Puma SE CEO Sees Return to Growth in the U.S. in 2024
In an interview Friday with Euro am Sonntag, the news outlet, Puma CEO Arne Freundt said he expected Puma to return to double-digit growth in China this year and return to growth in the U.S. in 2024.
Tilly’s Board Member Retires
Tilly’s Inc. announced in a regulatory filing that Bernard Zeichner retired from his position as a member of the Board of Directors, effective October 2.
Pentland Brands Appoints SVPs for Speedo, Ellesse and Canterbury
Pentland Brands appointed Simon Breckon as SVP for Speedo, Jack Richardson as SVP for Ellesse, Kickers and Mitre, and Luke Doddrell as SVP for Canterbury.
Blackcrows Opens New Storefront in Paris
French ski brand Blackcrows opened a new store and community gathering spot in Paris, France, on October 7, at 14 rue du Four.
Black Diamond Adds New Leadership to Specialty Sales and Key Accounts
Desiree Lindemann joins as director of key accounts and Roger Strong, returns to BD as director of specialty sales. Both report to Heath Christensen, VP of North American sales at Black Diamond Equipment, who rejoined the company earlier this year.
Puma North America Hires Long-Time Adidas Veteran as SVP Wholesale Sales
Puma announced the appointment of industry veteran Andrew “Rudi” Rudolph as senior vice president, wholesale of North American sales.
Report: September Mall Traffic Was Tough but Promotions Drove Some Big Gains
Placer.ai reported that the year-over-year visit gap to indoor malls and open-air shopping centers widened, following the negative foot traffic trends in the wider retail sector. The company said outlet malls continued to lag behind the other formats in year-over-year visits.
Mammut Hires U.S. Sales Director and Adds Four New Rep Groups
The company hired Vanessa Block as sales director and added Alpin Sales, Inc., Palisades Trading, Three Saints Outdoors, and The Lupine Group as sales representation in the Rockies, West Coast, Midwest and Southeast, respectively.
Castelli Parent Takes 70 Percent Stake in Zoot
MVC Group, which produces outdoor and cycling clothing under the Castelli, Karpos and Sportful brands, has acquired a 70 percent stake of San Diego-based triathlon brand Zoot.
Shein Appoints Vice Chairman
Shein appointed Marcelo Claure, a current Shein investor, as group vice chairman. In this new role, Claure will help accelerate strategic growth initiatives across all global markets where the Chinese fast-fashion giant has customers.
Arrive Recommerce Appoints VP of Sales
Mariana DiMartino comes to the technology company powering Returns to Recommerce with more than two decades of retail and technology experience leadinglgrowth and strategy teams.
NRF Economist Says U.S. Economy Still Shows Resilience
The U.S. economy continues to grow despite U.S. labor disputes and the uncertainty created by Congress, adding to the ongoing challenges of inflation and high interest rates, NRF Chief Economist Jack Kleinhenz said.
Adobe Sees Online Holiday Sales Climbing 4.8 Percent With Record Discounts
U.S. online holiday sales from November to December 2023 will rise 4.8 percent year-over-year (YoY) to $221.8 billion, marked by retailers offering deep discounts and increased online shopping spend, according to Adobe’s forecast.
Levi’s Q2 Impacted By U.S. Wholesale Weakness, Beyond Yoga Impairment Charge
Levi Strauss & Co. said it expects earnings for its fiscal year ended November 30 to come in at the low end of prior guidance while citing continued weakness within the U.S. wholesale channel. The company also absorbed an impairment charge of $90.2 million related to its 2021 acquisition of Beyond Yoga.
Black Diamond Parent Retains Advisor to Assess Ammo Biz Acquisition Offers
The move comes in response to the previously disclosed non-binding indication of interest received from Warren B. Kanders, the company’s executive chairman, to acquire the company’s Precision Sport segment.
