Pacsun Announces Leadership Transition
Pacsun reported a leadership transition in which Brie Olson, Pacsun president and Board member, will be appointed co-chief executive officer with Co-CEO Mike Relich, effective March 9, 2023. Alfred Chang will step down after 17 years with the company to join Fear of God, a Pacsun brand partner, as CEO.
Foot Locker Reports Executive Exit, Job Cuts, Sidestep Wind Down
Foot Locker, in a regulatory filing, announced that Andrew Gray, EVP, Global Lockers and Champs Sports, had left the company, effective January 23. The company decided to wind down its Sidestep banner in Europe and eliminate some corporate and support roles.
Vuori Becomes Apparel Partner For Exos
Exos, the coaching and corporate wellness company, signed a deal with Vuori making it the brand’s exclusive performance apparel partner.
Sport Chek To Close Store In Edmonton City Centre Mall
Sport Chek is closing its location at the Edmonton City Centre Mall, according to the Edmonton Journal.
Tractor Supply Q4 Sales Up 20.7 Percent; Comps Up 8.6 Percent
Tractor Supply company reported that net sales for the fourth quarter of 2022 increased 20.7 percent to $4.01 billion for the period ended December 31 from $3.32 billion in the fourth quarter of 2021.
The RealReal Names CEO And Board Member
The RealReal, Inc., the largest online marketplace for authenticated, resale luxury goods, announced that John E. Koryl would join the company as CEO and a member of its Board of Directors, effective February 6, 2023.
Kohl’s Eliminates 60 Headquarter Positions
Kohl’s Corp. reported Wednesday that it is eliminating 60 positions in the marketing and merchandising departments at its headquarters in Menomonee Falls, WI.
L.L. Bean To Renovate Freeport Flagship And Campus
L.L. Bean announced plans to renovate its flagship store and the retail campus in Freeport, ME, as part of a more than $50 million project.
Report: Kohl’s Close To Naming New CEO
Kohl’s Corp. is in late-stage talks to name Tom Kingsbury as CEO, the New York Times reported on Wednesday, citing two spokespersons familiar with the conversation.
Golf Equipment And Apparel Retail Sales Reported To Surpass $20 Billion In 2021
The World Golf Report 2023, a study from Golf Datatech and Yano Research Institute, found that the worldwide golf equipment and apparel market grew over the pandemic to reach $20 billion, encompassing the $11.1 billion equipment and the $8.9 billion apparel sectors, respectively.
Levi Strauss Q4 Earnings Top Wall Street Expectations
Levi Strauss reported earnings in the fiscal fourth quarter ended November 27 that exceeded Wall Street’s estimates while delivering an upbeat sales outlook for fiscal 2023.
PVH Names President Of Calvin Klein Americas
PVH Corp. hired Donald Kohler as president, Calvin Klein Americas. Over the past 15 years, Kohler has led the Americas region for global brands, including Burberry, Salvatore Ferragamo and Diesel.
Gymshark Cuts U.S. Staff; Plans To Cease Most U.S. Operations
Gymshark, the U.K.-based athleisure brand, plans to cease most of its U.S. operations at its headquarters in Denver, CO. The move will result in the layoff of approximately 65 employees.
ICSC: 2022 Holiday Sales Miss Forecasts On Promotional Pressures
The ICSC (International Council Of Shopping Centers) found holiday sales jumped 5.2 percent year over year, falling short of its forecast. ICSC’s survey found 43 percent of U.S. consumers indicating that low prices or good promotions were key motivating factors in where they shopped, significantly ahead of 33 percent in 2021.
Spyder Launches Rental Service
Spyder launched a skiwear rental program to improve the customer experience and in response to new consumption trends.
