Macy’s Plans to Open Up to 30 Small-Format Stores Through 2025
Macy’s, Inc. reported plans to open up to 30 new small-format stores starting in 2024 and running through fall 2025; this is in addition to the 15 small-format Macy’s and Bloomie’s stores the retailer will operate by the end of 2023.
Academy Sports + Outdoors Opens Second VA Store
The 77,000-square-foot space in Fredericksburg, VA marks the sixth store Academy has opened in 2023 on its was to its goal of opening 120 to 140 new stores by the end of 2027.
Fanatics Inks CLC Deal to Sell Licensed U.S. College Gear Worldwide
The company signed a long-term agreement with U.S. collegiate licensing company CLC to sell licensed fan gear from U.S. colleges to international college sports enthusiasts through its online sites.
Under Armour to Open First Store in Northern Ireland
Under Armour is opening its first store in Northern Ireland in November with a 2,600-square-foot location at The Boulevard in Banbridge.
Pas Normal Studios Adding Singapore and Munich Flagship Stores
Danish cycling apparel powerhouse added a store in San Francisco this past spring and another store opening recently took place in the heart of Munich, while a new flagship store opened in Singapore over the weekend.
EXEC: Wall Street Lukewarm on Nike’s Fiscal Q1 Results
Nike’s shares rose 6.7 percent on Friday after the company reported earnings in the fiscal first quarter ended August 31 handily topped expectations on stronger-than-expected margins, but many analysts were non-plussed, remaining concerned about sluggish growth trends, particularly in the North American wholesale channel.
Salt Life is Subject of Unsolicited Acquisition Offer
The company said there can be no assurances as to the timing, terms or structure of a potential transaction or that a transaction will consummate.
Hestra Gloves Appoints Former Thule Group CEO to Board
Magnus Welander is joining Hestra Gloves’ Board of Directors following 14 years as CEO of the Thule Group. He is also the Board Chair at helmet technology company Mips.
Dainese Group Appoints New CEO
The owner of the Dainese, AGV and TCX motorcycle apparel, helmet, and boot brands and licensee for Momo Design, appointed Angel Sánchez as CEO, effective November 2. Cristiano Silei, CEO of Dainese since 2015, will become non-executive chairman of the company.
Outdoor Research Hires Senior VP of Product
Felix Del Toro brings 30 years of apparel and product experience to OR from roles at Athleta, Lululemon and a range of industry brands.
Bloomie’s by Bloomingdale’s Set to Open in Seattle, WA
The smaller store concept by Bloomingdale’s, said to provide a “casual, contemporary, and highly curated experience for shoppers,” will be the third Bloomie’s location to open, with the other stores in Fairfax, VA and Skokie, IL.
Signa Sports to Delist Shares, Terminate SEC Reporting; Appoints New CEO
Signa Sports United N.V. reported an acceleration of its strategic realignment and performance enhancement program in light of continuing macroeconomic headwinds, oversupply in the market and the company’s severe liquidity and profitability challenges. In connection with the strategic realignment, the company is delisting its shares from the NYSE and terminating its SEC reporting requirements.
SGB Media Reports Most Read Articles, Key Metrics for September 2023
SGB Media reported its Top 20 most-read articles, and the coverage included many of the usual big brands and a few companies that have been silent of late. The Top 5 included articles about Sportsman’s Warehouse, West Marine, Dick’s Sporting Goods, Amer Sports, and Asics Corp., with Academy, Champion and Nike seeing high readership.
RealReal’s CFO to Step Down
The RealReal announced that Robert Julian will step down as chief financial officer, effective January 31, 2024, or when the company finds his replacement.
Report: Vuori Exploring IPO
Vuori, the Southern California-inspired activewear brand, is talking to investment banks about a potential initial public offering by the middle of next year.
