Tilly’s, Inc. Appoints New Chief Merchant
Tilly’s, Inc. hired Laura Janney as EFP and chief merchandising officer, effective May 8, overseeing the retailer’s buying, sourcing and product development and coordinating consistency in its in-store and online consumer merchandising experience.
Walmart’s Chief Merchandising Officer To Depart
Walmart’s Chief Merchandising Officer, Charles Redfield, is stepping down next month. The announcement came from Walmart’s U.S. CEO, John Furner, in a memo to employees dated April 14.
U.S. Retail Sales Slip 1 Percent Amid High Inflation, Rising Rates
The U.S. Census Bureau reported overall retail sales in March were down 1 percent from February but up 2.9 percent year-over-year. In February, sales were down 0.2 percent month over month but up 5.9 percent year-over-year.
Walmart Sells Bonobos To Express And WHP Global For Fraction Of Purchase Price
Express, Inc. and global brand management firm WHP Global agreed to acquire menswear brand Bonobos, Inc. from Walmart, Inc. for a combined purchase price of $75 million, the first jointly-made acquisition by WHP Global and EXPR since finalizing its partnership earlier this year.
TYR Named Exclusive Outfitter Of USA Swimming National Team
USA Swimming, the national governing body for the sport, and TYR reported expanding its partnership naming Tyr the exclusive outfitter of the National Team and the National Junior Team through December 31, 2024.
CivicScience: Nike And Target Top Athleisure Preference Of Gen-Z
Recent polling data from CivicScience found that the Gen-Z generation turned to Nike as its brand of choice for athleisure, followed by (in order) Target, Adidas, Old Navy, and Lululemon.
Carhartt To Open Distribution Center In Fort Worth
Carhartt reported it intends to open a 1.2 million square foot distribution center in Forth Worth, TX located west of the Texas Motor Speedway at 16101 Wolff Crossing. The planned opening is in 2024 and will support 500 jobs.
JD Sports Appoints General Counsel
JD Sports Fashion Plc, parent company for Finish Line, Shoe Palace and DTLR retail brands in the U.S., hired Theresa Casey as general counsel and company secretary of JD, effective immediately.
The Athlete’s Foot To Launch TAF 3.0 Concept Store
The Athlete’s Foot reported plans to open a TAF 3.0 “neighborhood” omnichannel concept store in Atlanta in late April.
NRF Report: Organized Retail Crime A Growing Threat For U.S. Retailers
Organized retail crime is a perpetual and burgeoning problem for the U.S. retail industry, and evidence suggests it is growing in scope and complexity, according to a recently released report from the National Retail Federation (NRF).
Walmart Closes Four Stores In Chicago
Walmart reported it will close four of its eight stores in Chicago after stating the stores were losing “tens of millions of dollars a year, and the retailer’s annual losses nearly doubled in just the last five years.”
Dick’s SG Signs Multi-Year Partnership With Boston Athletic Association
Dick’s Sporting Goods reported signing a multi-year agreement to be the official retail sponsor of the Boston Marathon and the Boston Athletic Association (B.A.A.) Distance Medley events ahead of opening a Dick’s House of Sport in spring 2024.
Dillard’s Debt Ratings Upgraded
S&P Global Ratings raised the debt ratings on Dillard’s Inc. as the department store chain has maintained a “stable performance and a conservative financial policy even in the volatile retail operating environment of the past year.”
Marolina Outdoor Adds Industry Veterans To Team
Marolina Outdoor, the parent company of Huk Performance Fishing and Nomad Outdoor, hired Dean Rurak as CEO and Bill Ferreira as senior vice president of sales and merchandising, effective May 1.
Yue Yuen Manufacturing Business Falls 21.3 Percent In March
Yue Yuen Industrial (Holdings) Limited, the subsidiary of Pou Chen Corporation that manufactures a large percentage of global athletic and outdoor footwear, reported that its net consolidated operating revenue for March was $696.5 million, a 10.0 percent decline versus the year-ago month.
