OC Sports Appoints National Sales Manager
OC Sports announced it promoted Nate Currier to national sales manager. Currier has over five years of experience at Outdoor Cap, previously in the Farm and Western Division.
Adidas Appoints Chief Creative Officer
Adidas announced the appointment of Alasdhair Willis to chief creative officer responsible for the global creative direction for its brands and its three labels—Performance, Originals and Sportswear.
PrimaLoft Appoints Senior Vice President, Technology And Development
PrimaLoft, Inc. named Manish Jain as its new senior vice president, technology and development.
Snipes Acquires Expressions
Snipes continues its expansion in the U.S. by acquiring New England-based sneaker retailer Expressions. The acquisition comes on the heels of its recent acquisition of Jimmy Jazz.
Anta To Open Fila-Branded Hotel In Shanghai
Anta announced a partnership with Hyatt Hotels to open a lifestyle hotel concept, Fila House Shanghai, in 2024.
Under Armour Must Submit Documents Related To SEC, DOJ Investigations To UCLA
Under Armour, Inc. must submit documents related to the federal government’s investigation into its accounting practices which led to a $9 million fine last year, a Los Angeles judge overseeing the litigation over its canceled UCLA contract has ruled, according to the Baltimore Business Journal.
Peloton Ex-CEO Sells $50 Million In Stock To Michael Dell’s Investment Firm
According to a securities filing, Peloton co-founder and ex-CEO John Foley has sold about $50 million in stock to an investment firm backed by Michael Dell, MSD Partners.
RYU Apparel Hires DJM Sales Consulting
Vancouver-based RYU Apparel Inc. announced the hiring of DJM Sales Consulting, to lead global sales and oversee the company’s wholesale strategy.
The Buckle’s Comps Jump In February
The Buckle, Inc. announced that comparable store net sales, for stores open at least one year, for the 4-week period ended February 26, 2022, increased 33.3 percent from comparable store net sales for the 4-week period ended February 27, 2021.
T-H Marine Acquires YakGear
OneWater Marine, Inc. announced that its subsidiary, T-H Marine, has acquired YakGear, Inc., a supplier of kayak equipment, paddle sports accessories and boat mounting accessories based in Houston, TX.
Recall: Fitbit Ionic Smartwatches
About 1 million Fitbit Ionic Smartwatches sold in the U.S. are being recalled. The lithium-ion battery in the Ionic smartwatch can overheat, posing a burn hazard.
Fanatics Earns $27 Billion Valuation In Latest Funding Round
Fanatics, Inc. raised $1.5 billion from a group of investors, including Fidelity Management & Research Co., managed by BlackRock, Inc. and Michael Dell’s family office (MSD Capital LP), valuing the company at $27 billion, according to a report from the Wall Street Journal.
Amazon To Close 4-Star, Book And Pop-Up Stores
Amazon is closing 68 brick-and-mortar bookstores and pop-up kiosks in the U.S. and UK to concentrate on its supermarkets, including Whole Foods and Amazon Fresh, according to a report from Reuters.
Nike Suspends Online Sales In Russia
Nike Inc. has stopped taking online orders on its Russian website because it can’t guarantee delivery, Nike said on its Russian website.
Qurate Retail Group Announces Leadership Appointments
Qurate Retail, Inc., the parent of QVC and HSN, announced new executive leadership appointments for Qurate Retail Group to accelerate its leadership in video commerce, drive operation improvement, and differentiate its brand experiences across core vCommerce brands in the U.S.— QVC and HSN.
