Fleet Feet, the largest franchisor of locally owned and operated running stores, announced that it has agreed to acquire JackRabbit, the second-largest running specialty retailer in the U.S., from affiliates of CriticalPoint Capital.
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Urban Outfitters, Inc has named former Tilly s chief merchandising officer Tricia Smith as global CEO of Anthropologie amid the news its total retail comparable net sales during the first quarter so far have increased by high single-digits on last year.Â
Asics, River Island, and Barbour are among the brands donating materials, including deadstock and unwanted fabric, to UK colleges as part of a new initiative launched by the British Fashion Council (BFC) to support fashion students in the face of the pandemic while reducing waste across the industry.
The total value of the worldâs top 50 most valuable apparel brands has declined by 8%, decreasing from US$301.9bn in 2020 to US$276.4bn in 2021 â but US sporting goods giant Nike hangs on to its top spot for the seventh consecutive year.Â