July 12, 2022 Gap Chief Exits as Athleta Spinoff Rumors Reappear
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. Peloton to Outsource all Manufacturing
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. Delta Apparel Expects Quarterly Sales Gain
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 Grows in June despite Retail Weakness
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). Designer Brands Adds Le Tigre 360 to Owned Brands
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. Lotto Partners with MAP Active for Southeast Asia
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. Pure Archery Group Bought by PE Firm
The Eugene, OR-based archery equipment maker is being acquired by private investment firm JDH Capital for undisclosed terms. IFit Hit with Class Action Suit Over Canceling Live Classes
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. Etcetera: Outdoor Cap, Poler Stuff, Fleet Feet
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