Craft Sportswear North America plans to move its U.S. headquarters from Beverly, MA, to Seattle, WA, in 2024 to “bolster the brand’s expansion in outdoor and specialty retail, all while streamlining operational efficiencies.” Cutter & Buck exec Jake Rawson has been named the new CEO for Craft North America.
Author: SGB Media
NBDA Elects Two New Board Members
The National Bicycle Dealers Association (NBDA) elected Clark Butcher from Victory Bicycle Studio in Memphis, TN, and Greg McDonald from Ridleys in Calgary, BC to its Board of Directors.
Caleres Appoints SVP of International
Caleres announced that Erica Mackoul joined the company as senior vice president of international. Most recently, she worked at Cole Haan.
Running USA Appoints Director of Operations
Running USA announced that Michael Clemons accepted a permanent position as director of operations, effective December 1. Clemons has been working as a contractor for the organization since September.
StockX Sets New Single-Day Trade Record on Black Friday
StockX reported strong results over the four-day Cyber Weekend, setting a new single-day trade record and averaging more than one trade every second on Black Friday. Brands receiving attention from buyers included Jordan, The North Face, Ugg, New Balance, and Fear of God.
Pentland Brands Drives 100-1-0 Sustainability Ambitions
Pentland Brands reported it has partnered with Segura, a UK-based software solutions provider, to map its entire multi-brand, multi-tier supply chain—from the first tier to raw materials—across its global operations.
Hudson Bay Appoints New President and CEO
Hudson’s Bay appointed Liz Rodbell as president and CEO of the Canadian retailer, effective December 1. She succeeds Sophia Hwang-Judiesch, who is stepping down as president to pursue another opportunity.
New Balance Opens Second UK store in Westfield White City
New Balance opened a second retail store in the UK, this time in Westfield White City, on November 27. The retail concept puts people, rather than products, front and center, to inspire each other and find their “authentic” style.
Foot Locker Tops Expectations in Third Quarter
Foot Locker, Inc. reported a significant drop in earnings in the third quarter on an 8 percent same-store sales decline but both earnings and sales topped analyst expectations amid progress on its Lace Up turnaround plan. For the year, the sneaker retailer slightly lowered its EPS guidance while slightly raising its sales targets.
JD Sports and Finish Line Introduce Same-Day Delivery
JD Sports and its sister retailer, Finish Line, announced plans to launch same-day delivery across its more than 500 stores in the U.S.
Macy’s Taps Former Caesars Exec as Marketing Chief
Macy’s, Inc. announced that Sharon Otterman was named chief marketing officer of Macy’s. Most recently, she was the CMO at Caesars Entertainment.
NRF: Thanksgiving Holiday Weekend Sees Record Number of Shoppers
A record 200.4 million consumers shopped over the five-day holiday weekend from Thanksgiving Day through Cyber Monday, surpassing last year’s record of 196.7 million, according to the annual survey released by the National Retail Federation. The figures surpassed NRF’s initial expectations of 182 million shoppers by more than 18 million.
Report: Online Apparel Sales Nearly Triple on Cyber Monday
Consumers spent a total of $12.4 billion on Cyber Monday, November 27, according to final Adobe Analytics data, up 9.6 percent from $11.3 billion on Cyber Monday 2022, which was the previous single biggest online spending day of all time.
Academy Sports Settles Firearms Sales Lawsuit
Academy Sports + Outdoors and the families of the victims murdered by Todd Kohlhepp reached a settlement. Academy will reward $2.5 million to the three victims’ estates, leaving each with over $830,000, minus attorney fees.
Academy Sports Opens Seven New Stores in November
Academy Sports + Outdoors opened seven new stores in five states in November 2023 to complete its fiscal 2023 new store planned openings. The retailer opened 14 new stores in fiscal 2023 and plans to expand to reach its goal of opening 120 to 140 new stores by the end of 2027.
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