Rally House opened two stores in Ohio in Columbus and Akron.
Author: SGB Media
REI to Open Store in Albany
REI signed a ten-year lease at Crossgates Mall in Albany, its first store in New York’s capital region.
Paris Saint-Germain Partners with Lids in Las Vegas
French league football club Paris Saint-Germain (PSG) unveiled a new store in Las Vegas, which Lids will manage. As part of PSG’s long-term partnership with Lids and Fanatics, Lids will oversee operations for the organization’s storefronts.
Canada Goose Expands Generations Resale Program to Canada
The company’s expansion of its resale company comes as the company reported in its ESG Report that it saw a nearly 45 percent year-over-year reduction in carbon footprint by investing in global renewable energy credits.
BRC: Britain Loses 6,000 Storefronts Over Last Five Years
Crippling business rates and the impact of the COVID lockdowns were said to be a key part of decisions for retailers to close stores and think twice about new openings, according to recent analysis by the British Retail Consortium.
Cane Creek Cycling Components Hires Two New Leaders
Cane Creek Cycling Components expanded its internal sales group (ISG), hiring Stephanie Bush as supply chain leader and Lev Weschler as an engineering manager to support riders, bike shops and dealers across the U.S.
Safilo and Fossil Renew Eyewear License Through 2028
Initially offered as a North American ophthalmic exclusive, the Fossil eyewear collection has evolved over time to include sunglasses and expansion outside the U.S.
EXEC: Sebago Parent BasicNet Sees Net Profit Drop in H1; Royalties Decline
Royalties from commercial and productive licensees declined 6.4 percent to €32.7 million. Direct sales grew versus the same period in 2022 partly due to the contribution of K-Way France S.a.s, acquired in April 2022, but corresponding royalties from the French subsidiary decreased.
EXEC: Footwear De-Stocking Hits Factory Sector as Yue Yuen Warns on H1
Call it a reverse trickle-down process as bad news looks to be moving up the supply chain with predictable results. As retailers de-stock inventories and brands follow suit, the backup and subsequent slow-down have hit the manufacturing sector with more ferocity.
EXEC: Pou Sheng H1 Profits Surge as China Retail Recovers Post-Lockdown
While its parent company was busy warning investors about a sharp decline in profits for the first half tied to a contracting manufacturing business, Yue Yuen’s retail subsidiary was providing good news for the half in a pre-announcement of its own.
EXEC: Clif Bar Continues to Improve Profitability Under New Owner
Mondelez International said its recently-acquired Clif Bar business continued to improve profitability in the second quarter with the help of higher prices amid “robust” sales growth and as Clif Bar recently overhauled its management team, including the exit of CEO Sally Grimes.
Report: Off-Price and Children’s Well-Positioned for BTS Foot Traffic Surge
Following a lull in April and May, the 2023 back-to-school season is giving retail, and especially the wider apparel segment, a major boost, according to new data from Placer.ai.
Vista Outdoor Appoints CFO and General Counsel for Sporting Products Company
Vista Outdoor, Inc. named Andy Keegan as CFO of its Sporting Products segment. Jeff Ehrich becomes general counsel and corporate secretary of Sporting Products.
Newell Brands Outdoor & Recreation Core Sales Fall 21 Percent In Q2
Newell Brands, the parent company of Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, generated net sales of $333 million, down 22.0 percent compared with $427 million in the prior year period. The decline reflects a core sales decline of 20.9 percent, as well as the impact of unfavorable foreign exchange.
Adidas to Release More Yeezy Inventory in August
Adidas will reportedly go back to the Yeezy well in August after a very successful first-selling effort in May and June boosted second-quarter revenues and prompted Adidas to raise its outlook for the year.
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