Levi Strauss Cuts Outlook On Macroeconomic Pressures In The U.S. And Europe
Levi Strauss & Co. reported earnings for the third quarter that ended August 28 came in slightly ahead of Wall Street’s estimates despite sales coming up short. Guidance was reduced for the year due to more modest expectations for the fourth quarter.
Norrøna Adds Midwestern Reps
Norrøna hired Grand Rapids, MI-based sales agency Kozy Outdoors, LLC, to its network of outdoor specialty retailers serving the Midwest region. The company also promoted Patrick Gould as U.S. sales rep, a newly created role.
Academy Sports’ Debt Ratings Upgraded
S&P Global Ratings raised the debt ratings of Academy Sports + Outdoors, Inc. due to its recent better-than-expected performance, including S&P Ratings’-adjusted EBITDA margins of almost 19 percent over the last six quarters.
New York Road Runners Appoints CEO
New York Road Runners announced that Rob Simmelkjaer, a former NBC Sports Ventures and ESPN executive, was hired as chief executive officer, effective November 15, 2022.
Jordan Brand Hires VP/GM, Women’s
Nike’s Jordan Brand hired Tonia Jones as VP and GM of its women’s business. Jones is a 33-year Nike veteran.
The Buckle’s Comps Increase 2.7 Percent In September
The Buckle Inc. announced that comparable store net sales, for stores open at least one year, for the 5-week period ended October 1, 2022 increased 2.7 percent from comparable store net sales for the 5-week period ended October 2, 2021.
Under Armour Announces Two Executive Leadership Roles
Under Armour, Inc. named David Baxter as president of the Americas, succeeding Stephanie Pugliese who resigned from her position. Mehri Shadman was promoted as chief legal officer and corporate secretary, replacing John Stanton, who retires at the end of 2022.
Head Sportswear Increases North American Sales And Marketing Team
Head Sportswear hired Greg Johnson and Madison Steven to its North American sales and marketing team.
Target Names Chief Digital And Product Officer
Target Corp. hired Prat Vemana as executive vice president, chief digital and product officer, effective October 31, reporting to chief guest experience officer Cara Sylvester.
Evo Announces Promotion And New Hire
Evo announced that Rebecca Heard, vice president of brand, marketing and e-commerce, had been promoted to chief marketing officer. Katie Little, formerly working for Lululemon, was hired as director of stores, U.S.
Buffalo Groupe Acquires Sports Marketing Surveys USA
Buffalo Groupe, LLC, a collection of agencies, events and media properties, acquired Sports Marketing Surveys USA. The acquisition builds on Buffalo Groupe’s acquisition of Longitudes Group in January 2021.
Amazon Freezes Corporate Hiring In Retail Segment
Amazon has halted all corporate hiring for its retail business through the end of 2022, according to an internal announcement obtained by The New York Times.
REI To Permanently Close On Black Friday
REI Co-op announced it would permanently close all its stores, including its distribution centers, activity centers, call centers, and headquarters on Black Friday; however, it is accepting customer online orders at REI.com, with order processing and fulfillment not beginning until the day after Black Friday.
Academy Sports Opens New Store In Indiana
Academy Sports + Outdoors will officially open a new store in Jeffersonville, IN, located at 1600 Veterans Pkwy, in the Jeffersonville Town Center, on October 7.
South Korea’s Naver To Buy Poshmark For $1.2 billion
South Korean Internet giant Naver agreed to acquire Poshmark, the U.S.-based online resale platform, for roughly $1.2 billion. Naver is paying $17.90 per share in the all-cash deal. Poshmark closed Monday at $15.57.