SGB Update Apparel
Lululemon Unveils “Power of Three” Strategic Plan To Accelerate Growth
Lululemon Athletica, which is holding its analyst day on Wednesday, announced a new five-year growth plan that aims to “double men’s, double digital, and quadruple international” revenues. Overall, Lululemon is targeting revenue growth in low teens over the next five years.
Nike Announces Dr. John C. Lechleiter’s Retirement From Board
Nike Inc. announced that Dr. John C. Lechleiter, a director of the company since 2009 and former chairman, president and chief executive officer of Eli Lilly and Company, has decided to retire and will not stand for re-election to the board of directors of Nike Inc. at the September 2019 Annual Meeting of Shareholders.
Kohl’s To Accept Amazon Returns At All Stores
Kohl’s announced that all Kohl’s stores will be accepting free, unpackaged returns for Amazon customers starting in July.
Saucony Appoints Shawn Hoy As VP Of Product
Saucony, a division of Wolverine Worldwide Inc., announced the appointment of Nike veteran Shawn M. Hoy to vice president of global product, effective immediately. In his new role, Hoy will be responsible for guiding Saucony’s global brand footwear and apparel strategies, including design, development, and product innovation.
Topgolf Opens 50th U.S. Venue In Greenville
Topgolf opened the doors to its second South Carolina location at 9 a.m. Friday in Greenville. The new three-level, 55,000-square-foot venue is the company’s 54th location worldwide.
Foot Locker To Bring “Power Store” Concept To NYC
Foot Locker will open its first “Power Store” in New York City in the Washington Heights neighborhood at 605 W. 181st St. The 25,000-square-foot space is expected to open this fall.
Columbia To Support Planet Water Foundation On Earth Day
In honor of Earth Day, Columbia Sportswear will match all customer donations made to Planet Water Foundation at its U.S. retail stores on April 22, Earth Day.
Tech Gear 5.7 Appoints COO
Tech Gear 5.7 Inc., makers of Fieldsheer Performance Motorcycle Gear and Mobile Warming Heated Apparel, announced the hiring of Eric Creagh as the company’s new chief operating officer.
Modell’s Confirms Hiring Of Restructuring Advisor
Mitchell Modell, CEO of Sporting Goods, confirmed to USA Today Network New Jersey that the retailer had retained a restructuring advisor but he also stated the family-owned chain has long-term plans to stay in business.
Phenom Elite To Supply Uniforms To Six AFL Teams
Phenom Elite, a start-up based in Philadelphia, reached an agreement to provide uniforms to six teams in the Arena Football League (AFL).
Major League Soccer And U.S. Soccer Partner Partner With Headspace
Major League Soccer (MLS) and U.S. Soccer announced a three-year partnership with Headspace, one of the world’s leading meditation and mindfulness apps.
Kohl’s Commits $10 Million to Family Health And Wellness
Kohl’s announced it is deepening its commitment to families and communities through an expanded Corporate Social Responsibility (CSR) platform, shifting the company’s focus from children’s health to holistic family health and wellness.
Under Armour’s North America President To Exit
Under Armour pInc. in a regulatory filing reported that Jason LaRose, president of its North America division, will be leaving the company on April 30.
Roots Appoints Chief Merchant
Roots, the Toronto-based casual chain, appointed Nancy Lepler as its chief merchant. Lepler formerly held merchant roles for DKNY Retail /G-111 Apparel Group and Aeropostale.
March Retail Sales See Healthiest Gains Since Late 2017
Retail sales were up 1 percent in March seasonally adjusted from February and up 0.8 percent unadjusted year-over-year, the National Retail Federation said. NRF said the numbers could have been better if not for cold weather early in March and changes in the timing of two key religious holidays.
