SGB Update Apparel
Reebok Appoints VP Europe
Reebok promoted Laurent Fricker to vice president for Europe, according to Fashion Network.
Nike To Temporarily Close Stores In Russia
Nike, Inc. said it would temporarily close all its owned stores in Russia. The brand joins a number of other Western brands that have suspended their businesses in the country following Moscow’s invasion of Ukraine.
Athleta Q4 Sales Gain 52 Percent On Two-Year Basis
Gap, Inc. reported fourth-quarter net sales at Athleta jumped 52 percent versus 2019 with comparable sales up 42 percent versus the fourth quarter of 2019.
OC Sports Appoints National Sales Manager
OC Sports announced it promoted Nate Currier to national sales manager. Currier has over five years of experience at Outdoor Cap, previously in the Farm and Western Division.
Adidas Appoints Chief Creative Officer
Adidas announced the appointment of Alasdhair Willis to chief creative officer responsible for the global creative direction for its brands and its three labels—Performance, Originals and Sportswear.
PrimaLoft Appoints Senior Vice President, Technology And Development
PrimaLoft, Inc. named Manish Jain as its new senior vice president, technology and development.
Snipes Acquires Expressions
Snipes continues its expansion in the U.S. by acquiring New England-based sneaker retailer Expressions. The acquisition comes on the heels of its recent acquisition of Jimmy Jazz.
Anta To Open Fila-Branded Hotel In Shanghai
Anta announced a partnership with Hyatt Hotels to open a lifestyle hotel concept, Fila House Shanghai, in 2024.
Under Armour Must Submit Documents Related To SEC, DOJ Investigations To UCLA
Under Armour, Inc. must submit documents related to the federal government’s investigation into its accounting practices which led to a $9 million fine last year, a Los Angeles judge overseeing the litigation over its canceled UCLA contract has ruled, according to the Baltimore Business Journal.
RYU Apparel Hires DJM Sales Consulting
Vancouver-based RYU Apparel Inc. announced the hiring of DJM Sales Consulting, to lead global sales and oversee the company’s wholesale strategy.
The Buckle’s Comps Jump In February
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 26, 2022, increased 33.3 percent from comparable store net sales for the 4-week period ended February 27, 2021.
Fanatics Earns $27 Billion Valuation In Latest Funding Round
Fanatics, Inc. raised $1.5 billion from a group of investors, including Fidelity Management & Research Co., managed by BlackRock, Inc. and Michael Dell’s family office (MSD Capital LP), valuing the company at $27 billion, according to a report from the Wall Street Journal.
Nike Suspends Online Sales In Russia
Nike Inc. has stopped taking online orders on its Russian website because it can’t guarantee delivery, Nike said on its Russian website.
Kathmandu Holdings To Undergo Name Change
Kathmandu Holdings Limited announced that it will undertake a name change to KMD Brands Limited.
Ross Stores’ Q4 Comps Climb 9 Percent
Ross Stores reported same-store sales grew 9 percent in the fourth quarter but earnings declined due to higher freight, wages and COVID-related costs. The off-pricer also announced a new two-year $1.9 billion stock repurchase program, increased its quarterly dividend and raised its long-term growth potential.
