SGB Update Apparel
Puma to Re-Enter Basketball Category
Puma SE at its Capital Markets Day revealed intentions to re-enter the performance basketball category. The company also it expects currency-adjusted consolidated net sales to grow around 10 percent on average per year until 2022.
Large U.S. Retailers Urge Trump Against China Tariffs
A letter sent to President Trump signed Monday by 49 of the nation’s largest retailers, including Walmart, Target and Costco outlines their concerns about the detrimental impact broadly applied tariffs could have on American families.
Fila Reunites With Tennis Legend Bjӧrn Borg As Brand Ambassador
Fila has partnered again with Hall of Famer and former world #1 player Bjӧrn Borg as a brand ambassador.
Patagonia’s Blue Heart Campaign Aims To Protect The Last Wild Rivers Of Europe
Patagonia launched the Blue Heart website and petition urging international banks to stop investing in the destruction of Europe’s last wild rivers, and released a preview of Blue Heart, its upcoming documentary film.
Gander Outdoors Prepares For Grand Opening In Fayetteville
Gander Outdoors, formerly known as Gander Mountain, is open in Fayetteville, NC.
Champs Sports Opens New Flagship Store In NYC’s Times Square
Champs Sports, a division of Foot Locker Inc., celebrated the opening of its New York flagship location in Times Square.
Nike Says Second Senior Executive Is Leaving Company
Nike on Friday said Jayme Martin, vice president and general manager of global categories for Nike, has been ousted from the company. His departure comes one day after Nike President Trevor Edwards resigned amid complaints about poor workplace conduct.
Citi Trends Promotes Bruce Smith To CEO
Citi Trends Inc. announced that Bruce Smith, acting chief executive officer, has been promoted to serve as the permanent chief executive officer.
Newell Brands Announces Agreement With Carl Icahn
Newell Brands announced that it entered into a cooperation agreement with Carl C. Icahn, chairman of Icahn Enterprises LP (IEP), who beneficially owns approximately 6.9 percent of the company’s outstanding shares.
New Balance Awarded $17M contract For Military Footwear
New Balance was awarded a $17.3 million contract from the Department of Defense (DOD) to provide American-made New Balance athletic shoes to initial entry service members upon arrival at basic training.
Authentic Brands Group To Acquire Nautica
VF Corp. announced that it has entered into a definitive agreement to sell the Nautica brand business to Authentic Brands Group (ABG) LLC.
L.L. Bean Cuts Jobs Bonuses After Reporting Flat Sales In 2017
L.L.Bean said it plans to eliminate employee bonuses for the first time since 2008 and will lay off about 100 positions this spring. The retailer also reported annual revenue reached $1.6 billion in its fiscal year ended Feb. 25, which was nearly flat with year-ago levels.
Columbia Sportswear And Major League Soccer Announce New Relationship
Columbia Sportswear and Major League Soccer announced a new collaboration featuring co-branded outerwear and apparel for men, women and children.
Arnold Palmer Group Partners With Fanatics To EnhanceMerchandise Experience At Arnold Palmer Invitational
The Arnold Palmer Group announced it has entered into an agreement with Fanatics to manage the on-site and online merchandising operations for the Arnold Palmer Invitational.
Nike’s Trevor Edwards Resigns Amid Workplace Complaints
Nike President Trevor Edwards has resigned from his position following an internal probe of inappropriate workplace behavior. Mark Parker announced that he plans to stay on as chairman, president and CEO beyond 2020.
