Dearfoams Appoints President

Dearfoams announced Jocelyn Thornton as its new brand president. The hiring comes as Dearfoams, best known for its slippers, is moving into multi-category segments including home, sleepwear and socks, and is expanding within the comfort shoe category.

Eliel and Co. Appoints Senior Executives

Eliel and Co., parent company of advanced technical apparel brands Eliel Cycling and endurance brand, Wattie Ink., has hired a third key executive to round out its senior leadership team.

RYU Apparel Sets Goal To Reach $50M In Annual Revenues In 2025

In a mid-year update to shareholders and investors, Rob Blair, COO, RYU Apparel Inc., said the company had set a $50 million net revenue target by 2025. The Vancouver-baed athletic apparel brand intends to reach an operating ratio of more than 35 percent and more than $15 million in EBITDA.

May Retail Sales Continue At Near-Record Levels

Retail sales remained at elevated levels in May despite month-to-month fluctuations that masked near-record performance, the National Retail Federation said. Sporting goods stores were down 0.8 percent month-over-month seasonally adjusted but up 40.9 percent unadjusted year-over-year.

NRF Calls On White House To Address Port Congestion Challenges

The National Retail Federation delivered a letter to the White House asking to meet with President Biden and other top administration officials regarding the challenges retailers are facing from continued supply chain disruptions that are leading to congestion at U.S. ports.

Saks Appoints NBA All-Star To Board

Saks has appointed NBA All-Star, entrepreneur and investor, James Harden, as an independent member of its Board. Harden also made a minority investment in the retailer.