EXEC: Footasylum Sees Strong Fiscal 2025 Results Continue into Current Year
Total sales for the first 21 weeks of fiscal 2026 are up 10.5 percent year-over-year and are reportedly “tracking slightly ahead of plan.” Footasylum’s exclusive brands were up 17 percent year-over-year for the 21-week YTD period.
L.L.Bean Sets Opening Date for First Central New Jersey Store
The store in Bridgewater will offer customers easy access to Washington Valley Park, Duke Farm and paddling routes along the Raritan River. The location will be L.L.Bean’s fourth store in New Jersey.
Onitsuka Tiger Opens Flagship in Paris
Set within the historic Travellers Paris building at 25 Avenue des Champs-Élysées, the store spans two levels and features Tiger Yellow accents, raw concrete, and vibrant yellow glass. The ground floor houses Café Onitsuka Tiger a takeaway destination serving food and beverages.
Eastside Golf Opens First Retail Store
Located at the Detroit Metropolitan Airport (DTW), the store opening comes as the golf lifestyle brand recently launched at Nordstrom, Golf Galaxy, Dick’s Sporting Goods, and House of Sport earlier this year and PGA Tour in 2024.
Lacoste Appoints New CEO
Éric Vallat, a former LVMH executive, was appointed as the company’s new CEO, starting September 1. He succeeds Thierry Guibert, who has held the position since 2015.
Perfect Moment Opens European Distribution Hub
The new facility for the luxury skiwear and lifestyle brand will replace its former warehouses in the UK and Hong Kong, which it plans to close as part of a broader restructuring initiative aimed at streamlining operations, reducing costs and enhancing the customer experience.
Survey: Women’s Interest in Outdoor Activities Remains Strong
Winnebago Industries’ Annual Spotlight Survey found that 52 percent of women plan to increase their outdoor activities in 2025—a six-point jump from last year, with over half (55 percent) spending six hours or more outside each week. The survey from the RV and boat manufacturer examined the benefits and barriers to getting more women outdoors.
Canada’s Holt Renfrew Department Store CEO Steps Down
Holt Renfrew, the Canadian luxury department store chain, reported Sebastian Picardo plans to step down as president and CEO, effective Sept. 30, 2025. He has served in the role since 2020.
Nordstrom to Close Two Stores
The retailer plans to close its Santa Monica, CA store at Santa Monica Place and its St. Louis, MO location at Saint Louis Galleria in late August of this year.
Nike Virtual Studios Vice President Exits
Ron Faris, who served as vice president and general manager of Nike Virtual Studios, has joined Disney Consumer Products as VP of global marketing.
Report: Back-to-School Spending to Surge 17 Percent, Shopping Starts Earlier
JLL’s 2025 Back-to-School survey of 1,010 parents found a 17.3 percent increase in planned spending this year, with respondents shifting toward in-store shopping while adopting earlier purchasing patterns and becoming more sensitive to higher prices.
Report: Adidas to Replace Nike as Tennessee’s Outfitter
The University of Tennessee is switching back to Adidas after its contract with Nike expires in 2026. The University was unable to secure a renewed deal with Nike.
Cotopaxi Opens Pop-Up in Georgetown
The pop-up shop in Washington, D.C.’s Georgetown neighborhood, at 1057 Wisconsin Avenue, represents the company’s second pop-up and third on the East Coast.
EXEC: Trump Announces New Trade Deal with Vietnam
The revised deal includes the elimination of Vietnam tariffs on U.S. goods and a higher tariff on Vietnam shipments to the U.S, although it amounts to less than half of the 46 percent tariff imposed by the Trump Administration in early April.
Remark Closes on $16 Million Series A Funding Round
The round was led by Inspired Capital, with participation from Stripe, Neo, Spero Ventures, Shine Capital, and Visible Ventures, bringing the company’s total funding to $27 million. Remark describes itself as an AI company making online shopping more human.
