Centric Brands Appoints President of Kid’s Division

Based in New York, Rob Smith will report directly to CEO Jason Rabin as president of the company’s Kids’ Division and join the company’s executive leadership team. He replaces Steve Pinkow who has served as Kid’s Group president for 17 years.

Stretch Zone Opens Third Location in Connecticut

The a nationwide franchise providing practitioner-assisted stretching services, s being operated by Chad and Jennifer Sklodosky, local owners and first-time franchisees. The company has over 300 locations across 40 states. This is its third location in Mystic, CT.

Raleigh’s Runologie Shutters

The only independently owned and operated specialty running store in Raleigh was located at 1614 Automotive Way near the Mordecai neighborhood. The store closed on June 30

Lululemon Opens First Store in Italy

Located at Vittorio Emanuele II 24/28, the store spans roughly 5,700 square feet across two floors and officially opens July 19. The store’s product line supports yoga, running, training, tennis, and golf.

June Retail Sales Top Expectations

Retail sales rose a better-than-expected 0.6 percent in June versus May, the Commerce Department reported, after two consecutive months of spending declines. June’s number topped the 0.2 percent gain economists projected in a FactSet poll. 

NRF’s Chief Economist Transitions to Senior Economic Advisor

The National Retail Federation announced on Thursday, July 17, that Jack Kleinhenz, NRF’s chief economist since 2010, is stepping down to serve in a new capacity as senior economic advisor. NRF Executive Director of Research Mark Mathews will become NRF’s new chief economist while continuing to lead the research team.