SGB Update Apparel
REI Welcomes Kelley Hall As New CFO
REI Co-op has hired Kelley Hall as its new chief financial officer. Hall was senior vice president, chief accounting officer, and treasurer at Nordstrom Inc.
Nike’s CEO Mark Parker To Step Down In January 2020, John Donahoe To Succeed
Nike Inc said John Donahoe will be appointed as the company’s new president and chief executive officer, effective Jan. 13, 2020. At the same time, Mark Parker, CEO since 2006 and chairman, president and CEO since 2016, will become executive chairman and continue to lead the board of directors and work closely with Donahoe and the senior management team.
Voxel8 Announcing Series B Investment Round
Voxel8, a start-up bringing 3-D printing to footwear and athletic apparel, announces a Series B funding led by DSM Venturing, the venture investment arm of DSM.
Rossignol Group Reorganizes North American Apparel Team
Rossignol is restructuring its apparel and retail operations team in North America in order to more effectively support growth goals in the category and fuel initiatives in D2C and retail sales channels.
IAAF To Investigate Nike’s Record-Breaking Shoe
The International Association of Athletics Federation (IAAF), the organizing body for various running-based competitions, launched a probe into the Nike Vaporfly after reported complaints about its use in competition.
Under Armour Founder Kevin Plank Steps Aside As CEO
Kevin Plank, the founder and CEO of Under Armour Inc., is stepping down as CEO. Patrik Frisk, the company’s chief operating officer, will take over as CEO at the end of the year. Plank, who started the sportswear company in 1996, will stay as executive chairman and brand chief.
Fanatics Partners With Blizzard Entertainment
Fanatics and publisher Blizzard Entertainment announced an expanded agreement that will see Fanatics operate new mobile-friendly e-commerce platforms that will house Blizzard’s Gear Stores for gamers across the globe.
Macy’s Inc. Commits To Going Fur-Free
Macy’s, Inc. announced that it will stop selling fur by the end of fiscal 2020. This includes all Macy’s and Bloomingdale’s private brands, as well as items sold from brand partners.
Saks-Owner To Go Private
Hudson’s Bay Company, which owns Saks Fifth Avenue, said its board of directors has accepted a revised offer from a group of majority shareholders led by executive chairman Richard Baker, bringing the retailer a step closer to going private.
Adidas’ Eric Liedtke To Exit At Year End
Adidas AG announced that Eric Liedtke, a 25-year Adidas veteran responsible for global brands, plans to exit the company at the close of the year. Liedtke was credited with guiding successful collaborations with global influencers such as Kanye West, Pharrell Williams and Beyoncé. Brian Grevy, CEO of Gant, will return as executive board member, responsible for global brands at the start of next year.
Goat Expands Into Luxury And Streetwear Apparel And Accessories
Goat, the global re-seller platform for style, announced its category expansion beyond sneakers. It has added apparel and accessories from emerging, contemporary and luxury brands to its platform in its drive to provide the broadest style offering in the world.
Acai Activewear Secures Funding
Acai Activewear, a U.K.-based clothing brand for the women’s outdoorwear market, raised £350,000 ($450,000) in funding. The round was led by Dow Schofield Watts Angels (DSW Angels).
New Balance Opens Kawhi’s Fun House Pop-Up
New Balance partnered with Shoe Palace opened a pop-up shop titled Kawhi’s Fun House that opened from October 18 to 20 at Shoe Palace’s Melrose Ave retail location in Los Angeles.
Nordstrom’s Chief Accounting Officer Resigns
Nordstrom Inc.’s senior vice president, chief accounting officer and treasurer, Kelley Hall, resigned from her post, effective November 1, according to a regulatory filing.
Gildan Cuts Guidance On Weaker Printwear Demand
Gildan Activewear significantly reduced ts full-year guidance after citing weaker than expected imprintable demand in North America and ongoing softness in international imprintable markets.
