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VF Corp. Hires Nike's Cherian to Drive Apparel and Footwear Innovation Centers
VF Corporation has hired the architect of Nike's sustainability and innovation strategy to run its Global Performance Apparel and Footwear Innovation Centers now being developed on the campuses of The North Face and Timberland.(9/13/2014)
Apple Set to Disrupt Wearables Space
With Apple’s launch last week of the Apple Watch, the spotlight shines bright on the wearables category. It’s pending arrival next year potentially provides a boost for the hyped but sleepy category while also possibly spelling trouble for the many big and small smartwatch and fitness trackers already targeting the opportunity...
Sportsman's Warehouse Beats Guidance With Help from Camping and Apparel
Sportsman's Warehouse Holdings Inc. reported sales of camping and apparel gear grew much faster than gun and ammo sales shrank in quarter ended Aug. 2. The strong camping and apparel sales moderated the impact of a 15 percent decline in same stores sales of hunting gear, resulting in a 6.1 percent decline in total same store sales - a smaller decline than the retailer had forecast only a few months ago...(9/12/2014)
Sports Authority Doubles Down on Yoga
Sports Authority announced the launch of an exclusive yoga lifestyle line, called Bloom. In an interview with Sports Executive Weekly, Stephen Binkley, EVP and chief merchandising officer of Sports Authority, said the retailer a couple years ago began repositioning its stores to embrace the yoga opportunity by giving the category more prominent space and establishing related...(9/12/2014)
Wolverine World Wide Expands Amazon Distribution
With customers increasingly shopping there, Wolverine World Wide has opened up distribution for all its brands on Amazon, as well as its sister company, Zappos. Asked last week about distribution with Amazon at CL King & Associates’ Best Ideas Conference, Don Grimes, Wolverine’s SVP, CFO and treasurer, said the strategic decision was made “about a year or two ago” on the last few brands “as to whether to actually kind of breakthrough"...(9/12/2014)
Sports Direct Reports Double Digit Sales Gains in First Quarter
Sports Direct International plc , the UK's leading sports retailer, reported Group sales for its first fiscal quarter ended July 27 climbed 12.2 percent to £711.2 million ($1.21 bn). Gross profit increased 11.8 percent to £301.2 million ($510 mm)...
Manchester United Attributes Merch Drop to World Cup Attention
Manchester United reported revenues from its Retail, Merchandising, Apparel & Product Licensing (RMA&PL) operations declined 12.3 percent to £9.3 million ($11.7 mm), in the fourth quarter ended June 30. The team blamed the decline on a shift in Nike’s focus on sales of national team products leading up to the World Cup...
Ray Rice Jerseys Dumped by Stores
Dick’s Sporting Goods and Modell’s were among the retailers that quickly pulled Ray Rice jerseys last week from store shelves following the airing of a second video from TMZ that showed the football player's violent fight with his wife in an Atlantic City casino elevator...(9/12/2014)