Skechers Appoints New Managing Director For UK And Ireland Market
Skechers promoted Richard Parker to managing director of the United Kingdom and Ireland. Former Managing Director, Peter Youell, transitioned into an advisor role on special and key international projects.
On Revises Regional Reporting Structure, Eliminates “Rest Of World” Region
Swiss performance sportswear brand On will update its reporting of net sales by geography. Specifically, the “Rest of World” region, which represented Middle East, Africa and Latin America in previous reporting, will no longer be reported as a geographic location.
Big 5 Sees First-Quarter Earnings Decline, Forecasts Weak Q2
Big 5 Sporting Goods Corp. reported a sharp decline in earnings in the first quarter ended April 1 on a 7.1 percent same-store decline with cold weather slowing the start of spring selling. Earnings came in line with guidance due to tight expense controls. Big 5 predicted another steep decline in the second quarter with comps expected to be down in the high single-digit range.
Francesca’s Acquires Los Angeles Lifestyle Brand Richer Poorer
Francesca’s Acquisition, LLC, the parent of Francesca’s and Franki by Francesca’s women’s and girls apparel chains, reported the asset purchase of California-based wardrobe essentials brand Richer Poorer.
END. Names Chief Buying And Merchandising Officer
END., the Newcastle, London-based luxury, streetwear and sportswear retailer, hired Lea Cranfield, formerly at Yoox Net-A-Porter Group (YNAP), as chief buying and merchandising officer.
B. Riley Securities Adds Three Key Hires Covering Retail And Outdoor/Active Lifestyle
B. Riley Securities, a middle market investment bank and a subsidiary of B. Riley Financial, reported it made strategic hires across Consumer Industries.
Shoe City Auction To Be Held May 15
Baltimore-based ESCO, Ltd., doing business as Shoe City, received bankruptcy court approval to auction off store leases and Intellectual property with a May 12 deadline to submit qualified bids and an auction to be held May 15.
Iconic Ski Shop Founder Willi Klein Passes Away
Willi Klein, the founder and owner of Willis Ski and Snowboard Shops in Pittsburgh, PA, passed away after celebrating his 90th birthday.
Bass Pro Shops To Open Store In St. Louis Area
Bass Pro Shops will celebrate the official grand opening of its new Bass Pro Shops Outdoor World in Sunset Hills, MO, with a special Evening for Conservation on May 3.
Rally House Opens Seventh Store In Oklahoma
Rally House reportedly opened a store in Broken Arrow, OK, its seventh storefront in the state for the national sports and merchandise retailer.
Black Diamond Parent Sees Q1 Revenues Decline 14 Percent
Clarus Corp. reported sales declined 14 percent in the first quarter as a small gain at Black Diamond was offset by an 18 percent drop in ammunition sales due to ongoing supply chain challenges as well as continuing weakness in its Adventure segment. Earnings on an adjusted basis were down 53.4 percent.
Anthropologie Group Appoints Three To New Leadership Roles
Anthropologie promoted Anu Narayanan to president of women’s apparel, accessories, weddings, and beauty. Holly Thrasher was named chief merchandising officer of apparel and weddings. Aaron Mutscheller joins Anthropologie Group as president of Anthropologie Home and Terrain.
The Athlete’s Foot Opens New Store Concept In Atlanta
The Athlete’s Foot (TAF) opened a “neighborhood” concept store on April 28 at Atlantic Station in midtown Atlanta, GA. Timed with the opening, the company hosted community events to elevate the “consumer experience while continuing to drive hyper-localized product assortment and community engagement efforts.”
Delta Apparel Elects New Member To Board Of Directors
Delta Apparel, Inc. has elected Dr. Bill C. Hardgrave to its Board of Directors.
Yue Yuen Warns On Q1 Profit Decrease As Footwear Manufacturing Contracts
Footwear manufacturing powerhouse Yue Yuen Industrial (Holdings) Limited is expected to record a decrease of 40 percent to 45 percent in profit attributable to owners of the company as compared to profit of $88.6 million for the corresponding three-month period in 2022.
