The Buckle Posts 7.0 Percent Comp Sales Growth For December
The Buckle, Inc. saw comparable store net sales increase 7.0 percent for the 5-week period ended December 31, 2022 versus comp store net sales for the 5-week period ended January 1, 2022.
DSW Parent Appoints New CEO, Reiterates Outlook
Designer Brands, Inc., parent company of DSW and Topo Athletic, hired Doug Howe, president of DSW, to succeed Roger Rawlins as CEO, effective April 1, 2023, at which time Rawlins will step down as CEO and as a member of its board of directors.
Fanatics Sells Majority Stake In NFT Startup Candy Digital
Fanatics is selling its 60 percent stake in sports-focused NFT company Candy Digital to a group led by Galaxy Digital, according to a report from CNBC, citing an internal email from the network. Terms were not disclosed.
L2 Brands Acquires Ouray Sportswear
L2 Brands, a branded apparel and headwear manufacturer, purchased Ouray Sportswear from S&S Activewear.
New Balance Sues Roma Following Adidas Sponsorship
New Balance filed a lawsuit against Italian Serie A club Roma for signing a new long-term agreement with Adidas despite New Balance exercising its right of first refusal.
USA Triathlon Foundation Adds Four Members To Board Of Trustees
In 2022, the USA Triathlon Foundation added four members to its Board of Trustees—Frantz Alphonse, Audra Mallow, Bill Shenkin, and Reggie Waller.
Puffin Drinkwear Hires CFO, Closes Funding Round
Puffin Drinkwear hired Arianna Moore as CFO and closed on a Series A funding round led by Village Family Capital and Jim Collis of Colfam Management.
Athleta To Exit San Francisco HQ Space
Gap, Inc. is listing 162,000 square feet of office space at 1 Harrison Street in San Francisco for lease or sale as first reported by the San Francisco Business Times. The space is currently the headquarters of Athleta, the athleisure brand owned by Gap.
Injinji Hires Graphic Designer
Injinji has hired Chelsea Call as a graphic designer.
Association Of Golf Merchandisers Names Interim Executive Director
Tracy Moffatt was named interim executive director of the Association of Golf Merchandisers as part of a plan by its Board of Directors to find a permanent successor following the retirement of Desane Blaney.
Kitsbow Launches Online Second-Hand Gear Store
Kitsbow Cycling Apparel launched a retail store for used Kisbow apparel through its online direct-to-consumer store. The “Kisbow Experience Apparel” store is a place where Kitsbow customers can sell their previously purchased Kitsbow gear.
NRF Economist Sees Balance Between Inflation And Interest Rates Key To Avoiding Recession
It’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession; however, continuing interest rate hikes increase the likeliness, according to the NRF’s Chief Economist Jack Kleinhenz in the January Issue of its Monthly Economic Review.
British Retail Consortium Sees Stronger H2 In 2023 Look Ahead
A new analysis by the British Retail Consortium suggests that U.K. retail sales will grow between 2.3 percent to 3.5 percent in 2023.
Digital Brands Group Completes Acquisition Of Sundry
Digital Brands Group, Inc. reported that it had completed the acquisition of the lifestyle apparel brand Sundry. As a result, Sundry is a wholly-owned subsidiary of DBG.
DeFeet Shifts Internal Company Sales And Distribution Roles
DeFeet reported it made internal changes to its custom sales department, including domestic and international distribution.
