SGB Update Apparel
VF Corp. Appoints VP, Global Inclusion & Diversity
VF Corp. announced the appointment of Lauren Guthrie to the position of vice president, global inclusion & diversity (I&D).
Nike Partners With Lazada, Southeast Asia’s E-Comm Platform
Nike has partnered with Lazada, Southeast Asia’s e-commerce platform, to reach consumers across Indonesia, Malaysia, the Philippines, Singapore and Thailand through the Nike LazMall Flagship Store.
Centric Brands Appoints Chairman
Centric Brands LLC said Marc Schneider has been appointed chairman of its Board of Directors.
Former Nike Digital VP Joins Postmates
Mike Buckley, a former VP at Nike Digital, has joined Postmates, the delivery platform, as SVP of Business.
Lululemon Athletica Announces Leadership Appointments
Lululemon Athletica Inc. announced several leadership appointments, including company veteran Celeste Burgoyne becoming the first executive to serve at the president level in her role leading the Americas and Global Guest Innovation teams. The company also announced the hire of longtime Adidas executive André Maestrini to serve as EVP, International and lead the company’s international expansion.
Newell’s Outdoor & Rec Segment Delivers Q3 Revenue Gain Of 8 Percent
Newell Brands’ Outdoor & Recreation segment generated net sales of $383 million compared with $356 million in the prior-year period, reflecting a gain of 7.6 percent. The gain reflects a core sales increase of 8.1 percent and the impact of unfavorable foreign exchange.
Under Armour Enters Agreement To Sell MyFitnessPal Platform
Under Armour Inc. announced that it has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners. Under Armour also said it will discontinue its Endomondo platform’s operations at the end of 2020.
Under Armour’s Q3 Tops Wall Street’s Targets
Under Armour Inc.’s third-quarter results topped analyst targets due to improving performance in North America and a 19 percent sales gain in footwear. The company also provided a full-year outlook that was better than expected.
Columbia Sportswear’s Q3 Profits Slump 47 Percent
Columbia Sportswear reported earnings fell 47 percent in the third quarter as revenues were down 23 percent. Both sales and EPS came in below Wall Street’s consensus targets. Looking forward, the company predicted fourth-quarter earnings would decline between 20 and 35 percent as sales slump in the range of 8 to 11 percent.
The Big Gear Show 2021 Drives Hardgood’s Innovation
The Big Gear Show announced a new location, invitation-only format and growth-driving resources for 2021. The show will feature 500 hand-selected retailers and 250 brands across the outdoor and cycling industries. Its inaugural event was canceled due to COVID-19. The Show will take place on August 3-5, 2021, in Park City, UT at The Deer […]
Columbia Sportswear Announces Senior Leadership Changes
Columbia Sportswear announced that Thomas Cusick, EVP and COO, plans to retire. In accordance with pre-established transition plans, Lisa Kulok, SVP, global supply chain operations and manufacturing, and Jim Swanson, SVP AND CFO, are promoted to EVPs.
RYU Apparel Closes $4.2M Private Placement
RYU Apparel Inc. announced that it has closed a non-brokered private placement financing. Said Cesare Fazari, RYU’s CEO, “This capital infusion shows the confidence shareholders have in our plan of profitable renewal for the RYU brand.”
JCPenney To Emerge From Chapter 11 Under New Owners
JCPenney has inked an asset purchase agreement (APA) with Brookfield Asset Management, Simon Property Group and a majority of its lenders in a move that’s expected to enable the department store chain to emerge from bankruptcy proceedings before the holiday selling season.
Fabletics Partners With Hydrow
Fabletics announced a partnership to become Hydrow’s official apparel partner and to sell Hydrow’s rowers to its members.
Nike Extends Sponsorship Of University Of New Mexico
Nike signed a new three-year contract to continue as the uniform and team gear provider to the University of New Mexico. Nike has worked to partner with the University since reaching an all-department contract in 2008.
