Fanatics Sets Layoff and Closure Plan for JAX Fulfillment Center
The retailer, designer and manufacturer of licensed sports products has grown out of a hometown Jacksonville, FL fulfillment facility, resulting in the need to lay off 218 workers later this year.
EXEC: January Consumer Confidence Index Highest Since July 2021
The University of Michigan’s preliminary results reported on the overall index of consumer sentiment came in at 78.8 for January, the highest reading since July 2021, compared to 69.7 in December and 64.9 in January 2023.
L.L.Bean Set to Open Eighth New York Store in Spring
The retailer’s first new store of 2024 will open in Kingston, NY, in March/April.
Vaude Appoints New Chief Financial Officer
With new CFO Melissa Wach and CEO Antje von Dewitz, the management team is now 50 percent female. Women hold prominent positions across the board in leadership roles at Vaude, constituting approximately 45 percent of executive positions.
Former Athleta CEO to Lead Beyond Yoga as Co-Founder Exits CEO Role
Nancy Green, former CEO and president of Athleta, will join the athletic and lifestyle apparel brand owned by Levi Strauss & Co. as CEO on February 1. Co-founder Michelle Wahler will step down as CEO and COO/CFO Jesse Adams will also depart.
Tilly’s, Inc.’s CEO Departs; Board Chair to Lead Retailer on Interim Basis
Ed Thomas retired as president, CEO and director of the company. Company Co-founder and former President and CEO Hezy Shaked was appointed as the company’s interim president and CEO until a successor is found.
Amer Sports Looks to Raise Over $1.6 Billion in IPO
Amer Sports, Inc., the parent of the Arc’teryx, Armada, Atomic, DeMarini, EvoShield, Louisville Slugger, Salomon, Wilson, and other sports and outdoor brands, launched an initial public offering of 100,000,000 ordinary shares.
Tiger Woods and TaylorMade May be Ramping Up for Sunday Red Debut
Tiger Woods may soon be ready to launch an apparel line and more with equipment partner TaylorMade if recent moves by the company at the U.S. Patent and Trademark Office are any indication.
Macy’s Rejects $5.8 Billion Buyout Offer, Citing Financing Concerns
The retailer’s Board of Directors determined that the unsolicited and non-binding proposal from Arkhouse Management Co. LP and Brigade Capital Management, LP does not constitute a basis to enter into a non-disclosure agreement.
Sportsman’s Warehouse Appoints Chief Retail Officer
Craig McNair brings strong leadership experience in the outdoor specialty retail space, having worked in key roles at Academy Sports + Outdoors and Cabela’s, Inc., where he was responsible for large regions of stores.
Imperial Headwear Hires National Sales Director, Golf
Montanye joined Imperial after fifteen years with Adidas Golf, where, for seven years, he was the Eastern U.S. regional manager.
Eastside Golf Closes Seed Funding Round Led by EP Golf Ventures
EP Golf Ventures is an investment partnership between the PGA of America and Elysian Park Ventures, the private investment arm affiliated with the Los Angeles Dodgers ownership group.
Digital Brands Group Switches Gears, Plans to Open 5 Retail Stores
The curator of “digital first” luxury lifestyle brands plans to open 50 retail stores over the next several years, funded by its internal free cash flow.
JD Sports Fashion Completes Acquisition of Polish Partner
In the financial year to January 2023, Poland-based Marketing Investment Group generated approximately £270 million in revenue. As of December 30, 2023, MIG operated 403 stores across 13 countries, including 23 JD stores.
Allbirds Makes Two Senior Leadership Appointments
Kelly Olmstead was promoted to chief marketing officer and footwear industry veteran Adrian Nyman was hired to the newly created role of chief design officer. Both were effective in December.
