SGB Update Apparel
Nike And Lululemon Gain Ground In Piper Sandler’s Semi-Annual Teen Survey
Nike and Lululemon earned new highs is mindshare while Under Armour’s improved, according to Piper Sandler’s 41st Semi-Annual Generation Z Survey. Adidas fell to No. 5 in clothing mindshare, the brand’s lowest level since Fall 2017.
North Face Innovation Expert To Lead Stanford’s LifeLabs Textile Start-Up
Scott Mellin, who previously served as the innovation leader at The North Face for FutureLight and The Advanced Mountain Kit, has been named CEO of LifeLabs Design, Inc., a Stanford University-supported textile start-up focused on sustainable solutions.
NRF: Retail Import Surge Expected Through Summer
The unprecedented surge of imports at retail container ports that began last summer is expected to continue at least through the end of this summer as retailers work to meet increased consumer demand, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Under Armour Marketing Exec Joins Walmart
Walmart appointed Courtney Carlson, former head of North American marketing at Under Armour, as SVP of category marketing, developing strategies and programs for its core retail business units.
New Balance Appoints Creative Director MADE In USA
New Balance has appointed Teddy Santis creative director of its MADE In USA sub-line.
G-III Apparel’s Debt Ratings Upgraded
S&P Global Ratings raised the debt ratings of G-III Apparel Group Ltd. to Stable From Negative as profit and free operating cash flow generation significantly outperformed its expectations in fiscal 2021.
Former Nike Marketing Manager Pleads Guilty In Criminal Case
Errol Andam, a former Nike marketing manager, pled guilty to alleged wire and mail fraud, according to The Oregonian. In early February, federal prosecutors claimed that Andam defrauded Nike of nearly $1.5 million. He was accused of wire fraud, money laundering and making false statements on a loan application as part of a scheme to defraud Nike.
OIA Applauds Introduction Of Civilian Climate Corps Act 88 Years After Its Introduction Under FDR
Outdoor Industry Association (OIA) applauded a new bill to provide $10 billion to create a Civilian Climate Corps.
Dick’s SG Announces Grand Opening of ‘Dick’s House of Sport’ And Elevated Golf And Soccer Offerings
Dick’s Sporting Goods will expand its national footprint with the opening of its first Dick’s House of Sport, a new concept store in Victor, NY, on April 9, and two Warehouse Sale locations and experiential Soccer Shops in select locations in April. The retailer will also debut nine newly redesigned Golf Galaxy locations and expanded technology offerings in 62 Golf Galaxy locations.
U.S. Consumer Confidence Surges To One-Year High
U.S. consumer confidence in March climbed to a one-year high, after a modest increase in February, as Americans grew more upbeat about the economy and labor market.
Hanna Andersson Announces New Leadership Roles
Children’s wear brand Hanna Andersson has named Sally Pofcher as its new chief executive officer and added former Nike VP, Pamela Neferkara, to its board.
NRF Report: U.S. Economy Making ‘Dramatic Progress’
With more vaccines stockpiled, more federal stimulus money and consumers shopping again, the U.S. economy has made dramatic progress since the coronavirus pandemic brought activity to a near-standstill last year, NRF Chief Economist Jack Kleinhenz said in the April issue of its Monthly Economic Review.
Nike Marketing Veterans Launch Agency
David Creech, most recently president brand creative, global mens Nike, has partnered with two other Nike veterans, Josh Moore and Nicole Graham, and sports agent Rich Paul to start a minority-owned marketing and creative agency named Adopt.
Sequential Brands Amends Credit Agreement, Sees Four Board Members Exit
Sequential Brands Group Inc. said it amended its credit agreement with Wilmington Trust that extends a waiver of existing defaults under the agreement through April 19. As a result, four board members, including Martha Stewart, have resigned.
U.S. Economy Added 916,000 Jobs In March
The U.S. economy added 916,000 jobs in March, the highest level in months, as rising vaccination rates and declining caseloads helped accelerate a recovery in the labor market.
