Galvin Green Appoints Global Sales Director
Premium hi-tech golf apparel brand has appointed experienced corporate executive Per Ågren to a new position as its global sales director.
Columbia Sportswear Names SVP, Global Distribution Network
Columbia Sportswear Company hired Tom Gyles as SVP, global distribution network. He formerly worked for PVH and Gap, Inc.
Westcliff University Partners with Nike/BSN Sports
Westcliff University, based in Irvine, CA, entered into a five-year partnership with Nike through BSN Sports.
Ben Sherman Inks License Agreement with BSI Apparel
Ben Sherman announced a new licensing agreement with U.K.-based BSI Apparel Limited, a subsidiary of Broadgate1960, the parent company of Crew Clothing Company, Saltrock Surfwear and Pringle of Scotland.
EXEC: Vipshop Sees Q2 Earnings Jump as Key Site Metrics Point Higher
The online discount retailer for brands in China, including many U.S. active lifestyle brands, reported total net revenues for Q2 increased 13.6 percent year-over-year to RMB27.9 billion (US$3.8 billion).
Study Names Top Product Placement Brands in Movies and TV
Nike, Adidas, Ray-Ban, Converse and Under Armour ranked as the top-five clothing and accessories brands featured as product placement in films, according to a recent study from U.K.-based Merchant Marine.
Dick’s SG Opens Nine New House of Sports Locations
Dick’s Sporting Goods continues to expand the House of Sport brand and format with nine new locations celebrating grand openings in July and August.
Report: Adidas Exploring Bata India Partnership
Footwear manufacturer Bata India is negotiating with Adidas for a strategic partnership for the Indian market, according to a report from CNBC-TV18, with the talks likely to advance.
EXEC: Super Retail Group Posts Solid Year But H2 Trends Cut Into H1 Gains
Sales for fiscal 2023 rose 7 percent to A$3.80 billion. Adjusted for the 53rd week in fiscal 2022, sales were up 9 percent for the year. Comp-store sales were up 8 percent for the 12-month period ended June 30.
The Buckle’s Q2 Profits Slide 9 Percent
Profits at The Buckle, Inc. fell 9 percent in the second quarter ended July 29 as sales sagged 3.2 percent.
Farfetch Revenues Tick Down in Q2 as In-Store Decline Offsets Digital Gains
Consolidated total revenue decreased 1.3 percent year-over-year to $572.1 million in second quarter, with an in-store decline offsetting 10.2 percent growth in Digital Platform revenues.
EXEC: Walmart’s Robust Q2 Delivers Upbeat Signal for Retail’s Recovery
Walmart, Inc. lifted its outlook for the year after reporting second-quarter results that handily topped guidance due to strength in the grocery but also a better-than-expected performance in general merchandise. The strong results were a relief for the retail sector following sluggish sales reports from Target and Home Depot although Walmart’s CEO Doug McMillon told analysts household budgets remain under pressure.
Ross Stores Swings to Positive Q2 Comp Store Sales Trend; EPS Increases
Comparable store sales were up 5 percent, partially reversing the 7 percent comp store sales decline in the second quarter of 2022.
U.S. Jobless Claims Fall As Economy Chugs Along
In the week ending August 12, the advance figure for seasonally-adjusted initial claims declined 11,000 to 239,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 248,000 to 250,000.
Walmart Makes Leadership Changes Across Operating Segments
Walmart announced several leadership changes to its core operating units. Judith McKenna, president and CEO of Walmart International, announced her retirement. She will be succeeded by Kath McLay. Chris Nicholas becomes president and CEO of Sam’s Club U.S., and Kieran Shanahan, EVP and chief operating officer of Walmart U.S.
