Kohl’s Expands Board of Directors to 13 Members with Latest Appointment
Wendy C. Arlin, who, most recently, was the CFO for Bath & Body Works, Inc., reportedly brings more than three decades of experience in corporate finance, financial reporting, oversight and accounting, with deep expertise in the consumer industry.
Frasers Group Acquires Matches
Frasers Group, the parent of Sports Direct, agreed to acquire luxury e-tailer Matchesfashion, recently renamed Matches, for £52 million ($63 million).
Woolrich Appoints Creative Director, Woolrich Black Label
Woolrich named Todd Snyder, founder of Todd Snyder New York, as creative director of its new Woolrich Black Label collection.
Canada Goose Appoints Co-President; Shuffles Other Executive Roles
Canada Goose appointed Beth Clymer to the newly created role of president, finance, strategy and administration, effective January 8, 2024. Clymer will oversee finance, people and culture, corporate strategy, and legal matters with those who drive these functions.
Vuori Appoints Chief Marketing Officer
Vuori hired Karen Riley-Grant, previously at Levi Strauss & Co., as chief marketing officer, effective January 22.
Delta Apparel Settles with Activist Investor
Delta Apparel, Inc. agreed to appoint Timothy Brog as a new independent director to its board in a move that avoids a proxy battle with Forager Capital Management, an Alabama-based hedge fund management firm.
EXEC: Rip Curl and Oboz See Trailing 4-Month Sales Down Despite Solid Black Friday
Group sales were reportedly down 12.5 percent year-over-year for the four-month fiscal year-to-date period, reflecting “ongoing weakness in consumer sentiment.” Wholesale sales were disappointing for Rip Curl and Oboz brands.
PrimaLoft Promotes Cavassa to CEO, Joyce to Retire
Compass Diversified appointed Anne Cavassa as CEO of its subsidiary, PrimaLoft Inc., effective January 1, 2024. This move follows Cavassa’s recent appointment as president and as former president and CEO, Mike Joyce, steps into retirement at year end.
RW Designs Acquired by Platinum Equity
Rainbow West Apparel (RW Designs), a private label house, was acquired by Platinum Equity portfolio company Hop Lun, a Hong Kong-based designer and manufacturer of undergarments and swimwear.
SFIA names Chief Operating Officer
The Sports & Fitness Industry Association hired Glenn Horine as chief operating officer, effective January 1, 2024, reporting to SFIA president and CEO Tom Cove.
Study: Retailers See Big Online Sales Declines After Closing Brick & Mortar
ICSC found that closing a store reduced online sales in the trade area surrounding that store by 11.5 percent. For emerging retailers, there was reportedly less of an impact, as online sales for largely DTC brands that closed a store decreased by 5.2 percent.
Asics Sells Haglöfs to PE Firm
Asics reported that it sold Swedish outdoor brand Haglöfs AB to the Hong Kong fund LionRock Capital, which acquired 100 percent interest in the company. Terms were not disclosed.
Nordstrom Rack to Open Store in Omaha
Nordstrom announced plans to open a new Nordstrom Rack in Omaha, NB in fall 2024, representing the company’s first store of any kind in Nebraska.
Gildan Investor Wildfire Spreads as More Firms Join the Call to Reinstate CEO
Anson Funds and Anson Advisors is the latest to express disappointment with the Gildan Board and voiced concerns over the Board striking a backroom deal with an Individual shareholder in exchange for support rather than engaging with investors troubled by poor succession planning.
Study: The Retailers Getting the Most Online Benefit from New Stores
According to the analysis of the ICSC’s survey of 850 shoppers, department stores had a 50.6 percent increase in online spending, followed by apparel retailers with an 11.6 percent increase in e-commerce sales.
