EXEC: KMD Saw Holiday Turnaround for Rip Curl; DTC Gives Lift to All Brands
EXEC: Puma SE Shares Fall Over 20 Percent on Analyst and Investor Concerns
EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program
EXEC: REI Names Mary Beth Laughton as Next CEO as Eric Artz Plans Exit
EXEC: VF Corp. Confirms New Global Cuts; Analysts React to ICR Presentation
SGB Update
Bass Pro Shops To Open Outdoor Superstore in Mississippi
The new 75,000-square-foot outdoor superstore is scheduled to open in 2027 along the I-10 corridor in Biloxi, MS. This will be the first Outdoor Superstore for Bass Pro Shops in southern Mississippi.
Beyond Yoga Parent Appoints Sephora CEO to Board of Directors
The parent to the Beyond Yoga active lifestyle brand also appointed Artemis Patrick to serve as a member of the board’s Audit and Nominating, Governance and Corporate Citizenship Committees, effective March 1.
Jogology Adds Indie Sales Rep for Northeast
Cole Crosby joins the company as an independent rep with a decade of experience working with brands and retailers in the run specialty channel. His territory for Jogology includes Massachusetts, Maine, Rhode Island, Connecticut, Vermont, New Hampshire, and New York.
Saks Fifth Avenue Enters Franchise Agreement to Open Store in India
The New York City-based luxury retailer, has entered into a franchise agreement for the Indian market with retail giant Reliance Retail. As part of the agreement, Reliance Retail will expand Saks Fifth Avenue’s operations nationwide.
Gymshark’s New Permanent Dubai Mall Store is First Outside UK
The Dubai Mall is the second largest mall in the world by total land area, and over 54 million shoppers visit the center every year. Gymshark also plans to open a permanent flagship in New York City in 2025.
SGB Executive
EXEC: KMD Saw Holiday Turnaround for Rip Curl; DTC Gives Lift to All Brands
The company said in its preliminary report that the total sales result was driven by improving trends in the direct-to-consumer channel for all brands. Wholesale sales have taken longer to recover and continue to decline year-over-year.
EXEC: Brendan Hoffman Takes Helm at Vince Holding Corp. Through New Venture
The new venture, P180, was Co-Founded by Christine Hunsicker, founder and CEO of CaaStle, Inc., and Brendan Hoffman, the former CEO of Wolverine Worldwide, Vince, Bon Ton, Lord & Taylor, and other luxury retail brands.
EXEC: Puma SE Shares Fall Over 20 Percent on Analyst and Investor Concerns
Puma SE shares opened 16 percent lower in Europe on Thursday morning, January 23, after the company’s pre-announcement of 2024 fourth quarter and full-year results caused a stir overnight.
EXEC: ISPO Group Shuffles Show Leadership After Tobias Gröber Sets Departure
The ISPO Group expects limited disruption as Exhibition Director Lena Haushofer and her team assume Gröber’s responsibilities, with Christoph Rapp, head of Sales and Marketing, and Saskia Rettenbacher, head of Event Management.
EXEC: Puma Comes Up Short on 2024 Bottom Line; Sets Cost-Cutting Program
For the foruth quarter, Puma reported that preliminary sales increased 15.5 percent on a reported basis to €2.29 billion. The company saw sales growth of 9.8 percent on a currency-adjusted (ca) basis for the quarter.
