SGB Update Apparel
Filson Taps Former CEO Of Woolrich As CEO
Filson, the outdoor outfitter and apparel manufacturer based in Seattle, announced that Paolo Corinaldesi has been named as chief executive officer. Corinaldesi is the sixth CEO in the brand’s 124-year history.
Sports Direct Parent Acquires Fashion Retailer Psyche
Frasers Group, the parent of Sports Direct, has acquired U.K.-based fashion retailer Psyche’s stores and online business for an undisclosed sum.
Macy’s To Shutter 45 More Locations In 2021
Macy’s plans to close 45 department stores by the middle of this year as part of its previously-announced plan to shut 125 locations by 2023.
NSGA 2021 Management Conference & Team Dealer Summit Moves Dates
The National Sporting Goods Association (NSGA) has moved the dates of its 2021 Management Conference & Team Dealer Summit to September 26 to 28, 2021 at The Ritz-Carlton Golf Resort in Naples, FL. The event was initially scheduled for May 16 to 18.
Troon Acquires Indigo Golf Partners
Troon, the golf management company, announced it has acquired Indigo Golf Partners, formerly known as Billy Casper Golf.
Amer Sports Confirms Planned Sale Of Precor
Amer Sports confirmed that it entered into an agreement with Peloton Interactive Inc. for the contemplated sale of Precor, the manufacturer of commercial fitness equipment with a significant U.S. manufacturing presence, in a transaction valued at $420 million.
NRF Chief Economist Sees Latest Stimulus Helping Recovery
Economic challenges brought on by the coronavirus pandemic will continue in 2021, but stimulus legislation signed into law just after Christmas will help maintain and accelerate the nation’s ongoing recovery, believes National Retail Federation Chief Economist Jack Kleinhenz.
HanesBrands Wins Infringement Case Against Six Defendants In China
HanesBrands announced that it has received a favorable judgment from the Nanjing Intermediate People’s Court in a trademark infringement case involving its Champion brand in China.
Maine Sport Outfitters To Open Third Location
Maine Sport Outfitters plans to open a store in Rockland, ME. The retailer currently operates locations in Rockport and Camden.
Dubai’s GMG Acquires Southeast Asian Sports Retailer
The Dubai-based family holding company, Gulf Marketing Group (GMG), has acquired Royal Sporting House (RSH), one of the largest multi-brand sports retailers in Southeast Asia.
Macy’s Names Chief Merchandising Officer
Macy’s Inc. announced that Nata Dvir has been named chief merchandising officer of the Macy’s brand, effective February 1, 2021. She currently serves as Macy’s senior vice president and general business manager for Beauty and Center Core merchandise.
Footwear Analyst Joins Williams Trading
Sam Poser, formerly lead footwear and apparel analyst at Susquehanna International Group, has joined Williams Trading as an equity analyst.
REI’s CEO Sends Year-End Note To Co-Op Members
In a year-end letter to co-op members entitled, “Grateful for Our Community in a Year Like No Other,” Eric Artz, REI Co-op CEO and president, reflected on the accomplishments of the company. He also noted that while the past year had its challenges, it was also one of “profound clarity, focus and learning.”
Mad Engine Sold To Platinum Equity
Platinum Equity announced that it has acquired a controlling stake in the apparel company Mad Engine from affiliates of the company’s current ownership group, which has owned the business since 2011. Mad Engine’s owned brands include Lifted Research Group (LRG), Neff Headwear and Mighty Fine.
Asics Closes Flagship Store In Manhattan
Asics shuttered its New York City flagship store on Fifth Avenue in Manhattan in December 2020 amid the prolonged impact of COVID-19. The store opened in 2017. Asics will take a 2.3 billion ($22 million) charge to cover the lease cancellation and the loss on the impairment of the related fixed assets.
