NRF Economist Sees Consumer Strength Despite Inflationary Pressure

The economy’s fast-paced growth could slow somewhat as the Federal Reserve tries to bring inflation under control in the next few months, but consumers are likely to keep shopping as lower inflation eases uncertainty, according to the National Retail Federation’s (NRF) Chief Economist Jack Kleinhenz.

Torrid Holdings Shifts Leadership Team Roles

Torrid Holdings Inc. appointed Liz Muñoz to a new role as chief creative officer, Lisa Harper as Muñoz’s successor as chief executive officer, and Tanner MacDiarmid as interim chief financial officer.

Eddie Bauer Appoints Creative Director

Eddie Bauer appointed Christopher Bevans as creative director. A member of CFDA he was recognized for his work with DYNE, earned the 2017 Woolmark Innovation Prize, was named a 2017 CFDA/Vogue Fashion Fund finalist, he was also a senior creative lead at Shopify.

ICSC Survey Highlights Ongoing Importance Of Small Business

International Council of Shopping Centers (ICSC) released the results of its Small Business Consumer Survey that found that 94 percent of adults either shop, spend or use the services of small businesses. Over half of consumers, 54 percent, shop at small businesses at least once a week, and 42 percent frequent small businesses more frequently than before the pandemic.

Kohl’s Increases Rewards Program Earn Rate To 7.5 Percent

Kohl’s announced the nationwide rollout of its new Kohl’s Rewards program enhancement that will offer all Rewards members that use their Kohl’s Card an elevated earn rate of 7.5 percent Kohl’s Rewards on every purchase. Previously, all Kohl’s Rewards members would earn 5 percent Kohl’s Rewards, regardless of payment method.

Descente Transfers Overseas Sales To Japanese Subsidiary

Descente, Ltd., the Japanese company that holds territorial licenses or trademark rights for several Western brands besides its own, has opted to shift the company’s international product sales to its consolidated subsidiary, Descente Japan, Ltd.

G-III Apparel To Buy Karl Lagerfeld Brand

G-III Apparel Group, Ltd. announced that it has entered into an agreement to purchase the remaining 81 percent interest in fashion brand Karl Lagerfeld for €200 million ($210 million USD).

Bass Pro To Open In Irvine, CA

Bass Pro Shops announced plans for a new superstore in Irvine, CA. The new 140,000-square-foot store, expected to open in late 2022 or early 2023, joins a Bass Pro location in Rancho Cucamonga in Southern California.

Obit: Sneaker Designer Peter Moore

Peter Moore, who helped launch Air Jordan 1 for Nike and reinvent Adidas in the nineties, passed away on Friday at 78. The news was revealed in statements from Nike and Adidas.