SGB Update Apparel
Altitude Sports Appointment Announcement
Altitude Sports has named Maximilien Meilleur as its new vice president, product management.
Fanatics Partners With University Of Minnesota
Fanatics and the University of Minnesota announced an exclusive, 10-year partnership that sees Fanatics become Gopher Athletics’ exclusive omnichannel-e-commerce and in-venue-retail partner. Fanatics will also gain fan apparel rights to design, manufacture and distribute an expanded assortment of Golden Gopher merchandise.
REI Cuts International Adventures To Focus On U.S. Destinations
REI said it would discontinue its international adventure travel trips effective May 2021 to invest in its domestic travel growth strategy and expand offerings in hiking and camping, backpacking, cycling, women’s only, under-35, family and weekend adventures.
Columbia Sportswear Appoints Senior Vice President, Emerging Brands
Columbia Sportswear Company announced the impending retirement of Doug Morse, senior vice president, emerging brands, in the summer of 2021, and the hiring of Craig Zanon to fill the vacancy created by Morse’s retirement. Zanon spent more than twenty years with Nike, where most recently, he served as vice president and general manager of global basketball.
Kohl’s Sends Letter To Shareholders Highlighting Board Strength
Kohl’s Corporation, which is facing a proxy fight from a group of Activist investors, mailed a letter to shareholders detailing the collective strength of its Board of Directors, which the retailer said: “has been thoughtfully assembled to incorporate the full range of skills and capabilities required to oversee Kohl’s continued momentum.”
VF Corp. Announces New Appointments To EMEA Leadership Team
VF Corp. announced several new appointments to its EMEA leadership team, impacting Dickies, Napapijri and supply chain management.
A.k.a. Brands Announces Acquisition Of Culture Kings
A.k.a. Brands, based in San Francisco, announced the acquisition of Culture Kings, the Australian streetwear brand. The financial terms of the transaction were not disclosed.
OIA Special Report Examines New Outdoor Participant Amid Pandemic
Outdoor Industry Association (OIA) released a special report, “New Outdoor Participant (COVID And Beyond),” exploring Americans’ spike in engagement in outdoor activities amid the COVID-19 pandemic. The report reveals that these new participants are more likely to be female, younger, living in an urban area and slightly more ethnically diverse than existing participants.
Iconix’s Q4 Sales Slid 22 Percent
Iconix Brand Group Inc. reported sales for the fourth quarter of $33.9 million, a 22 percent decline compared to $43.2 million in the fourth quarter of 2019.
Lululemon Sees Q4 Sales Outpacing Expectations
Lululemon Athletica reported earnings in the fourth quarter ended January 31 improved 13 percent on an adjusted basis as same-store sales gained 21 percent. Both sales and earnings topped Wall Street targets.
US Lacrosse CEO To Exit After Nearly 40 Years
Steve Stenersen, the CEO of US Lacrosse since the organization’s inception in 1998, announced his intention to depart the organization by the end of 2021. The decision is the outcome of a multi-year series of strategic conversations between Stenersen and the US Lacrosse Board of Directors about succession planning and organizational evolution.
Report: Chinese Boycott Losing Momentum
A Chinese consumer boycott threat against international brands including Nike and Adidas appeared to be losing momentum over the weekend, according to a report from the South China Morning Post.
Innerwear Brand Tommy John Taps Nike Execs
Tommy John has appointed Melissa Ohm as chief product officer and Beth Brown as vice president of sales. Both formerly worked at Nike.
Sezzle Achieves B Corp Certification
Sezzle is the latest company serving the active lifestyle industry to have received the certification required to achieve B Corp status, joining innovative leaders worldwide to advance important environmental, social, and economic causes.
Academy Sports Posts Record Sales And Earnings In Fourth Quarter
Academy Sports and Outdoors Inc. reported fourth-quarter earnings quadrupled as same-store sales increased 16.1 percent. The sales gains were driven by strong consumer demand across all markets and merchandise divisions, particularly Sports & Recreation. E-commerce sales grew 60.7 percent.
