Floodgates for the Sports Direct brand are about to open with the retailer heading for a “huge push” into Europe. The brand aims to open flagship stores in “all” capital cities in Europe as part of a five-year plan.
The owner of Tommy Hilfiger and Calvin Klein is focusing on its flagship labels and has sold its heritage brands for $220 million, in a deal that has made Authentic Brands (ABG) a specialist in formal American menswear.
Originally planned for August, the trade shows have been postponed to fall, with the Portland edition now set to run September 29 through 30, while the Boston event will take place October 4 through 5.
This week, following in the footsteps of mighty conglomerates like LVMH and Kering, New Guards launched its own eyewear division, spearheaded by Francesco Ragazzi, the creative director and founder of Palm Angels.
Under Armour shareholders may pursue a lawsuit accusing the sports apparel company of concealing how it pulled sales forward from future quarters to meet Wall Street revenue forecasts, a federal judge ruled on Tuesday.
Under Armour Inc raised its expectations for annual profit and sales on Tuesday, after reporting a 35% jump in revenue as the reopening of economies in the US and Asia fueled demand for its sports shoes and apparel.
The sportswear company has revealed that the plans for its new global headquarters in Port Covington, Baltimore, have been “reimagined for a post-Covid environment” with multi-functional spaces for hybrid work practises.
April 12 sees the opening of McArthurGlen’s latest outlet centre with the debut of the £160m Designer Outlet West Midlands. The company said it’s the only standalone shopping centre to open in the UK this year.