MEC to Open New Store in Ontario, Canada
MEC, the Canadian outdoor retailer, reported it will open a freestanding store in Whitby, Ontario, in July 2024, its seventh standalone store in Ontario and 23rd standalone in Canada.
EXEC: Industry Organizations Push Back on Biden Administration’s Tariff Decisions
The decision to maintain Section 301 China tariffs and implement new tariffs has U.S. retail and brand companies up in arms over the decision released this week by the Biden administration.
U.S. Sporting Goods Segment Retail Sales Decline in April as Market Grows 3.9 Percent
Sporting Goods, Hobby, Musical Instrument, Bookstore sales were reported down 4.7 percent YoY from April 2023 and down 0.9 percent versus March 2024. Clothing and Clothing Accessories Stores sales were up 2.7 percent YoY.
EXEC: Fila Holdings Gets Q1 Lift from Fila USA, Acushnet to Offset Fila Korea Slump
Fila USA revenues saw a bit of a turnaround in the quarter, which covers the U.S., Canada and Mexico, with sales jumping 7.4 percent in US dollar terms to $64.7 million, after falling 46.4 percent in the year-ago Q1 period.
Aloha Collection Opens Malibu Store Location
The female-founded original splash-proof lifestyle brand operates four other stores in Newport Beach, CA; Encinitas, CA; Whalers Village, Maui, HI; and Waikiki, Honolulu, HI.
Puma Appoints Bas van den Bemt as Managing Director Central Europe
Bas van den Bemt is Puma’s new managing director for central Europe, starting July 1, overseeing business in the Dach and Benelux regions. He replaces Nina Graf-Vlachy, who decided to pursue opportunities outside the company. Lucynda Davies will take over Van den Bemt’s role as managing director of Puma UK and Ireland.
Mytheresa Gets U.S. Lift to Posts Strong Fiscal Q3 Growth
The company’s U.S. business continues to be a growth driver with the highest regional growth, increased share of total business and record number of top customers in the third quarter fiscal year 2024.
Tractor Supply Opens Largest Distribution Center in Arkansas
Facility brings 500 full-time jobs to local residents and represents an investment of more than $175 million in the region
Canada Goose Hires First Creative Director; Launches of Exclusive Style for PBI
Canada Goose’s appointment of Haider Ackermann comes with the launch of its limited-edition sweatshirt, PBI Hoodie, with 100 percent of the proceeds going to Polar Bears International. The launch campaign also celebrates actress and activist Jane Fonda, “the ideal protagonist for this important story.”
Wild Rye Adds to Marketing and Product Teams to Support Growth
The outdoor and active lifestyle apparel brand made four new additions to the brand’s team: a marketing director, a product development associate, an e-commerce and digital merchandising manager, and a customer experience and events coordinator.
EXEC: On Holding Shares Hit 52-Week Highs as Q1 Results, DTC Gains Please the Street
In comparison to the prior-year period that was elevated as a result of the initial selling into some of our key accounts, net sales in the Americas region grew 22 percent year-over-year with constant-currency growth of 30.4 percent for the quarter.
PetSmart Searching for the Next “Chief Toy Testers;” $20K to New Team Members
The Chief Toy Tester search is back and submissions are open for one lucky dog, cat and human parents to join the PetSmart team.
Meijer Opens New Supercenters in Michigan and Northeast Ohio
Meijer opened its first store in Michigan in 1934. Today, it opened a new 159,000-square-foot supercenter in Hillsdale, MI and two new 159,000-square-foot supercenters in Northeast Ohio. This summer, the retailer will celebrate its 90th anniversary as a family-owned Midwest retailer.
EXEC: Mizuno Posts Strong Profit Growth for Fiscal Year on Sales Growth in All Regions
The company reported net sales were ¥229.7 billion in the fiscal year ended March 31. 2924, up 8.3 percent year-over-year. Profit attributable to owners of parent was ¥14.3 billion, up 44.4 percent versus the prior fiscal year.
On Holding Posts Another Strong Quarter in Q1, Led by Expanding DTC Sales
On’s total net sales reached CHF 508.2 million, an increase of 20.9 percent year-over-year and a 29.2 percent increase on a constant-currency basis. The results were led by strong demand and momentum in On’s direct-to-consumer channel.
