SGB Update Apparel
Kappa Replaces Spyder As Outfitter Of U.S. Ski & Snowboard Team
Italian sportswear brand Kappa signed a multi-year sponsorship with U.S. Ski & Snowboard to be the official technical apparel partner of the U.S. Ski Team. Kappa replaces Spyder, which had the ski team’s apparel deal for the past 33 years.
April Sales Climb 8.2 Percent Year-Over-Year
The U.S. Census Bureau said overall retail sales in April were up 0.9 percent seasonally adjusted from March and up 8.2 percent year-over-year. That compared with increases of 1.4 percent month-over-month and 7.3 percent year-over-year in March.
ThredUP Releases 10th Annual Resale Report
ThredUP released the results of the 2022 Resale Report that predicts the U.S. secondhand market will more than double by 2026, reaching $82 billion.
Obit: Shelby Modell
Shelby Modell, matriarch of the longtime family-owned Modell’s Sporting Goods chain and a noted philanthropist, passed away at the age of 98.
Itochu Secures Reebok’s Rights In Japan
Itochu Corp reached an agreement with Authentic Brands Group (ABG) for rights to distribute market and license Reebok in Japan.
On Hikes Guidance On Robust First Quarter
On, the Swiss running brand, raised its outlook for sales and earnings for the current year after reporting first-quarter results that easily topped Wall Street estimates. Net sales vaulted 67.9 percent in Q1 2022 and sales are now expected to grow at least 44 percent in 2022.
Sportsman’s Warehouse Appoints Chief Information Officer
Sportsman’s Warehouse Holdings, Inc. appointed Sruti Patnaik as chief information officer leading its information technology efforts and building out its omni-channel capabilities. She was at Ross Stores.
PXG Opens Store In Fairfax
PXG opened a location in Fairfax, VA. The golf apparel and club maker now operates 14 locations.
Snipes Appoints Chief Marketing Officer
Snipes announced that Rich Foster will join the company as chief marketing officer reporting to Jim Bojko, president of Snipes U.S. operations.
REI Appoints Chief Supply Chain Officer And General Counsel
REI Co-op announced that it hired Sylvia Wilks as senior vice president, chief supply chain officer and Minnie Alexander as vice president, general counsel and corporate secretary, effective May 23 and on May 31, respectively.
EVent Fabrics Expands Sale Team
EVent Fabrics announced the expansion of its sales team in North America, Southern Europe and China. Joining the company are Temo Reyna, senior sales manager for North America, Lily Li, sales manager China, and Cristian Massignani, sales agent, in Southern Europe.
Rally House Adds A New Store In Pittsburgh
Rally House opened a new store in Upper St. Clair, PA.
JD Sports Names Non-Executive Director
JD Sports Fashion PLC said Friday that it has appointed Suzi Williams as a nonexecutive director as the retailer continues to strengthen its board.
Outdoor Retailer Summer Attracts Over 550 Brands For Upcoming Show
Outdoor Retailer said more than 550 brands are exhibiting at Outdoor Retailer this summer in Denver, with over 20 percent representing new exhibitors.
Yue Yuen’s Q1 Sales Hurt By Declines At Pou Sheng
Yue Yuen reported profits grew 3.7 percent in the first quarter despite a 4.0 percent decline In revenues, mainly dragged by weak sales at its Pou Sheng retail chain.
