The 16,000-square-foot L.L. Bean store will be the retailer’s fourth new location to open in 2024, giving it 61 stores in the U.S.
Author: SGB Media
NRF: Import Cargo Could See Surge Ahead of Potential Port Strike and Trump Tariffs
Import volumes at the nation’s major container ports could be higher than previously expected for the remainder of this year as retailers face another potential East Coast/Gulf Coast port strike and tariff increases planned by President-elect Donald Trump, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Blackcrows Partners with Rapha to Open Nest Pop-Up Shops in Boulder and Seattle
The French ski brand and maker of performance ski products and apparel, opened its first U.S. pop-up shops in collaboration with Rapha in Boulder, CO and Seattle, WA on November 1. They will remain open through the winter season.
StockX CEO to Step Down, COO Named as Successor
StockX announced that its CEO, Scott Cutler, has chosen to step down at the close of the year, succeeded by the online sneaker marketplace’s Co-Founder, President and Chief Operating Officer, Greg Schwartz.
Adidas SPZL Reunites with C.P. Company to Celebrate with 10th Anniversary Collection
In 2021, Adidas SPZL and C.P. Company marked the company’s 50th Anniversary with the collaborative Italia CP SPZL trainer. To honor the label’s 10th Anniversary, the Adidas SPZL and C.P. Company collaborated once again, this time on an apparel, footwear, and accessories collection.
Xponential Fitness Posts Q3 Loss on Flat Sales
Xponential Fitness, Inc. posted a net loss of $18 million in the third quarter after litigation expenses, impairment charges and other acquisiton-related charges. North America system-wide sales grew by 21 percent but corporate revenue was flat as higher franchise and equipment revenues were largely offset by a decline in other service revenue.
Golden Goose’s Debt Ratings Upgraded on Improving Sales
Moody’s Ratings upgraded Golden Goose S.p.A.’s debt ratings due to its strong revenue and profit performance in recent years with the aid of store openings. Sales have vaulted 60 percent from December 2021 to June 2024.
Puma NYC Flagship + A$AP Rocky Debut Latest Motorsport-Inspired Collection
Last night, November 7, Puma held a store event for customers with A$AP Rocky to debut the brand’s latest motorsport-inspired collab collection of footwear, apparel and accessories.
Schoeller to Close Swiss Manufacturing Plant, 170 Employees To Lose Jobs
The company cited Switzerland’s high labor and energy costs, the strong Swiss franc, and poor market environment since the pandemic to cover production costs. However, the company will continue production of its high-tech textiles in Asia with no disruption.
Black Diamond Parent Q3 Hurt by Outdoor Channels, Product Line Simplification Strategy
Outdoor segment (Black Diamond) sales were $49.3 million in the third quarter, compared to $61.1 million in the year-ago quarter. Sales in the Adventure segment (Rhino-Rack, Maxtrax and Tred Outdoors) decreased 11.9 percent to $17.8 million.
NRF: Holiday Spending on Track for Steady Growth Amid ‘Mixed Signals’ on Economic Data
NRF Chief Economist, Jack Kleinhenz, reported in the November Issue of the NRF’s Monthly Economic Review, that it continues to expect steady sales growth for the winter holiday season despite contradictions in the latest economic indicators.
The Buckle’s October Comps Show Slight Gain
Buckle, Inc. reported that comparable store net sales for the 4-week period ended November 2 and increased by 0.6 percent year over year. Net sales increased 0.1 percent to $87.9 million from $87.8 million a year ago.
Caleres Adds Two Board Members
The parent of Famous Footwear has added Kyle Gendreau, CEO of Samsonite International S.A. and Molly Langenstein, former CEO of Chico’s FAS, to its board, bringing the total to twelve members.
Lancer Systems Adds New Sales & Marketing Manager
Molly Teutimez joins Lancer with over ten years of experience in sales management, marketing and operational sales, most recently having worked for American Outdoor Brands.
HanesBrands Raises EPS Outlook On Improving Q3 Profitability
HanesBrands Inc. raised its earnings guidance for the year after reporting third-quarter sales reached the mid-point of its expected range with operating profit and EPS arriving at the high-end of targets.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal