January 09, 2020 Pentland Acquires Speedo for North America
PVH has agreed to sell the North American and Caribbean business, including the trademark rights which it held in perpetuity, for $170 million in cash, uniting the Speedo brand globally under a single owner just prior to the Tokyo Olympics when the brand gets by far its most important exposure. Target Rolls Out All in Motion Activewear Line
The new apparel brand was developed in-house by Target’s designers, and launches later this month, replacing C9 by Champion in the mass merchant’s 1,800-plus stores and online. Trade Deal with China Set for Signing Next Week
Although the details remain obscure, China finally confirmed that it will send a delegation to Washington next week to sign the Phase One trade deal between the two countries. Sportsman’s Warehouse Cuts Guidance on Weak Holiday
A competitive and discount-driven firearms and ammunition market along with the shorter Holiday selling season hurt store traffic more that expected, and SPWH now forecasts Q4 comps to be -6% to -7% with total sales in the range of $250 to $254 million. Lululemon Taps Nike Vet as Chief Brand Officer
Nikki Neuburger, a 14-year Eager Beaverton whose career there culminated as global vice president of Nike Running, joins LULU as chief brand officer, a newly created position. Etcetera: Fanatics, Under Armour, Varsity Brands, H&M, Adidas, Brooks
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