Outdoor Cap Hires New Rep For Hawaii And Nevada
Outdoor Cap hired Quinn Bui as its new rep for Hawaii and Nevada. With ten years of experience in the promotional product industry.
Nobull’s Chief Marketing Officer Resigns
Nobull reported that its chief marketing officer, Todd Meleney, resigned.
Walmart, Inc. Appoints New EVP, Chief Merchandising Officer
Walmart, Inc. promoted Latriece Watkins to EVP, chief merchandising officer, effective immediately. She replaces Charles Redfield, who will step down on May 1 to assume an advisory role supporting Walmart’s U.S. business.
Foot Locker Names Nike Exec To Lead WSS Banner
Foot Locker, Inc. hired Blanca Gonzalez as senior vice president and general manager of its WSS banner, effective May 15. Gonzales joins Foot Locker from Nike, Inc., where she was the vice president of North America product merchandising.
USTA Names Managing Director, Strategy And Innovation
The U.S. Tennis Association (USTA) hired Liz McSorley in the newly-created position of managing director, Strategy and Innovation. McSorley, will work from Orlando, FL, reporting to Craig Morris, USTA’s chief executive, Community Tennis.
Moncler SPA’s Q1 Sales Expand 23 Percent
Moncler S.p.A. reported sales grew 23 percent on a reported and currency-neutral basis in the first quarter with healthy double-digit growth in the DTC channel at the Moncler and Stone Island brands.
Moncler Names Stone Island CEO
Moncler Group hired Robert Triefus as CEO of the Stone Island brand, effective June 1. Moncler acquired the Italian high-end streetwear and fashion brand in 2020.
SidelineSwap Secures Investment From eBay
SidelineSwap, the online marketplace for new and used sporting goods, announced a strategic investment from eBay Ventures, the corporate venture arm of eBay, Inc., and follows an investment in November 2022 from DSG Ventures, the corporate venture arm of Dick’s Sporting Goods.
REI Chicago Employees Vote To Unionize
The Retail, Wholesale and Department Store Union (RWDSU), announced Thursday that, by an overwhelming majority vote of nearly 84 percent, workers at REI, Inc. in Chicago, IL, voted to join the RWDSU, making this the fourth unionized REI store in the country.
NSGA’s 2023 Participation Report Sees 7 Of 10 Segments Showing Growth
Analysis of the National Sporting Goods Association’s (NSGA) Sports Participation in the U.S. report revealed that seven segments increased in participation in 2022, two segments remained relatively flat and one segment decreased compared to 2021.
Delta Apparel Logs Loss On Mass Channel Destocking
Delta Apparel reported a loss in the fiscal second quarter ended April 1 as elevated inventory levels at the mass channel continue to impact its Delta Direct business. Sales declined 16.2 percent as a gain of over 16 percent at its Salt Life brand was offset by a 20.8 percent drop at its Delta Group segment.
Wilson Sporting Goods Opens First California Retail Location
Wilson Sporting Goods Co. unveiled its first retail store in California, located within the well-known Third Street Promenade shopping district in Santa Monica. Wilson has two stores in Chicago and three in Manhattan, including their SoHo flagship and stores on the Upper East Side and Columbus Circle.
Wrangler And Lee Parent Sees U.S. Sales Growth Offset By China Declines
Kontoor Brands, Inc., led by Wrangler and Lee brands divested by VF Corp., saw strength in domestic wholesale and direct-to-consumer (DTC) more than offset by decreases in International wholesale, primarily driven by the continued impacts of COVID-policy changes in China.
The Buckle Posts 10 Percent Comp Store Sales Decline For April
The Buckle, Inc. reported that comparable store net sales, for stores open at least one year, for the 4-week period ended April 29 decreased 10.2 percent from comparable store net sales for the 4-week period ended April 30, 2022.
Revolve Group Reports Lower Q1 Profits On Tighter Margins, Lower Sales
Revolve Group, Inc. reported net sales were $279.6 million in the first quarter, a year-over-year decrease of 1 percent against a very difficult prior-year comparison. Net income was $14.2 million, or 19 cents per diluted share, for the quarter, a year-over-year decrease of 37 percent.
