SGB Update Apparel
Academy Sports & Outdoors HQ And Distribution Center Sold For $190 Million
Mirae Asset Global Investments, based in Seoul, South Korea, has purchased the headquarters campus of Academy Sports + Outdoors in the West Houston, TX suburb of Katy. Phoenix-based Tratt Properties sold the 1.5 million-square-foot campus, which is triple-net leased to Academy Sports on a long-term lease, for $190 million.
Canada Goose Launches Kind Fleece
Today, Canada Goose is introducing “Kind Fleece,” a material made from recycled wool and bio-based fibers.
Amazon Opens Up Prime Delivery Service To Other Retailers
Amazon, on Thursday, launched a new service, Buy with Prime, that lets third-party merchants use its shipping and logistics network to fulfill orders on their sites and its 200 million-plus Prime customers.
The Athlete’s Foot Appoints EMEA Chief
The Athlete’s Foot (TAF) announced Romano Cinelli as its new vice president and general manager for TAF’s territories: Europe, Middle East and Africa.
Online Brands Nordic AB Acquires Kidswear Brand Isbjörn Of Sweden
E-commerce specialist Online Brands Nordic AB has acquired Nordic Kidswear AB, including its outdoor kidswear brand Isbjörn of Sweden.
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.
NFW Closes $85 Million In Series B Funding Round
Natural Fiber Welding, Inc. (NFW) announced it has closed an $85 million funding round to scale production of its all-natural, circular materials products coming to market with a wide array of global brand partners. Evolution VC Partners led the round.
Clarus Corporation Announces Upsized $425 Million Credit Agreement
Clarus Corp. announced that it has amended and upsized its existing senior secured credit facility jointly led by JPMorgan Chase Bank, N.A. and Bank of America, N.A.
Boardriders Announces Retirement Of Shannan North
Boardriders, Inc. announced that Shannan North, president of commercial strategy and growth and chief brand officer, plans to retire.
