadership In Women’s Business And APLA Region
Nike reported it is transitioning Amy Montagne, currently VP/GM, APLA, to lead its women’s business as VP/GM Women’s, replacing Whitney Malkiel, who is leaving the company. Cathy Sparks, currently VPof Nike Direct, EMEA, will transition to lead its APLA geography as VP/GM, APLA.
Life Is Good Partners WIth DXL On Big And Tall Tees
Life is Good extended its sizing through an exclusive partnership with DXL Big + Tall, which uses DXL’s expertise in fit, merchandise assortment and men’s big and tall apparel.
Nike Hires New DEI Chief
Nike hired James Loduca, formerly Twitter’s VP of DEI as its new DEI officer. As the Portland Business Journal reported, Loduca is the fifth person in the role since 2019. He replaces Jarvis Sam, who left after only six months in the job last November.
Roots Adds Creative Director In Residence
Roots Corp. hired Joey Gollish as creative director in residence, effective March 7 through 2025; this represents the first time in the company’s history that it added an outside creative to work for the brand.
Rally House Continues Expansion In Ohio With Graceland Store
Ralley House, the nationally known sports and merchandise retailer continued its expansion into Columbus, OH with the opening of its Graceland store, giving more customers access to local merchandise and sports apparel.
VF Corp. Closes Second €500 Million Green Bond
VF Corporation has closed on a €500 million green bond offering, representing its second green bond issued. The inaugural green bond was issued in 2020.
NPD And Information Resources, Inc. Rebrand As Circana
Following their merger in August 2022, Information Resources, Inc. (IRI) and The NPD Group (NPD) unveiled a new combined company name and brand identity: Circana.
HanesBrands Forms Exclusive Apparel Deal With UCLA
HanesBrands (HBI) secured the exclusive rights to design, manufacture and distribute UCLA fan apparel in the mass retail channel. The multi-year agreement will see HBI developing exclusive collections for men’s, women’s, unisex, youth, infant, and toddler apparel.
Authentic Brands Group Nearing Deal To Acquire Boardriders, Inc. For $1.3 Billion
Authentic Brands Group, Inc. is nearing a deal to acquire Boardriders, Inc., the parent of Quiksilver and Billabong, for $1.3 billion, sources told Bloomberg.
Camping World Closing Down Active Sports
In a regulatory filing, Camping World Holdings said it plans to “exit and restructure operations of its indirect subsidiary, Active Sports,” which includes its retail store and warehouse in Little Canada, a suburb of Minneapolis-St. Paul, MN, as well as the The-House.com website.
Dick’s SG Sees Q4 Comp Sales Up 5.3 Percent; Net Income Falls 32 Percent
Dick’s Sporting Goods, Inc. revenues increased 7.3 percent to $3.60 billion for the fourth quarter ended January 28. Comp-store sales increased 5.3 percent for Q4. Net income fell 32 percent to $236 million, or $2.60 per share, for the fourth quarter.
