SGB Update Apparel
Fleet Feet Promotes Jason Jabaut To COO
Fleet Feet announced the promotion of Jason Jabaut to COO, effective immediately. The move comes as it realigns the organization and formalizes its plan for growth centered around business development, brand awareness and customer retention.
Burberry’s CEO To Join Ferragamo
Salvatore Ferragamo SpA said it reached an agreement for Burberry Group Plc CEO Marco Gobbetti to become its general manager and chief executive officer at the end of the year.
Arc’teryx Opens Store In Santana Row
Arc’teryx opened a brand store in the Santana Row community of San Jose, CA, offering a full selection of its outerwear, packs, climbing gear, hiking and trail running apparel.
Li Ning’s Profits More Than Double In Six Months
Li Ning reported sales of not less than ¥1.8 billion for the six months ending June 30 as compared with that of ¥683.4 for the corresponding period in 2020.
Fanatics Taps Dodgers Executive To Explore New Verticals
Fanatics plans to hire Tucker Kain, president of business enterprise for the Los Angeles Dodgers, to help the company expand beyond licensed fan merchandise.
Report: Spanx In Talks On Potential Sale
Spanx, the women’s shapewear brand, has retained Goldman Sachs to explore financial options, including a sale, in a deal that could reach upwards of $1 billion, according to a report from The New York Times.
Nike Exec To Lead Dallas Mavericks
The Dallas Mavericks have reportedly reached an agreement to hire Nico Harrison, a Nike executive driving relations with NBA athletes, as its general manager.
REI To Offer Expanded Sizing In Women’s Apparel And Gear
As part of its commitment to be a more inclusive retailer, REI Co-op will expand its size range, up to size 20, in apparel and gear on REI.com, in 32 of its retail stores by the end of 2021 and in all its stores by 2022.
Beachbody SPAC Deal Wins Shareholder Approval
Forest Road Acquisition Corp. announced that its stockholders have voted to approve the proposed three-way business combination with The Beachbody Company Group, LLC and Myx Fitness Holdings, LLC at a special meeting of stockholders.
Nike Blasts Past Wall Street Targets In Q4
Nike Inc. reported earnings and sales came in well above Wall Street’s consensus estimates in the fourth quarter ended May 31. Revenues grew 96 percent year-over-year, supported by a 73 percent jump in Nike Direct sales. Sales in North American climbed 141 percent year-over-year and 29 percent compared to the fourth quarter of 2019.
Golf Rounds Played Climb 18 Percent In May
Golf rounds played in the U.S. rose 18.1 percent for the month of May, according to Golf Datatech. For the year-to-date period, rounds are ahead 33.6 percent.
Appalachian Gear Company Expands Manufacturing Operations In North Carolina
Appalachian Gear Company announces its expansion into a new manufacturing facility in Kings Mountain, NC. The move will allow the brand to increase the production of its All-Paca products while creating jobs in the Charlotte metropolitan area.
Hibbett Initiates Quarterly Cash Dividend
Hibbett Inc. announced that its Board of Directors has declared an initial quarterly dividend of 25 cents per share on the company’s common stock. The commencement of the company’s first ongoing dividend program is reflective of the company’s growth and commitment to delivering long-term shareholder value.
EY Future Consumer Index Finds Consumers Prioritizing Sustainability
Globally, levels of concern among consumers in response to the COVID-19 pandemic are moderating slightly, according to the seventh edition of the EY Future Consumer Index. A key emerging trend is the prioritization of sustainability, although the majority of consumers are relying on companies to act as leaders in driving positive social and environmental outcomes.
NRF Welcomes Bipartisan Infrastructure Framework
The National Retail Federation said it is encouraged by a bipartisan group of Senators and the Biden Administration finding agreement on a framework for an infrastructure package.
