Puma Adds Swimwear License
Puma and United Legwear & Apparel Co., LLC (ULAC) announced that they entered into a licensing agreement in North America for the production, sales, marketing, and distribution of Puma swimwear for men’s, women’s and kid’s.
Target Warns Of Profit Decline Over Inventory Imbalances
Target lowered its forecast for the second quarter as it plans to markdown merchandise, remove excess inventory and cancel orders in an effort to right-size its inventory levels.
IDC: Wearables Market Sees First Quarterly Decline As Demand Normalizes
The global wearables market faced its first-ever decline during the first quarter of 2022 (1Q22) as unit shipments totaled 105.3 million units, down 3.0 percent year over year, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
Umarex USA Announces New Marketing Manager
Umarex USA announced the appointment of Scott Faldon as marketing manager.
RealReal Founder Steps Down As CEO And Chairman
Luxury fashion consignor RealReal announced that after 11 years of leadership, its Founder Julie Wainwright has decided to step down from her role as CEO, chairperson and member of the board of directors.
Marc Fisher Footwear Company Licenses Earth Shoes
The Marc Fisher Footwear Company entered into a multi-year agreement to license the Earth shoe brand for men’s and women’s footwear.
Signa Sports Appoints CEO
Signa Sports United (SSU) has appointed Max Heimann as chief executive officer of the Internetstores Group. Heimann will lead SSU brands, including Fahrrad.de, Probikeshop, Addnature, and CAMPZ across Europe for SSU.
Nextiles Raises $5M In Funding Round To Build Fitness Trackers
Nextiles, a smart fabric technology for athletes, announced its $5 million seed round led by Drive by DraftKings, with participation from the NBA, Madison Square Garden Sports Corp., Alumni Ventures, SmartSports, Phoenix Capital Ventures, and Newlab.
G-III Apparel’s Sales Jump 33 Percent In First Quarter
G-III Apparel Group, Ltd. reported earnings rose 16 percent in the first quarter on a 32.5 percent revenue gain. The company raised its outlook as sales and EPS both exceeded expectations.
Academy Sports Q1 Tops Expectations
Academy Sports reported first-quarter results that topped Wall Street targets but the retailer still slightly lowered its outlook due to macroeconomic challenges. Ken Hicks, CEO said, “We are satisfied with our first-quarter results as the company continued to position itself for long-term growth and expansion as we executed effectively in a highly dynamic environment and against a very strong prior-year quarter.”
Camano Capital Becomes Marjority Shareholder Of Turtle Fur Brand
Turtle Fur, the outdoor brand headquartered in Morrisville, VT, announced that Seattle and Minneapolis-based investment firm, Camano Capital, has become the majority shareholder in the company.
Rocky Brands To Close Boston Office Following Cost Review
Rocky Brands, Inc. plans to close its Boston office attained via its acquisition of the lifestyle footwear business of Honeywell International, Inc. and reduce its non-manufacturing headcount related to the acquired brands by approximately 13 percent, resulting in approximately $3.0 million to $4.0 million in annualized savings.
American Outdoor Brands Adds Independent Board Member
American Outdoor Brands, Inc. announced that Luis G. Marconi has joined the company’s Board of Directors as an independent director. Most recently, he was group vice president of Grocery Products at Hormel Foods Corporation.
Gathr Outdoors Acquires WaterPort
Gathr Outdoors announced its acquisition of Vista, CA.-based WaterPort, a maker of water tanks for cleaning and rinsing camp shower equipment.
Kohl’s, Franchise Group Enter Exclusive Negotiations Over Sale
Kohl’s Corp. reported that it’s in exclusive talks with the Franchise Group over a possible $8 billion takeover.
