SGB Update Footwear
Adidas Sets Major Expansion For Downtown Los Angeles
Adidas has leased 107,000 square feet of office space in downtown Los Angeles marking a major expansion of its Los Angeles operation for marketing and sales and design according to a report in the Wall Street Journal.
Tecovas Secures $56 Million In Series C Funding
Tecovas, an Austin, TX-based Western footwear, apparel and accessories brand, announced that it has secured $56 million in Series C funding, bringing the brand’s total lifetime equity funding to approximately $120 million.
REI To Open Distribution Center In Tennessee With Sustainability In Mind
REI announced that it is building a distribution center in Lebanon, TN to support its growth on the East Coast and in the Midwest and South.
Adobe: Holiday Online Sales Grew 9 Percent
Adobe released the Adobe Digital Economy Index, its final online shopping figures for the holiday season (November 1 to December 31). Consumers spent a total of $204.5 billion over the 2021 holiday season, up 8.6 percent year-over-year (YoY).
Tecnica Group Hires Social & Environmental Impact Guide
Tecnica Group North America hired Matthew Miller to the newly created position of social & environmental impact guide.
Urban Outfitters Holiday Comps Rise 14.6 Percent
Urban Outfitters, Inc. announced net sales over November and December rose 14.6 percent, although it indicated that higher freight costs and promotions at the Free People brand will impact margins.
Yue Yuen Revenues Up One Percent For 2021
Yue Yuen reported sales slipped 2.1 percent in December and ended up 1.0 percent for the year.
Amer Sports Divests Suunto To Liesheng
Amer Sports has reached an agreement to divest Suunto to Liesheng, a Chinese technology company focusing on the smart & sport wearables electronics segment.
Port Of Los Angeles Applauds Governor Newsom’s Port Investment Plan
On Monday, the California Governor, Galvin Newsom, unveiled his 2022/23 state budget proposal, known as “The California Blueprint.” The proposed budget includes a planned record investment of $2.3 billion for California ports.
JCPenney Executive Hires Support E-Commerce And Omnichannel Development
JCPenney said former Gap and Walmart executive Sharmeelee Bala has been named chief information officer and Katie Mullen has joined the company from Neiman Marcus Group as chief digital and transformation officer.
Simms Acquires The River’s Edge
Simms Fishing Products, manufacturer of waders, outerwear, footwear, and technical apparel in fishing, announced it has acquired Bozeman, MT-based specialty retailer, The River’s Edge Fly Shop.
Nester Hosiery Appoints SVP Brands And Licenses
Nester Hosiery, the maker of merino wool socks and parent of Farm to Feet, has added Chris Bevin to its executive team as senior vice president of Brands and Licenses.
VF Corp. Appoints Global Brand President, The North Face
VF Corp. announced that it has appointed Nicole Otto as global brand president, The North Face. Otto joins VF following a 16-year career at Nike and will succeed Steve Murray who is retiring and returning to the UK. The leadership transition will be effective on June 2022.
Tilly’s Delivers 16.5 Percent Holiday Sales Gain
Tilly’s Inc. reported sales for the nine-week period ended January 1 grew 16.5 percent and said it expects to report its most profitable fourth quarter since becoming a public company.
Zumiez Sees Holiday Sales Expand 9.0 Percent
Zumiez Inc. announced that the company’s total net sales increased 9.0 percent for the nine-week period ended January 1, 2022 compared to the nine-week period ended January 2, 2021. During the same period comparable sales increased 6.0 percent.
