The 5.7 percent decline for the 5-week fiscal June period comes on top of a 2.4 percent comp sales decline in the 2023 June period. Net sales for the month decreased 5.8 percent year-over-year to $101.7 million.
Author: SGB Media
Dream Pairs Expands Retail Footprint, Opens Store in Bergen Town Center
In addition to opening its second retail store, Dream Pairs also maintains a robust presence across online platforms and retail channels, including Amazon, Walmart, Shein, Nordstrom, TikTok Shop, and its corporate website.
EXEC: Accell Group Mired in Legal and Financial Woes in Cargo Bike Recall
The company recently shared a business and financial update with its shareholders and business partners informing them on current performance, but the status of the Babboe Cargo Bike recall and repair operation is reportedly causing major headaches.
Report: Revising Expectations for the Back-to-School Season
Retailers gearing up for back-to-school (BTS) season may have one less week to prepare and plan for the expected surge in families shopping for new sneakers and other footwear this year due to the shift in the retail calendar.
Lotto Launches Pickleball Collection at Dick’s; Adds Pablo Tellez as Brand Ambassador
The new pickleball line, which expands beyond Lotto’s soccer and tennis collections, includes equipment and footwear for both men and women. Tied to the announcement, Major League Pickleball and PPA Tour player Pablo Tellez, was added to Lotto’s roster of over 300 athletes globally.
TAG Sports Gear Welcomes New President
Rebecca White has ten years of experience working in sales and direct-to-consumer business, running her own online health coaching company, mergers and acquisitions, private client banking, and investor relations.
REI’s Chris Speyer to Join MEC as New Chief Merchandising Officer
Speyer, who has worked as REI Co-op’s CMO for the last seven years, reportedly brings over thirty years of leadership experience in the specialty outdoor retail, wholesale, and direct-to-consumer businesses.
EXEC: Rossignol Reopens Paris St–Germain Store
Joining a host of other brands freshening or expanding their Paris retail presence for the Summer Olympics, The Rossignol Group has reopened its Paris St–Germain store following a complete renovation.
REI Co-op Appoints SVP, Chief Technology Officer
Guillaume Ledieu succeeds Dan Shull, who will depart REI on July 12 for a new opportunity. Guillaume joined the co-op in 2023 as VP of foundation technology and has already had an incredible impact in his short time working for the company.
EXEC: Anta Sports Sees Fila’s China Retail Sales Growth Slow in Q2
The Fila brand increased in mid-single-digits year-over-year in the second quarter, a moderation from the high-single-digit first quarter trend and the high-teens trend for full year 2023.
EXEC: Giant Group Sees Much Improved Q2 Revenue Trend
Second-quarter revenues were down 5.6 percent to NT$21.17 billion, an improvement from the 20.3 percent sales decline in the first quarter of this year and the 16.0 percent decline in the second quarter of last year.
EXEC: Footwear Factories See Diverging Trends in June
Yue Yuen’s footwear manufacturing revenue grew 2.9 percent year-over-year in June 2024 while Feng Tay Enterprises reported footwear manufacturing revenues were essentially flat for the month of June, rising just 0.8 percent
Locally Names First Chief Marketing Officer
Karen Sage joins the company as CMO to further fuel Locally’s expansion as it marks a 12-month growth trajectory to over $1.8 billion in retail referral sales.
American Exchange Group Acquires Island Surf Company
Island Surf Company will become a division of White Mountain Footwear, a brand that American Exchange acquired in January 2023. Joe O’Brien will reportedly continue to lead the Island Surf Company brand.
Macy’s, Inc. Appoints New Chief Information Officer
Keith Credendino, who is currently SVP of technology product development, customer experience, will succeed the retiring Laura Miller as CIO, effective August 4, and join the company’s Corporate Strategy Group.
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