Esprit To Open New York HQ Amid Relaunch
Esprit will open its global creative headquarters in New York City to support the company’s planned relaunch in 2023.
Alo Yoga Opens Virtual Store
Alo Yoga opened a virtual store offering digital styling services where customers can browse the brand’s collections, customize outfits and view selected videos from the company’s Moves workout platform.
Dick’s House Of Sport To Open In Scranton
Dick’s Sporting Goods and Field & Stream store in the Viewmont Mall in Scranton, PA, closed its doors with plans to convert the space to a Dick’s House Of Sport.
Outdoor Cap Names Head Of Customer Experience
Michelle Thomas has joined Outdoor Cap as the new head of customer experience.
Puma Joins Zero100
Puma joined Zero100, a community-based education and research platform aiding organizations to reduce carbon emissions through digitization.
Report: U.S. Retail Sales Up 8.8 Percent In January
According to Mastercard SpendingPulse, U.S. retail sales, excluding automobiles, were up 8.8 percent year-over-year in January. E-commerce sales were up 8.4 percent year-over-year, while in-store sales were up 8.9 percent year-over-year.
Newell Brands Appoints Peterson CEO, Saligram Retires
Newell Brands promoted current company President Chris Peterson as president and CEO, effective upon the conclusion of its 2023 Annual Meeting of Stockholders on May 16.
Newell Brands Outdoor & Recreation Core Sales Fall 21 Percent In Q4; Loss Widens
The Outdoor & Recreation segment, which includes Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, generated net sales of $211 million in Q4 compared with $304 million in the prior-year period, reflecting a core sales decline of 21.0 percent.
HanesBrands To Offer Senior Notes
HanesBrands, Inc. reported it plans to offer a $600 million aggregate principal amount of senior unsecured notes due 2031 in a private offering.
Tractor Supply Extends CEO’s Contract; Shifts Board Leadership
Tractor Supply Company extended President and CEO Hal Lawton’s employment contract and key transitions on its Board of Directors. The Board of Directors elected long-standing member Edna Morris as Chairman of the Board.
Topgolf Callaway Posts Wider Q4 Loss On Strong Double-Digit Growth
Topgolf Callaway Brands Corp. posted another strong quarter to end 2022, delivering a 19.6 percent increase in revenue to $851.3 million in Q4, reflecting growth in each operating segment, major product category and region.
Adidas Says Yeezy Fallout Could Result In Billion Euro Loss
Adidas in an outlook update warned it expects a loss in the range of €500 million to €1 billion ($534 million to $1.07 billion) in 2023 from the exit of its Yeezy business.
Adidas’ Head Of Global Marketing Departs
Vicky Free has left her role as global head of marketing at Adidas, according to Adweek.
New Balance Opens Retail Concept In Boston
New Balance opened the second experiential store concept at 124 Newbury Street in Boston. The first store opened in Guangzhou, China, in December 2022.
Kohl’s Names New Chief Merchant
Kohl’s named 25-year retail veteran Nick Jones as chief merchandising and digital officer, reporting to CEO Tom Kingsbury, effective in March.
