SGB Update Apparel
Adidas Looks To Accelerate Growth Under New Five-Year Plan
Adidas aims to double its e-commerce sales by 2025 and make its products more sustainable as part of a five-year strategic plan, “Own the Game.” The plan also calls for revenues to expand between 8 percent and 10 percent on average annually and profits to increase at a faster rate.
Ron Jon Surf Shop Sets Succession Plan
Ron Jon Surf Shop announced that Michele Goodwin, currently vice president of retail operations and human resources, has been selected as Ron Jon Surf Shop’s next company president and COO. Goodwin will assume her new role on May 1, when. Debbie Harvey, president and COO of Ron Jon Surf Shop since 2008, retires.
Roxy Appoints Global And Creative Design Director
Roxy appointed Stephanie Micci as its first-ever global and creative design director. She was previously head of design for Tommy Hilfiger Sport.
Team USA And USOPC Sue Puma Over Olympics Trademarks
Team USA and the U.S. Olympic and Paralympic Committee (USOPC) filed a lawsuit against Puma in Colorado Federal District Court for trademark infringement and unfair competition.
Nike Hires New GMs For North America, APLA And Men’s
Nike Inc. appointed Sarah Mensah as VP/GM, North America and Amy Montagne as VP/GM, APLA. Aaron Cain becomes VP/GM, Men’s.
Herschel Supply Appoints First Chief Executive Officer
Herschel Supply Co. announced that Jon Hoerauf will join the company as chief executive officer, effective immediately. He was formerly president at Arc’teryx.
Dick’s SG’s Q4 Sales Surge 19.6 Percent
Dick’s Sporting Goods, Inc. reported fourth-quarter earnings nearly doubled year-over-year on an adjusted basis as sales ran up 19.6 percent. At the mid-point of its expected range, Dick’s sees sales in 2021 climbing 2 percent from 2020 and 11 percent versus 2019.
Court Finds For Cocona In Patent Infringement Case Versus The North Face
Cocona Labs said it has prevailed in a patent infringement case brought against The North Face (TNF). Cocona said the United States Court of Appeals for the Federal Circuit on March 4 affirmed the validity of key claims of its patent.
Boathouse To Enter Quebec With Stores
Casual youthful multi-brand Canadian fashion retailer Boathouse will expand into the Quebec market this year for the first time. A lease has been signed to open a Boathouse store at the Promenades Gatineau near Ottawa in a space most recently occupied by Le Chateau.
Ross Stores To Open 60 New Locations In 2021
Ross Stores recently opened four Ross Dress for Less and three dd’s Discounts stores across five different states in February and March. These new locations are part of the company’s plans to add approximately 60 new stores – 40 Ross and 20 dd’s Discounts locations – during fiscal 2021.
Hyperlite Mountain Gear Finds Equity Investor
Hyperlite Mountain Gear Inc., based in Biddeford, ME, has secured an investment from T-street Capital, LLC.
Inov-8 Relaunches Under Original Founder
Inov-8 founder Wayne Edy quietly bought back the footwear company from Descente last year and is planning a relaunch with a new running shoe for trail and ultramarathon runners.
Saks Fifth Avenue Stores And E-Commerce To Become Separate Companies
The Hudson’s Bay Company, owners of Saks Fifth Avenue, signed a deal to sell a minority stake in Saks Fifth Avenue’s e-commerce business and turn it into a separate company.
Foot Locker Appoints Creative Director, Women’s Business
Foot Locker announced Melody Ehsani as creative director of its women’s business. The LA founder of the ME. streetwear brand will design a quarterly apparel capsule collection and curate an on-going selection of Nike and Jordan products.
Mastercard: U.S. Retail Sales Grew 4.6 Percent In February
U.S. retail sales climbed 4.6 percent in February after adjusting for the fact that 2020 was a leap year, according to data from Mastercard’s SpendingPulse.
