Macy’s Boosts Minimum Wage And Benefits To Workers
Macy’s said it will raise the minimum wage to $15 per hour by next May due to a tight labor market. The department store chain is also adding an education program that will cover 100 percent of tuition, books and fees.
Jack Wolfskin Appoints GM Commercial Europe
Jack Wolfskin Europe has appointed Natascha El Mahmoud, most recently as VP sales, as general manager, commercial, Europe as part of its new commercial management structure.
Gymshark Adds Tech Entrepreneur To Advisory Board
Gymshark announced that entrepreneur Gary Vaynerchuk is joining the company as an advisor to its board. This latest appointment comes as the U.K.-based fitness apparel brand is expanding its global presence.
Foot Locker And Designer Don C Launch Lifestyle Brand
Foot Locker announced the launch of All City by Just Don, a lifestyle brand created in partnership with Don Crawley, the American streetwear designer from Chicago known professionally as Don C.
Custom Ink Acquires Swag.com
Custom Ink, the maker of custom apparel and accessories for companies, groups, and organizations, announced the acquisition of Swag.com, a platform for corporate swag.
Clarus Sees Q3 Sales Surge 69 Percent
Clarus Corp reported earnings on an adjusted basis surged 97 percent in the third quarter as sales grew 69 percent in the third quarter. Black Diamond sales were up 20 percent and Sierra sales were up 100 percent, or 13 percent excluding Barnes.
Backcountry Hires Chief Product Officer
Backcountry announced it had hired Colby Black as chief product officer, effective immediately.
Brooks’ Q3 Revenues Climb 24 Percent
Brooks’ Running reported revenue rose 24 percent year over year in the third quarter and is ahead 43.5 percent in the nine months. The brand warned that’s being impacted by supply chain disruptions.
5.11 Announces Filing For IPO
5.11 ABR Corp., a Compass Diversified (CODI) subsidiary, announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.
Retail Imports Near Record Pace Despite Port Congestion
Imports at the nation’s congested container ports are expected to remain at near-record levels for the remainder of the year as retailers rush to move merchandise from docks to shelves in time to meet the expectations of holiday shoppers, according to the monthly Global Port Tracker report released by the National Retail Federation.
Asics North America Delivers Double-Digit Growth In Q3
Asics said that for a third consecutive quarter, its North America region experienced a double-digit quarterly sales increase year-over-year.
S&S Activewear To Acquire TSC Apparel
S&S Activewear, based in Bolingbrook, IL, has signed a definitive agreement to acquire competitor TSC Apparel, marking S&S’s fourth acquisition since 2010.
Adidas Scores High For ESG
S&P Global Ratings said that it has assigned Adidas AG an ESG Evaluation of 85.
Pacsun Opens First Pacsun Kids Location
Pacsun has opened its first Pacsun Kids store at Mall of America.
Arc’teryx Opens First Store In NYC With Rebird Service Center
Arc’teryx opened its first NYC retail store with ReBird Service Center at 547 Broadway on November 6, 2021, with over 8,000 square feet.
