PGA Tour Superstore to Open Location in Greater Richmond Area
PGA Tour Superstore reported it plans to open a store in early 2024 in Glen Allen, VA, its first in the greater Richmond market, at Colonnades West, on the corner of Cox Road and West Broad Street.
Survey Finds 92 Percent of Consumers Cut Spending This Year; Apparel Tops Cuts
A recent CNBC-Morning Consult survey found that 92 percent of U.S. adults reduced their spending over the past six months, and the majority expect to remain frugal through the 2023 holiday shopping season.
Nike Rise Store to Open in Birmingham, England
Nike plans to open a Nike Rise concept store in Birmingham, its second to open in the U.K. and the first outside of London, according to Hammerson, the British property development and investment company that owns Bullring.
Alpha Industries Hires Director of Marketing
Samantha Goretski’s background includes working for Nike and New Balance and seven years with Vans in California and Switzerland as brand marketing director, overseeing its EMEA region’s lifestyle and action sports categories.
Gartner Survey Points to Softer Holiday Spending
According to a survey of 302 consumers conducted in June by Gartner, Inc., only nine percent of respondents said they plan to spend more this holiday season than in 2022, with 28 percent saying they will spend less and 63 percent saying they would spend the same.
EXEC: Academy Sports CEO Talks Expansion Strategy Focused on Profitability
Speaking at Wells Fargo’s Sixth Annual Consumer Conference, Academy Sports and Outdoors officials discussed the retail chain’s competitive advantages and how it reworked its expansion strategy while rolling out an aggressive strategy.
Nordstrom Adds Board Member
Nordstrom, Inc. appointed Guy B. Persaud to its Board of Directors, effective immediately. Persaud is president of the new business unit at Procter & Gamble.
Fieldsheer Appoints Midwest RSM for Mobile Warming Brand
Travis Mayne is responsible for handling territory account management, developing go-to-market strategies and increasing sales in commercial and consumer markets.
Norrøna Selects Boston for New U.S. Concept Shop
Norrøna reported it will open a 2,637-square-foot concept shop on Boston’s Newbury Street in Spring 2024. The company said the move signifies the sustainable growth the family-owned Norwegian manufacturer of apparel and gear has achieved in the U.S.
AGM Names Director of Membership & Education
The Association of Golf Merchandisers appointed Justine Gray as director of membership and education.
JD Sports Posts Double-Digit H1 Growth in N.A. with DTLR, Finish Line, JD and Shoe Palace
U.K.-based JD Sports Fashion reported total revenue of £4.78 billion ($5.91 billion) for the first half of its fiscal year ended July 29, up 8.3 percent year-over-year. JD said organic growth in its North America business was up 15 percent with the three largest segments—Finish Line/JD, DTLR and Shoe Palace—delivering between 13 percent and 17 percent organic sales growth.
Apparel Group Inks Multi-Brand Licensing Deal with Marquee Brands LLC
The multi-brand licensing agreement encompasses licensing for five of Marquee’s signature brands, namely BCBG, Ben Sherman, Bruno Magli, Sur la table, and Martha Stewart across the regions of GCC and India.
Nordstrom Sets Plans for More Rack Locations in Ohio
With the addition of this new location in Mason, OH and a location opening in Macedonia, OH in spring 2024, Nordstrom will operate eight Nordstrom Rack stores and three Nordstrom stores in Ohio. The store is scheduled to open in fall 2024.
Adidas Opens New Fully Automated Distribution Center in China
The fully automated warehousing and distribution center in Suzhou, China, covering an area of 139,000 square meters, is said to “set a new industry standard with its high degree of speed and flexibility in warehousing logistics.”
MycoWorks Opens New South Carolina Factory
MycoWorks, a company developing a fungal-based biomaterial that it said could replace leather, began production at its new manufacturing facility in Union, SC. The San Francisco-based biomaterials start-up said its now set to grow millions of square feet of its leather-alternative material produced with the company’s proprietary technology, Fine Mycelium.
