Kohl’s Debt Ratings Downgraded By Moody’s
Moody’s Investors Service downgraded Kohl’s Corp. due to the continued deterioration in credit metrics and the erosion of the retailer’s market position as it enacts a turnaround to its operating performance in 2023.
Farfetch Hires Chief Marketing Officer
Farfetch, the luxury fashion platform, hired Nick Tran as chief marketing officer. Most recently, Tran was the global head of marketing at TikTok.
JD Sports Names Global Managing Director
JD Sports promoted Michael Armstrong, formerly group buying director, to the newly created role of global managing director. Armstrong is expected to “further drive the group’s growth” and “meet its ambition to become the leading global sports-fashion powerhouse.”
Gramicci To Open First Retail Store In London
Gramicci reported plans to open a store in London’s Covent Garden next month, marking its first retail location.
Amer Sports Hires Foot Locker Veteran As CFO
Amer Sports hired Andrew Page, former CFO for Foot Locker, as Group CFO of Amer Sports and a member to its executive committee. Page reports to Board Executive Director and CEO James Zheng.
LSKD Opens First U.S. Store In San Diego, Partners With Life Time Fitness
LSKD, the Australian activewear company, opened a store in San Diego, CA, and partnered with Life Time Fitness to supply over 4,500 female employees at Life Time Fitness with co-branded activewear apparel.
Fanatics Signs Retail Partnership Deal With England’s Millwall F.C.
Fanatics reported signing a long-term multichannel retail partnership with Millwall F.C. to enhance its worldwide shopping experience.
Dick’s SG Hires New Chief Marketing Officer
Dick’s Sporting Goods’ Chief Marketing Officer Ed Plummer is retiring and will be replaced by PepsiCo’s Emily Silver.
Icebreaker Names Independent Sales Agency For The Rockies
Icebreaker tapped Ian Decker and Shondia Houtzer at Black Dog Sales Group to cover sales for the company in the Rocky Mountain region (Colorado, Utah, New Mexico, and Wyoming).
Reima Appoints New Head Of Cluster For North America
Finnish kids’ activewear brand Reima, founded in 1944, hired Marc Cutilletta as head of North America, responsible for business and operations in the U.S. and Canada.
A.k.a. Brands Sees First-Quarter Sales Top Guidance
A.k.a. Brands Holding Corp, the parent of Princess Polly, Culture Kings, mnml, and Petal & Pup., issued preliminary first-quarter results showing sales reached the high end of its previously provided outlook.
Toadfish Assets Up For Auction
Toadfish, the Charleston, SC-based lifestyle brand, is being auctioned off by Hilco Streambank, including its intellectual property, social media accounts with more than 225,000 followers, 980,000 customer files and about $1.6 million of inventory.
Anta Sports To Raise $1.5 Billion From Stock Placement
Anta Sports Products is seeking to raise HK$11.8 billion (U.S.$1.5 billion) from a stock placement to reduce debt.
China’s Economic Growth Accelerates With Consumption Boost
According to China’s National Bureau of Statistics, China’s economy grew 4.5 percent in the first quarter. The accelerated growth marked the fastest pace in a year and relieved Nike, Adidas, VF Corp., and several industry-leading vendors with heavy exposure in the world’s second-largest economy.
Vuori Taps Big Brands For Four New C-Suite Hires
Vuori has hired a chief operating officer, general counsel/corporate secretary, chief people officer and chief information officer, each with big brand experience with Yeti, Vans, Starbucks and Beachbody, respectively.
