Eddie Lampert will step down as chairman of Sears Holdings Corp’s board, effective immediately, according to a regulatory filing.
Author: SGB Media
Macy’s Names Patti Ongman Chief Merchandising Officer
Macy’s Inc. announced that Patti Ongman has been named chief merchandising officer of the Macy’s brand, effective March 1, 2019. Ongman succeeds Jeff Kantor in this role, who previously announced his decision to retire.
Lorna Jane Continues Expansion
Lorna Jane, the Australian women’s activewear brand, is opening eight more stores in the U.S. to bring the brand’s store count to 38.
OBIT … Fila’s Jon Epstein
Jon Epstein, president and global chief commercial officer of Fila North America, died on Friday. He was 63.
Newell Brands Embarking On Final Wave Of Divestitures
Shares of Newell Brands Inc. dropped $4.53, or 20.9 percent, to $17.16 at market close Friday after the company earlier in the day reported a sharp decline in fourth-quarter operating earnings as it absorbed a $157 million impairment charge. Revenues declined 6 percent to $2.3 billion, missing Wall Street’s target by $90 million.
Deanne Buck Steps Down From Camber Outdoors
The Camber Outdoors board of directors on Friday announced that Deanne Buck has resigned as executive director. The board named Diana Seung, current board member and former executive vice president of merchandising at Backcountry.com, as interim executive director, effective immediately. Buck will assist Seung in the transition.
Aisle Talk Week Of February 11
Top headlines from the active lifestyle industry you may have missed this week, including Deanne Buck (pictured) resigning as executive director of Camber Outdoors.
Yue Yuen’s January Sales Surge
Yue Yuen reported revenues of $924.0 million against $737.1 million a year ago, a gain of 25.4 percent.
Newell Brands’ Q4 Earnings Hit By Impairment Charge
Newell Brands reported a sharp decline in operating earnings in the fourth quarter as it absorbed a $157 million impairment charge. The Home & Outdoor Living segment saw a core sales decline of 3.0 percent, largely driven by lost distribution for Coleman at a key U.S. retailer.
2018 Holiday Sales Grew 2.9 Percent
Holiday retail sales during 2018 grew a lower-than-expected 2.9 percent over the same period in 2017 to $707.5 billion, the National Retail Federation said today after the Commerce Department released data that had been delayed by nearly a month because of the recent government shutdown.
Report: Payless To Shutter All Doors
Payless ShoeSource plans to close all of its 2,300 stores in bankruptcy proceedings, sources told Reuters.
Emerald CEO: 2019 Snow Show Revenue Down In Mid-Single Digits
Revenue for the recent Outdoor Retailer Snow Show is expected to be down in the mid-single digits even as the show’s mood and energy were “excellent,” according to Phil Evans, interim president and CEO of Outdoor Retailer parent company Emerald Expositions Events Inc. That was the assessment Evans provided during Thursday morning’s earnings conference call with analysts to discuss Emerald’s fourth-quarter results.
Future Plc Acquires Cycling News And Procycling Magazine From Immediate Media
Future Plc announced the acquisition of two specialist consumer brands from Immediate Media Co. – CyclingNews.com and Procycling Magazine.
RYU Launches New Website
RYU Apparel Inc., creators of urban athletic apparel, has officially launched its new RYU.com website.
Canada Goose Opens New Manufacturing Facility In Montreal
Canada Goose on Thursday announced that it will open its second factory in Québec and eighth wholly owned manufacturing facility in Canada, a testament to its continued commitment to keep production of its core down-filled jackets in Canada.
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