According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, total retail sales, excluding auto, increased 8.4 percent year-over-year (YOY) in March and 18.0 percent compared to pre-pandemic spending (2019), not adjusted for inflation.
Author: SGB Media
Shein Raises Over $1 Billion In Funding Round
Shein, the Chinese fast-fashion company, raised between $1 billion and $2 billion in the funding round at a valuation of $100 billion, according to reports.
Beach Bunny Swimwear Opens Four Stores
Beach Bunny Holdings, LLC., the female-founded swimwear brand, announced the opening of four new retail store locations in Tampa, Los Angeles, San Diego, and Houston.
Rally House Expands With Two Stores
Rally House opened its third Kentucky location in Simpsonville and 17th Texas location in Waco.
Gymshark To Restructure As It Preps For U.S. Expansion
Gymshark could lay off as many as 10 percent of its workforce in an overhaul of the online-only retailer according to reports. The Financial Times reported that the sportswear group also plans to create 100 new jobs as it focuses on the lucrative U.S. market.
U.S. Ports Seeing Brief Slowdown From Last Year But Imports Remain High
The nation’s major retail container ports have begun to catch up with the backlog of cargo seen over the past several months but could experience another surge this summer, according to the monthly Global Port Tracker report released by the National Retail Federation.
Fabletics Names Chief Design And Merchandising Officer
El Segundo, CA-based Fabletics, announced that it hired Kelli Dugan as chief design and merchandising officer, responsible for product creation, including merchandising, design and planning. Dugan will also lead the ongoing global expansion of its business into men’s, loungewear and swim.
KKR Formalizes Offer For Accell Group
In a joint press release, Accell Group, the parent of Raleigh, Ghost, Haibike, and other bike brands, and a private consortium headed by Kohlberg Kravis Roberts & Co. (KKR) recommended shareholders accept the all-cash offering for its shares for 1.56 billion euros ($1.76 billion).
Designer Brands Sets $4 Billion Goal For Fiscal 2026
Designer Brands, the parent of DSW, raised its EPS outlook for the current year and established a goal of reaching $4 billion in sales by fiscal 2026. The update comes as the company on Friday holds an Investor Day Event.
Youth Athletes United Teams Up with Former MLB All-Star
Youth Athletes United, the 291-unit multi-brand youth sports franchisor behind Little Rookies Baseball, Soccer Stars, Amazing Athletes, TGA Premier Sports, and JumpBunch, announced a new partnership with former Major League Baseball All-Star Ben Grieve. As a brand ambassador, Grieve will help impact Little Rookies Baseball, Amazing Athletes and JumpBunch franchisees through local programming, clinics and by sharing his […]
Good To-Go Expands Sales, Marketing And Operations Team
Good To-Go, the Maine-based dehydrated gourmet meal brand, has added six hires to its sales and marketing and operations team.
NFL, MLB And Players Unions Increase Investments In Fanatics
The NFL, NFLPA, NHL, MLB, and MLBPA all increased their stakes in Fanatics as part of a recent $1.5 billion funding round, Fanatics has confirmed.
Progression Brands Group Names VP
Progression Brands Group (PBG) announced that Jeff Burkley had accepted the newly created position of vice president. Burkley will be responsible for developing and leading commercial strategies across the company’s multi-brand portfolio, including Capranea Apparel, DAHU Ski Boots, Movement Skis, YNIQ Eyewear, and Crazy Apparel.
Carhartt Appoints Chief Information Officer
Carhartt announced the promotion of Katrina Agusti as chief information officer.
Unleashed Brands Names COO And EVP Of Strategy
Unleashed Brands, the franchiser of Urban Air, Snapology, The Little Gym and Premier Martial Arts, has hired Joe Luongo as chief operating officer and executive vice president of strategy.
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