Studies arrived showing Nike and Lululemon ranking high among favorite retailers for millennial and Gen Z consumers; Outdoor Voices landing among LinkedIn’s top startups and research on visual search, online personalization, Walmart’s online share gains and voice assistant shopping.
Author: SGB Media
Yue Yuen’s Sales Climb 5 Percent In August
Yue Yuen Industrial Holdings Limited reported sales in August reached $799.5 million against year-ago revenues of $761.3 million, a gain of 5.0 percent.
Farfetch Expects To Raise $447 Million In IPO
London-based luxury online marketplace Farfetch expects to raise approximately $446.5 million in the company’s initial public offering, according to an updated regulatory filing.
Multi-Industry Coalition Urges USTR To Avoid Further Trade Escalation With China
The National Retail Federation and more than 150 organizations representing U.S. retailers, manufacturers, farmers, technology companies, natural gas and oil companies and other industries urged the Trump administration to avoid further escalation with China and warned of the negative impact of tariffs on American businesses, families and workers.
August Retail Jobs Increase Nearly 90,000 Over 2017
Retail industry employment in August increased by 89,100 jobs unadjusted over the same time last year despite a seasonally adjusted drop of 9,700 jobs from July, the National Retail Federation said Monday. The numbers exclude automobile dealers, gasoline stations and restaurants. Overall, U.S. businesses added 201,000 jobs over July, the Labor Department said.
Surf Technicians Hires Veteran Sales Rep For Florida
Surf Technicians LLC. welcomed Mark Mertens to the team, Mertens will be focused on the state of Florida and will be the lead sales rep for all Surf and Stand Up Paddle product lines under the Surftech and NSP brands.
Lululemon Wins Lawsuit Over Alleged Patent Infringement
The Federal Circuit affirmed a Delaware federal court’s determination that Lululemon’s Run: Stuff Your Bra did not infringe on intellectual property covering a sports bra with an “innovative storage compartment,” according to Law360.
Steelo Becomes First Black-Owned Baseball Glove Company In MLB
Steelo Sports, a baseball start-up company out of Los Angeles, became the first modern-day, black-owned baseball glove brand to be used in a Major League Baseball Game.
Untuckit Announces First International Store, Wayne Gretzky As New Partner
Untuckit, the creator of the original untucked shirt, announced today the opening of the company’s first international retail location in Toronto.
Motiv Group Appoints Chief Executive Officer
Motiv Group, an active lifestyle, sports and entertainment company, announced the appointment of Sam Renouf as the company’s chief executive officer, effective immediately.
Two Ten Footwear Announces Honorees
Michael Greenberg, co-founder and president of Skechers; Katie Butler, general manager at Franco Sarto, and Zappos are being honored by Two Ten Footwear Foundation.
Moosejaw’s CEO Addresses Walmart Concerns In Open Letter
On Linkedin, Eoin Comerford, Moosejaw’s CEO, wrote an open letter to the outdoor industry asserting that the development of the Premium Outdoor Store on Walmart was done in the spirit of “inclusivity” and he’s “surprised by the vehemence of the attacks by some of our industry’s leading retailers and the threats to drop brands that participated.”
Journeys Powers Genesco Ahead In Q2
Driven by huge gains in revenues and profitability at Journeys, Genesco Inc. reported the company’s first positive store comp in eight quarters while posting a surprise profit in the second quarter. Said Bob Dennis, Genesco’s CEO, “Despite lapping positive comparisons when Journeys successfully emerged from the fashion shift a year ago.”
Aisle Talk Week Of September 3
Top headlines from the active lifestyle industry you may have missed this week, including the tragic death of Jason Hairston, the founder of the KUIU hunting apparel brand.
Zumiez Q2 Gets Boost From Vans
Zumiez delivered the company’s “strongest second quarter in several years,” according to Rick Brooks, CEO, with a big boost from Vans.
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