Walmart Closes Four Stores In Chicago
Walmart reported it will close four of its eight stores in Chicago after stating the stores were losing “tens of millions of dollars a year, and the retailer’s annual losses nearly doubled in just the last five years.”
Dick’s SG Signs Multi-Year Partnership With Boston Athletic Association
Dick’s Sporting Goods reported signing a multi-year agreement to be the official retail sponsor of the Boston Marathon and the Boston Athletic Association (B.A.A.) Distance Medley events ahead of opening a Dick’s House of Sport in spring 2024.
Dillard’s Debt Ratings Upgraded
S&P Global Ratings raised the debt ratings on Dillard’s Inc. as the department store chain has maintained a “stable performance and a conservative financial policy even in the volatile retail operating environment of the past year.”
Marolina Outdoor Adds Industry Veterans To Team
Marolina Outdoor, the parent company of Huk Performance Fishing and Nomad Outdoor, hired Dean Rurak as CEO and Bill Ferreira as senior vice president of sales and merchandising, effective May 1.
Yue Yuen Manufacturing Business Falls 21.3 Percent In March
Yue Yuen Industrial (Holdings) Limited, the subsidiary of Pou Chen Corporation that manufactures a large percentage of global athletic and outdoor footwear, reported that its net consolidated operating revenue for March was $696.5 million, a 10.0 percent decline versus the year-ago month.
Anta Sports Saw Solid Q1 China Retail Sales Growth With Fila Up In High Singles
Anta Sports Products Limited reported that retail sales of Anta-branded products posted mid-single-digit growth in the first quarter compared to the year-ago comparable period.
Pou Sheng Retail Sales Surge 29.8 Percent In March
Pou Sheng International (Holdings) Limited, the China-based retail subsidiary of Yue Yuen Industrial (Holdings) Limited, reported that net consolidated operating revenue for March was RMB 1.73 billion, up 29.8 percent from RMB 1.34 billion in the year-ago comparable month.
Fanatics Expands Retail Partnership With The Cleveland Browns
Fanatics expanded its e-commerce partnership with The Cleveland Browns, establishing the company as the team’s end-to-end omnichannel retail partner.
Sun & Ski Sports Opens Salt Lake City Location
Sun & Ski Sports will officially open its 33rd store in Murray, UT, on April 14. Representatives from On, Hoka, Cannondale, Shimano, Rocky Mountain Bicycles, and Haro will attend the grand opening.
Xtep International Sees 20 Percent Retail Sales Growth In First Quarter
The Board of Directors of Xtep International Holdings Limited, which operates retail stores in China for K-Swiss, Palladium, Merrell, and Saucony, in addition to Xtep brand stores, reported that retail sell-through growth in the first quarter, including brick & mortar and online channels, increased approximately 20 percent versus the year-ago comparable period.
Kinona Appoints Co-Founder As New CEO, Names Senior Director Of Marketing
Tami Fujii, co-founder of women’s golf apparel brand Kinona, assumed the role of CEO effective March 1. Co-Founder Dianne Celuch remains chief operating and merchandising officer. Kinona’s director of e-commerce, Kirsten Wlaschin, was promoted to senior director of marketing.
Golf Rounds Played Dip In February
Rounds of golf played in February 2023 were down about 3 percent on a national level year-over-year, impacted by storm-related weather activity in California, according to Golf Datatech.
Fanatics Signs Retail Partnership Deal With French Football Federation
Fanatics reported it signed a long-term, omnichannel retail partnership with the French Football Federation to improve its online and in-store shopping experience of the France National Football Team.
Authentic Brands Group Signs Agreement To Acquire Quicksilver, Billabong, DC Parent
After months of speculation in the active lifestyle market about a pending deal in the beach/skate lifestyle space, Authentic Brands Group reported it signed an agreement to purchase Boardriders, the parent of Quiksilver, Billabong, Roxy, DC Shoes, RVCA, Element, VonZipper, and Honolua. On March 31, Authentic said it entered a period of exclusivity and made a binding offer to purchase Boardriders.
What The Fin Apparel Builds Out Executive Team
What The Fin Apparel, a lifestyle surf brand headquartered in Greenville, SC, hired Marcella Franseen as director of operations and Dalton Coker as chief of staff while announcing two promotions.
