Zumiez Sees Strong Double-Digit Sales Declines Continuing Into 2023
Zumiez expects net sales for the three months ending April 29 to be in the range of $178 million to $184 million, which would indicated another strong double-digit decline from the $221 million in sales in the year-ago first quarter. Earnings (Loss) per share are expected to be between a loss of 85 cents and a loss of 95 cents.
JD Sports Appoints Non-Executive Director
JD Sports Fashion Plc appointed Ian Dyson as a non-executive director, effective March 9, 2023. He will join the audit and risk committee and the remuneration committee.
HanesBrands Refinances 2024 Maturities; Closes $900 Million Term Loan B Financing
HanesBrands completed the refinancing of the last remaining series of its 2024 Notes. The company closed on an upsized new Senior Secured Term Loan B Facility in an aggregate principal amount of $900 million.
Duluth Trading’s Sales Slide 11 Percent In Fourth Quarter
Duluth Holdings Inc., the parent of Duluth Trading company, reported earnings declined 57.5 percent in the fourth quarter as sales fell 10.7 percent.
Solo Brands, Inc.’s Q4 Wholesale Sales Surge Nearly 200 Percent While DTC Slips
Solo Brands, Inc., parent company of the Solo Stove, Chubbies, Oru Kayak, and Isle brands, saw net sales increase 11.8 percent to $197.2 million in the fourth quarter ended December 31, compared to $176.5 million in the fourth quarter of 2021.
Puma Appoints New GM For Sportstyle Business Unit
Puma hired Lionel Telega as general manager of the brand’s Sportstyle business effective immediately. Telega has been with the company since 2004 and, most recently, was the global director of go-to-market.
Dick’s SG Inks Deal As NCAA Official Sporting Goods Retail Partner
Dick’s Sporting Goods entered into a corporate partnership making the company the official sporting goods retail partner of the NCAA, which includes all 90 men’s and women’s championships.
NRF Sees Imports Climbing Slowly But Still Trailing 2022 Levels Through Mid-Summer
Import cargo volume at the nation’s major container ports is expected to begin slowly climbing again this month after February saw one of the lowest levels since the beginning of the pandemic, according to the recent Global Port Tracker report released by the National Retail Federation and Hackett Associates.
OrderMyGear Appoints Insider As VP Of Strategy
OrderMyGear promoted Mykayla Goodwin to VP of strategy, identifying growth opportunities and guiding company strategy through market research and strategic planning.
Adidas Extends CFO Contract; Two Global Leaders Exit The Company
The Supervisory Board of Adidas AG has extended Harm Ohlmeyer’s appointment as chief financial officer for another three years until the beginning of 2028. Adidas also announced that Arthur Hoeld would replace Roland Auschel with responsibility for global sales and the departure of Brian Grevy, who was responsible for global brands.
PVH Appoints Chief Communications Officer
PVH Corp. hired Amber McCann as EVP and chief communications officer, effective April 6, 2023, to lead PVH’s global internal and external communications strategy, reporting to Stefan Larsson, CEO of PVH Corp.
Fanatics Expands Partnership With German Football Association
Fanatics and the German Football Association (DFB) announced a long-term extension to their existing retail partnership. Fanatics now has the rights to manufacture, distribute and, where desirable, license to third parties an expanded range of DFB-branded fan merchandise.
Adidas Warns Of Annual Loss And Cuts Dividend After Kanye West Split
Adidas said on Wednesday it would slash its dividend for 2023 and again warned it could suffer its first annual loss in 30 years as it deals with the fallout from its decision to split with rapper and fashion designer Kanye West. The company posted a major loss in the fourth quarter.
Nike Shifts Leadership In Women’s Business And APLA Region
Nike reported it is transitioning Amy Montagne, currently VP/GM, APLA, to lead its women’s business as VP/GM Women’s, replacing Whitney Malkiel, who is leaving the company. Cathy Sparks, currently VPof Nike Direct, EMEA, will transition to lead its APLA geography as VP/GM, APLA.
Life Is Good Partners WIth DXL On Big And Tall Tees
Life is Good extended its sizing through an exclusive partnership with DXL Big + Tall, which uses DXL’s expertise in fit, merchandise assortment and men’s big and tall apparel.
