The Commerce Department reported U.S. retail sales fell 0.1 percent month-over-month in October, the first decline since March.
Author: SGB Media
Out&Back Outdoor Acquires The Locals Sale
Out&Back Outdoor, a marketplace to buy or sell new and used outdoor gear, acquired gear exchange company The Locals Sale. As part of the merger, all employees will transition and join the Out&Back company.
Xero Shoes Hires Directors in Design and Product Merchandising
Kristina Funck was named design director and Megan Elias as director of product merchandising. Funck joins Xero Shoes from Otterbox and Elias from Crocs, where she directed the Sandals strategy.
VF Corp. Welcomes Back Raeburn as Napapijri Global Creative Director
Raeburn, the founder and creative director for the Raeburn brand, worked for VF Corp. as global creative director for the Timberland brand from 2018 to 2022.
G8RTech Adds to Medical Advisory Committee
Specialized protective equipment company G8RTech, Inc. appointed Andrew Saleh, MD, MPH, to its Medical Advisory Committee.
StockX: Classic Retro and Run-Inspired Shoes Pace Resale Activity
Classic retros from Adidas, Ugg slippers and running-inspired silhouettes from New Balance, Asics and Nike topped the list of shoes with the most search results on StockX, according to the resale platform’s recently released “Big Facts” quarterly trend report.
Sustainable Apparel Coalition CEO To Step Down
The SAC announced that its CEO, Amina Razvi, will leave the organization at the end of the year. She and the Board of Directors agreed that the time is right for her to step away and for the Board to identify a successor.
Chief Upland Acquires Q5 Outdoor Products
The acquisition of Q5 Outdoors reportedly expands the Chief Upland brand from one core upland vest style to more than six. Chief said it will now have dialed-in gear offerings for hunting in all climates and for pursuing all types of upland game.
Norco Adds Industry Vets to Leadership Team
Gwen van Lingen was named head of brand and Nik Hobbs was appointed vice president of supply chain.
Report: October Promos Did Little to Boost Retail Sales as Consumers Focus on Value
Overall value for the price and special sale prices reportedly grew as top factors that influence where consumers shop for gifts in 2023, identified by more than 40 percent of holiday shoppers in a recent holiday purchase intentions consumer survey conducted by Circana.
TJX Raises Outlook on Q3 Beat
The TJX Companies, Inc. lifted its guidance for sales and EPS for the year after seeing third-quarter results exceed targets. Q3 same-store sales grew 7 percent at the Marmaxx segment and 9 percent at HomeGoods, driven entirely by customer traffic.
Nike, Inc. Increases Quarterly Cash Dividend by 9 Percent
The company’s Board of Directors approved a quarterly cash dividend of 37 cents per share on its outstanding Class A and Class B Common Stock.
Target’s Q3 Profits Handily Top Guidance, Sales Drop
Target reported third-quarter earnings were well above guidance but same-store sales fell for the second consecutive quarter and are expected to decline in the fourth quarter amid continued declines in discretionary categories.
Swiftwick appoints new CEO, adds Board Members
Swiftwick hired former Away executive Mark Chou as CEO and appointed Jimmy Leach, former VP of international sales at Toms and K.P. McNeill, CEO of Imogene + Willie and co-founder and former CEO of Billy Reid, to its board.
Bowflex Cuts Fiscal Year Guidance on Low Customer Demand
The company formerly known as Nautilus, Inc. reported fiscal second quarter net sales declined 25.7 percent to $48.7 million in the period ended Sept. 30. The sales decline was said to be driven primarily by lower customer demand.
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