Luxury outerwear brand Nobis opened three stores in Beijing and Shanghai, marking the brand’s entry into the Chinese retail space.
Author: SGB Media
EXEC: Stifel Survey Finds Consumers Prioritize Price/Value Over Sustainability
The survey, which was conducted in partnership with Morning Consult, surveyed active/causal lifestyle brand consumers ages 18 to 55 based in the U.S., UK, Germany, France, and Italy. It found that only one-third of respondents “Highly Prioritize” sustainability when making purchasing decisions, compared to other factors like “Good Value” (68 percent) and “Low Price” (57 percent).
Kizik Amends Credit Facility to Support Growth
Kizik secured an amendment of its credit facility with JPMorgan Chase that provides enhanced financial flexibility to support expansion into new distribution channels, including company-owned retail stores, U.S. wholesale and international markets.
Golden Goose’s Debt Rating Outlook Upgraded by Moody’s
Moody’s Investors Service changed its debt ratings outlook on Golden Goose S.p.A. to positive from stable due to the Italian luxury sneaker maker’s strong performance in 2023 and its solid credit metrics.
Report: Nike and Lululemon Post Epic Retail Traffic Surges on Black Friday
The Placer.ai data revealed that Nike drew 324.9 percent more retail store visits on Black Friday 2023, Lululemon, for its part, saw a visit bump of 467.7 percent on November 24, bringing the brand closer to its pre-pandemic Black Friday frenzy levels.
Thor Industries Sees Q1 Results Hampered by RV Dealer Destocking Pain
Thor Industries, Inc. reported profits fell 60.6 percent in the fiscal first quarter ended October 31 on lower margins and a 19.6 percent sales slump. The RV maker said results were in line with expectations and it reiterated guidance for the year.
Macy’s Names Chief Legal Officer
Macy’s Inc. hired Tracy Preston as chief legal officer and corporate secretary. Previously, she was the chief compliance officer, chief legal officer and corporate secretary of HanesBrands, Inc.
NSSF: November Adjusted NICS Background Checks Climb 5 Percent
The National Shooting Sports Foundation (NSSF) reported that the November 2023 NSSF-adjusted National Instant Criminal Background Check System number increased by 5.0 percent, its second consecutive positive month.
Sporting Goods Industry Mourns the Passing of Jim Easton
Jim Easton, the second-generation owner of the Easton sports equipment companies and a pioneer in aluminum-based manufacturing processes used in sports equipment, died at his home in Los Angeles on December 4 at the age of 88.
Topgolf Callaway Brands’ Debt Rating Revised to Negative
S&P Global Ratings revised its debt rating outlook on Topgolf Callaway Brands Corp. to negative from stable due to its recent report of weaker-than-expected performance for the third quarter despite maintaining relatively consistent S&P Global Ratings-adjusted EBITDA margins.
Isbjörn of Sweden taps Sprout Sales for Canadian representation
Isbjörn of Sweden hired Toronto-based sales agency Sprout Sales, Inc., led by industry veteran Kelly Holmes, as its retail sales agent for the Canadian market.
Watchtower Firearms Hires Indie Sales Rep Agency
Veteran-owned firearm manufacturing company Watchtower, based in Spring, TX, has appointed independent sales rep agency Lou Leamont Sales & Marketing to handle sales on the East and West coasts, effective immediately.
EXEC: DSW Sees Seasonal Footwear Weakness Going into Q4; Parent Cuts Outlook
CFO Jared Poff said that based on what they have seen through the fourth quarter to-date, they do not expect the sales pressures to alleviate as they wrap up the year, especially given the ongoing uncertainty in the macro environment.
Nobull Appoints Ex-Timberland President as COO
Nobull appointed Susie Mulder, the former global brand president of Timberland, as chief operating officer, effective immediately.
Dick’s Partners with Notre Dame Athletics
Dick’s Sporting Goods signed a multi-year partnership agreement with Notre Dame Athletics to become its official sporting goods retailer.
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