Macy’s Launches Mode of One Contemporary Menswear Brand
The Mode of One collection has over 140 SKUs, designed to be mixed and matched in sizes from S-XXL and 30-40. New monthly drops for Mode of One will start in October and run throughout the holiday season.
Report: Second Quarter U.S. E-commerce Sales Outpaced Total Retail Trend
The Census Bureau of the Department of Commerce reported that the second quarter of 2024 e-commerce estimate increased 6.7 percent (±1.2) from the second quarter of 2023, while total retail sales increased 2.1 percent (±0.4) in the same period.
Terez Launches Partnership and Collection with the NBA
The activewear and ready-to-wear company for women and girls will launch a collection for the 2024/25 NBA season on October 11 for the female demographic.
Delta Galil Industries Appoints New CFO
Yaniv Benedek brings global experience across due diligence, mergers and acquisitions, strategic business development, and the establishment of new business initiatives to his new role.
Ross Stores Inc. Makes Merchandising Leadership Changes
Karen Fleming was promoted to president and chief merchandising officer at Ross Dress for Less and Karen Sykes was promoted to president and chief merchandising officer at DD’s Discounts, with both moves effective December 1.
EXEC: Academy Shares Get Lift as Positive Comps Returned in August
With some major negative events behind it, Academy looks to new store growth as the primary sales driver. The stores opened in 2022 are all comping postive despite the challenging economic backdrop and remain pleased with the 2023 and 2024 new stores.
Hockey: Faster Than Ever to Open at The Henry Ford
Hockey: Faster Than Ever, an interactive traveling exhibition on ice hockey’s science, history and culture, will open at The Henry Ford on October 13 through January 5.
Gold’s Gym Builds Out Existing Markets with Summer 2024 New Gym Openings
By the end of 2024, Gold’s will have opened eight new U.S. gyms, including in Milpitas, CA; Thornton, CO; Silver Spring, MD; and New Bern, NC. The brand also has franchise agreements to grow in Long Island, NY; Miami, Fl; and San Jose, CA.
EXEC: Backcountry Sold as TSG Closes Deal with CSC Generation Enterprise
CSC acquired the company from TSG Consumer Partners, which acquired the business in July 2015. CSC also owns the Sur La Table, One Kings Lane, Touch of Modern, DirectBuy retail brands, in addition to others.
Nate Smith Named CEO of Huk and Nomad Outdoor Parent
Smith brings 20 years of executive leadership experience working for consumer-branded omnichannel organizations in apparel, footwear and accessories. He has held senior executive roles at Patagonia and Oakley and, most recently, was president at Boardriders,
Academy Sports and Outdoors Cuts Guidance After Dismal Q2 Results
Sales for the second quarter were said to be more challenging than expected, impacted by a tough economy, a temporary DC backlog related to going live with a new warehouse management system and by a very active storm season across key portions of the retailer’s footprint.
Reebok Adds Julian Edelman As Brand Athlete
Former pro football wide receiver, three-time champ and one-time championship MVP joins Reebok “to Inspire the next-generation of athletes.”
Under Armour Cuts Guidance on Expanded Restructuring Cost Expectations
The company has identified approx. $70 million of additional charges, largely related to the decision to exit one of its primary distribution facilities located in Rialto, CA on top of the $70 million to $90 million already planned in connection with its Fiscal 2025 restructuring plan.
Dovetail Workwear Hires VP Marketing; Promotes Co-Founder to VP of Product
Dovetail Workwear has hired Linda Reese as VP of marketing and promoted co-founder Sara DeLuca to VP of product. Collaboratively, Reese and DeLuca will reportedly “strengthen alignment across product and marketing strategies.”
Are We Headed for More Inventory Overhang as Retailers Bring Goods in Early?
If the forecasts prove correct, 2024 will have seen a seven-month stretch of import levels at or above 2 million TEU, the longest since a 19-month stretch through September 2022, as retailers pull shipments forward for fear of a port strike.
