L.L.Bean to Open First Indiana Store
The 16,000-square-foot L.L. Bean store will be the retailer’s fourth new location to open in 2024, giving it 61 stores in the U.S.
NRF: Import Cargo Could See Surge Ahead of Potential Port Strike and Trump Tariffs
Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases planned by President-elect Donald Trump, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Blackcrows Partners with Rapha to Open Nest Pop-Up Shops in Boulder and Seattle
The French ski brand and maker of performance ski products and apparel, opened its first U.S. pop-up shops in collaboration with Rapha in Boulder, CO and Seattle, WA on November 1. They will remain open through the winter season.
EXEC: Descente Ltd. Posts Another Record Second Quarter in Sales and Profits
Descente Ltd. reported that net sales for the fiscal second quarter ended September 30 increased 4.7 percent to ¥62,818 million, reportedly due to foreign exchange effects and growth of the Descente and Uumbro brands in Japan and South Korea.
StockX CEO to Step Down, COO Named as Successor
StockX announced that company CEO Scott Cutler has chosen to step down at the end of the year, succeeded by the online sneaker marketplace’s Co-Founder, President and COO, Greg Schwartz.
EXEC: Asics Hikes FY Outlook As Q3 Revenues Climb 16 Percent
Asics raised its guidance for the year after reporting sales in the third quarter grew 16.0 percent with profits expanding faster. Double-digit revenue growth in the quarter was achieved in North America, Europe, Japan and Greater China.
Adidas SPZL Reunites with C.P. Company to Celebrate with 10th Anniversary Collection
In 2021, Adidas SPZL and C.P. Company marked the company’s 50th Anniversary with the collaborative Italia CP SPZL trainer. To honor the label’s 10th Anniversary, the Adidas SPZL and C.P. Company collaborated once again, this time on an apparel, footwear, and accessories collection.
EXEC: Mizuno Corporation Posts Record H1 Results in Sales and Profits
Mizuno management said there are concerns regarding the volatility of the financial market due to the monetary policies of individual countries and changes in political and global landscapes, as well as changes in consumer sentiment amid the continued rise in prices.
Fanatics Partners with World Rugby
Fanatics reached an agreement to launch and manage the official retail and licensing program for World Rugby, including Rugby World Cups through to 2029.
Golden Goose’s Debt Ratings Upgraded on Improving Sales
Moody’s Ratings upgraded Golden Goose S.p.A.’s debt ratings due to its strong revenue and profit performance in recent years with the aid of store openings. Sales have vaulted 60 percent from December 2021 to June 2024.
Puma NYC Flagship + A$AP Rocky Debut Latest Motorsport-Inspired Collection
Last night, November 7, Puma held a store event for customers with A$AP Rocky to debut the brand’s latest motorsport-inspired collab collection of footwear, apparel and accessories.
Schoeller to Close Swiss Manufacturing Plant, 170 Employees To Lose Jobs
The company cited Switzerland’s high labor and energy costs, the strong Swiss franc, and poor market environment since the pandemic to cover production costs. However, the company will continue production of its high-tech textiles in Asia with no disruption.
Black Diamond Parent Q3 Hurt by Outdoor Channels, Product Line Simplification Strategy
Outdoor segment (Black Diamond) sales were $49.3 million in the third quarter, compared to $61.1 million in the year-ago quarter. Sales in the Adventure segment (Rhino-Rack, Maxtrax and Tred Outdoors) decreased 11.9 percent to $17.8 million.
NRF: Holiday Spending on Track for Steady Growth Amid ‘Mixed Signals’ on Economic Data
NRF Chief Economist, Jack Kleinhenz, reported in the November Issue of the NRF’s Monthly Economic Review, that it continues to expect steady sales growth for the winter holiday season despite contradictions in the latest economic indicators.
The Buckle’s October Comps Show Slight Gain
Buckle, Inc. reported that comparable store net sales for the 4-week period ended November 2 and increased by 0.6 percent year over year. Net sales increased 0.1 percent to $87.9 million from $87.8 million a year ago.
