Apparel Retail
Dick’s shares fall 20% as retailer slashes outlook over theft concerns
Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods reported a 23% drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft and slow sales in its outdoor category, […]
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The ‘internet’s favorite underwear’ goes mainstream: Gen Z brand Parade agrees to be bought
Privately owned Ariela & Associates International has agreed to buy Parade, the VC-backed intimates startup that created “the internet’s favorite underwear,” CNBC has learned. The deal brings Parade’s relevance, digital savviness and loyal customer base to Ariela, a Fruit of the Loom licensee that’s been a longtime player and manufacturer in the intimates space. In […]
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Hanesbrands faces pressure from activist Barington Capital Group, which wants to see costs and debt cut
A customer at a Target store in Chicago, Illinois shops for Hanes underwear Tannen Maury | Bloomberg | Getty Images Activist investment firm Barington Capital Group is pressuring Hanesbrands to reduce its costs, generate cash and perhaps pick a new CEO as the apparel maker’s market cap shrinks, the firm announced Tuesday. In a Monday […]
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Secondhand luxury watch prices slump to near two-year low after a pandemic run
A tray of Rolex watches are seen on a dealer’s stand at the London Watch Show on March 19, 2022 in London, England. Leon Neal | Getty Images Prices for luxury watches are near a two-year low on the secondhand market, reversing a rally that brought timepieces like Rolex, Patek Philippe and Audemars Piguet to […]
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Sports drink entrepreneur Mike Repole takes majority stake in sneaker brand Nobull
Nobull is a training brand founded in 2015 by former Reebok executives Marcus Wilson and Michael Schaeffer. Source: Nobull The man who turned Vitaminwater and BodyArmor into household beverage names is turning his attention to the sneaker industry. Mike Repole’s private equity firm will buy a majority stake in the company Nobull, he told CNBC […]
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Fanatics to launch live events business as it seeks to create a sports version of Comic-Con
Pavlo Gonchar | Lightrocket | Getty Images Fanatics will launch a new live events business that will look to recreate the Comic-Con experience for sports collectibles, the company said Thursday. The new venture, called Fanatics Events, will be a partnership with events and talent management giant IMG, which is part of Endeavor. Fanatics will be […]
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From ‘Barbie’ to Formula 1, Tag Heuer is making its mark on the luxury watch market
Tag Heuer is riding a wave of marketing successes and new launches to grow its market share in the luxury watch world, according to its CEO. The company, which is owned by LVMH, opened a flagship boutique on Manhattan’s Fifth Avenue on Wednesday as part of a rapid expansion in the U.S. It plans to […]
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China’s Shein denies U.S. IPO rumors
Two folks hold two Shein bags just after coming into SHEIN’s to start with physical retailer in Madrid, Spain, June 2, 2022. Cezaro De Luca | Europa Push | Getty Visuals Chinese rapid style large Shein on Friday denied a Reuters report that reported it has confidentially filed for an first public presenting in the […]
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Nike’s method to resolving the biggest challenge for women in sports activities
Portland Press Herald | Portland Press Herald | Getty Images In new decades, information from sports activities researchers discovered an encouraging pattern: young girls have been taking part in sports activities in increased numbers. But the investigation also uncovered a large missed chance. Ladies fall out of sports activities at “alarming charges,” particularly when they […]
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Bonobos co-founder Andy Dunn returns as brand advisor after Walmart sale
A Bonobos ‘guideshop’ stands in lower Manhattan on April 18, 2017 in New York City. Getty Images Bonobos co-founder Andy Dunn is returning to the retailer as brand advisor as the company looks to get back to its roots after it was sold by Walmart earlier this year, Bonobos and new parent company WHP Global […]
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