July 12, 2022
GPS president and CEO Sonia Syngal is out of the top job following a brief transition, the retailer announced, handing the reins over to board executive chairman Bob Martin on an interim basis.
Pivoting hard from its pandemic strategy of acquiring manufacturing capacity in Taiwan and the U.S., PTON has now decided to partner exclusively with Rexon Industrial Corp. to produce its Bikes and Treads.
DLA expects a top line of about $126 million for its fiscal third quarter ended July 2, a 6% increase over the prior year and a mid-single-digit improvement over pre-pandemic ’19, according to preliminary results.
Yue Yuen’s June revenues increased 6% to $834,507,000 from $787,718,000 last year, but its Pou Sheng Chinese retail operation continues to founder, falling 15% in local currency to RMB 1,651,214,000 ($245.5 mm).
The DSW parent will invest in and enter a licensing agreement with Le Tigre 360 Global, the American apparel brand known for its classic polo shirt, as it aims to double Owned brands sales from 19% of total sales in ’21 to 29% by ’26.
WHP Global has announced a partnership with MAP Active for Lotto, where MAPA will serve as regional partner across Southeast Asia to grow the brand’s apparel, footwear and accessories business there.
The Eugene, OR-based archery equipment maker is being acquired by private investment firm JDH Capital for undisclosed terms.
Kurt Larsen is suing iFit Health & Fitness in a proposed class action filed in NJ district court on behalf of NordicTrack bike or treadmill consumers who were left high and dry after the exercise maker cancelled all live classes offered through its iFIT software.