Report: U.S. Holiday Season Retail Sales See Strong Results Aided By Inflation
U.S. retail sales, excluding automotive, increased 7.6 percent year-over-year this holiday season, according to a report from Mastercard SpendingPulse.
Arc’teryx Opens Store In New York’s Flatiron District
Arc’teryx reported it opened a Pinnacle Store occupying 6,600 square feet at 149 5th Avenue in New York City’s Flatiron district—the company’s 26th retail store location and the largest in North America.
Equinox’s Chief Legal Officer Jumps To Tailored Brands
Tailored Brands, Inc. hired Yen D. Chu as EVP, chief legal officer and corporate secretary, effective December 26. Chu joins Tailored Brands with more than 25 years of brand and consumer-facing experience for both private and publicly-traded companies.
Netflix To Stream Nike Training Club Content For Members
Netflix reported it will begin streaming Nike Training Club workouts as part of its content, effective December 30.
Pentland Brands Promotes Rock As President, Americas
Pentland Brands, Ltd. announced that Matt Rock was promoted to president, Americas, Pentland Brands, overseeing Speedo and the company’s portfolio, including Endura and Mitre for the Americas region.
Under Armour Appoints New Corporate President & CEO
Under Armour, Inc. hired current Marriott International President Stephanie Linnartz as president & CEO and as a member of UA’s Board of Directors, effective February 27, 2023.
Primark Opens New Store In City Point, Brooklyn
Primark, the international value fashion retailer, opened a new store in City Point, Brooklyn, NY.
Cotopaxi Adds Vice President Positions To Fuel Growth
Cotopaxi reported it added three members to its senior leadership team to position the company for growth. They include Kamal Thota, vice president, Technology, Jason Hermann, vice president, Corporate Sales, and Charlie Mangini, vice president, operations.
Nike, Inc. Fiscal Q2 Results Beat Street Expectations; Inventories Up 43 Percent
Nike, Inc. reported fiscal 2023 second quarter revenues were $13.3 billion for the three-month period ended November 30, up 17 percent compared to the prior-year comparable period and up 27 percent on a currency-neutral basis.
Skechers Opens Flagship Store In Ireland
Skechers is elevating its worldwide presence by opening a new flagship store in Ireland on Dublin’s Grafton Street.
Nordstrom Opening New Colorado Rack Store
Nordstrom, Inc. is opening a new Nordstrom Rack in Aurora, CO.
Report: VF Corp. Looks To Divest Jansport Brand
Bloomberg reported Friday that VF Corp. is considering a sale of its Jansport backpack business, according to people with knowledge of the matter.
JD Sports Divests Shares Of 15 Premium Brands
British Retailer JD Sports Fashion Plc is “significantly simplifying” its branded fashion offer through the divestment of 15 UK-based non-core fashion businesses to Frasers Group Plc.
Report: Holiday Shopping Seen As Lackluster In Early Season Review
The first two weeks of December did not bring much holiday cheer after a lackluster Black Friday and generally disappointing November results.
RIA Elects New Board Members For 2023
The Running Industry Association (RIA) membership voted to approve to elect the suggested slate of new directors for 2023.
