Effective September 1, Chuck Osterink, who formerly held the title of chief operating officer, was promoted to president.
Author: SGB Media
BRC Sees Confident UK Consumers Boost August Retail Sales
Total UK retail sales increased by 4.1 percent in fiscal August, against growth of 1.0 percent in August 2022, coming in above the 3-month average growth of 3.6 percent and in line with the 12-month average growth of 4.1 percent.
NRF Acquires Reverse Logistics Association
While hundreds of retail brands offer “gently used” products for sale, others sell excess inventory at a discount. The reverse logistics industry manages the collecting, sorting, repairing, and refurbishing of products for resale or recycling.
Authentic Appoints EVP to Manage Former Boardriders Brand Portfolio
The company hired David Brooks as EVP of action and outdoor sports lifestyle. Most recently, Brooks with the global general manager for RVCA and Boardriders Partnerships at Boardriders.
Kuiu to Open Store in Dallas
Kuiu, the hunt apparel brand, reported plans to open a store in Dallas, TX, in October, representing its second storefront.
CPSC Issues Warning on Cyclingsell Zacro Bicycle Helmets
The U.S. Consumer Product Safety Commission (CPSC) is warning consumers to immediately stop using Cyclingsell Zacro adult bike helmets because they can fail to protect a cyclist’s head in the event of a crash. The seller, cyclingsell.com, of China, has not agreed to recall the helmets or to offer a remedy to buyers.
Netflix Co-Founder Acquires Majority Stake in Powder Mountain
Reed Hastings is now the majority owner of Powder Mountain following a $100 million investment that signals a new era for the mountain resort known for its “daily lift ticket caps and uncrowded visitor experience.”
Thélios Acquires Vuarnet from NEO Investment Partners
Thélios said it aims to restore the brand’s former glory, empowering Vuarnet to elevate its product quality and push the boundaries of innovation. Vuarnet’s mineral lens expertise will reportedly benefit Thélios to expand its know-how in this area.
Undefeated Opens First New York City Store
Undefeated, the Los Angeles-based sneaker and streetwear boutique, opened its first store in New York City in the Nolita section of downtown Manhattan.
Kane Footwear Expands Officially-Licensed College Collection
Kane Footwear reported expanding its officially licensed college collection with 11 new schools. It partnered with five NCAA athletes to promote the Revive shoe drop, including Ohio State wide receiver Marvin Harrison, Jr., Clemson linebacker Barrett Carter and Alabama linebacker Dallas Turner. Last year, Kane launched its collegiate collection with five schools featuring elite athletic […]
Rally House Sets Plans to Open Three Stores This Fall
Rally House reported it will open three stores this fall in Deptford, NJ; Evansville, IN; and Altoona, IA.
Sally Jewell Named Board Chair at Symetra Financial Corp.
The former CEO of REI and Secretary of the Interior was designated as the chair of the company’s Board of Directors, effective August 24, 2023. Jewell joined Symetra’s board in March 2018.
G-III Apparel Ups Full-Year Guidance After Q2 Beat on Sales and Profits
Net sales for the second quarter increased 9 percent to $659.8 million and net income was $16.4 million, or 35 cents per diluted share, compared to $36.3 million, or 74 cents per diluted share, in the prior-year quarter.
Parent of DSW, Topo, Keds and Le Tigre Footwear Brands Reiterates Outlook
Designer Brands, Inc. reported that second quarter results topped Wall Street estimates with sequential improvement in sales and gross margin over the 2023 first quarter and also reiterated the outlook for the year.
HBI and G-III Apparel Partner on Champion and C9 Outerwear
The companies entered into a strategic multi-year licensing agreement for the design, production and distribution of outerwear for the Champion and C9 Champion brands in North America, including exploring opportunities across Champion’s global network as a key partner.
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