Sportsman’s Warehouse Cuts Board Size to Six Members
Board members Erica Fortune, Gregory P. Hickey and Philip C. Williamson have reportedly notified the Board of Directors of their intent to resign as Board members prior to the company’s 2024 Annual Meeting of Stockholders.
EXEC: Adidas Gets Another Yeezy Lift in Q1; Increases 2024 Guidance
Adidas now expects full-year 2024 currency-neutral revenues to increase at a mid- to high-single-digit rate in 2024, up from its previous forecast for a mid-single-digit increase. The latest Yeezy drop added revenues of around €150 million and an operating profit of around €50 million in the first quarter.
The Athlete’s Foot Opening Two New Stores in Baton Rouge
The retailer is opening two new locations in Baton Rouge, LA. The stores will have grand open celebrations on April 19 and April 20.
Gildan Activewear’s New CEO Outlines Key Company Priorities and Guidance
Revenue growth for the full year is expected to be flat to up low-single-digits. Gildan also announced that its preliminary Q1 2024 net sales are expected at approximately $695 million, or down about 1 percent year-over-year.
Prince Teams Up With Target on Limited-Edition Pickleball Collection
Prince, the tennis and lifestyle apparel brand, will release a limited-edition pickleball collection with Target on April 20.
BRC: UK Retail Sales See Good Recovery in March, Outpacing U.S. Trends
The British Retail Consortium said UK total March retail sales increased 3.5 percent year-over-year in March, cycling growth of 5.1 percent in March 2023. This was said to exceed the 3-month average growth of 2.1 percent and the 12-month average growth of 2.9 percent.
NRF Appears to Promote Two Monthly Sales Trend Reports with Differing Data
March’s core retail sales as defined by the NRF, based on the census data but excluding auto dealers, gas stations, and restaurants, were up 1.1 percent seasonally adjusted from February and up 3.2 percent unadjusted year-over-year.
The Resurgence of Wholesale, Harnessing New Strategies for 2024, Part 1
This is Part 1 of 3 in a series of sponsored post from ENDVR.
Nike E-Com Executive to Lead Sephora’s China Operations
Ding Xia is responsible for turning around Sephora’s ailing business in Mainland China.
Levi Strauss Promotes Lucia Marcuzzo to Managing Director Europe
Levi’s also confirmed the departure of Canadian executive Diana Dimitian, who headed up the Southern Europe region since the end of 2018.
CNBC/NRF: March Retail Sales Grew 2.7 Percent
Total retail sales, excluding automobiles and gasoline, were up 0.36 percent seasonally-adjusted month-over-month and up 2.7 percent unadjusted year-over-year in March, according to the Retail Monitor.
Study: Gen-Z Males Show Greatest Interest in Second-Hand Luxury Fashion
The luxury fashion resale industry is worth nearly $50 billion, with ongoing polling data showing that almost 35 percent of U.S. adults are at least “somewhat likely” to purchase second-hand luxury fashion and/or accessories in the next 30 days.
Gianluca Flore Appointed Chief Commercial Officer for Levi’s Brand
The Burberry veteran will join the company July 29, 2024 and be responsible for the commercial operations of the Levi’s brand across all global channels, including stores, e-commerce and wholesale.
Salomon’s President & CEO Departs
Franco Fogliato, president and CEO of Salomon, is leaving the company for personal reasons. James Zheng, CEO, Amer Sports, will reportedly lead Salomon and the Outdoor Performance division on an interim basis.
Nike Doubles Down on Evolving Air to New Levels for Summer Olympics
Nike, Inc. will debut a new line of products that signals a multi-year innovation cycle, and plans to deliver better, faster and more efficient solutions for athletes this summer at the Paris Olympics.
