Centric Brands LLC announced the addition of two new roles at the company. Sid Keswani joins as president, and Ruth Hartman joins the company’s Board of Directors.
Category: Apparel
Retail Cargo Imports Set New Record As Economy Recovers
Imports at retail container ports hit a new record this spring and volume during the first half of 2021 is expected to be a third higher than last year as the economy continues to recover from the pandemic, according to the monthly Global Port Tracker report released by the National Retail Federation.
JD Sports Announces Board Change
JD Sports Fashion Plc announced that Andy Rubin has stepped down from the Board as a Non-Executive Director, effective May 6. Andy Rubin will be replaced by Andy Long, former CEO of Pentland Brands.
Eddie Bauer To Be Sold To Authentic Brands And Simon
Authentic and SPARC Group, a joint venture between Authentic and Simon Property Group, are acquiring Eddie Bauer, including its 300 stores and e-commerce business, from a unit of Golden Gate Capital.
PacSun Announces Leadership Transition
PacSun announced a leadership transition whereby Alfred Chang, PacSun president, and Michael (Mike) Relich, interim CEO of PSEB Group, will be elevated to co-chief executive officers, and Brieane (Brie) Olson, PacSun’s chief brand officer, will be promoted to president.
Former Nike Retail VP Joins Tailored Brands
Tailored Brands appointed Karla Gray, a former VP at Nike’s retail operations, as EVP and chief stores officer.
Mastercard SpendingPulse: April U.S. Retail Sales Grow 23.3 percent
U.S. retail sales excluding automotive and gasoline increased 23.3 percent year-over-year in April, and 10.8 percent compared to April 2019, according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. Online sales in April grew 19.9 percent and 95.6 percent, respectively, compared to the same periods.
Hibbett Sports Opens In Richmond, VA
Hibbett Sports announced the opening of the newest Hibbett Sports in Richmond, VA.
Report: Icebreaker To Undergo Restructuring
Icebreaker plans to eliminate from 40-to-50 jobs in its home country of New Zealand in a reorganization designed to better support global growth, according to the NZ Herald.
Adidas Lifts Sales Guidance Despite Lockdowns, Supply Chain Issues
Adidas raised its 2021 sales outlook as first-quarter revenues grew 27 percent on a currency-neutral basis and profits returned to near pre-pandemic levels. Across the company’s three strategic markets, currency-neutral sales expanded at a triple-digit rate in Greater China (+156 percent) in the first quarter and increased in the high-single-digits in both North America (+8 percent) and EMEA (+8 percent).
J.C. Penney Cuts 650 Jobs
J.C. Penney has eliminated about 650 jobs in an effort to adjust “our structure to better meet our strategic priorities,” according to a company statement. The job cuts followed an operational review by new owners Simon Property Group and Brookfield Asset Management.
Delta Apparel’s Q2 Sales Rose 12 percent
Delta Apparel Inc. reported earnings tripled in the second quarter ending April 3 on a 12 percent sales gain.
Puma Appoints New CFO And Chief Commercial Officer
Puma has appointed Hubert Hinterseher as its new chief financial officer and Arne Freundt as its new chief commercial officer starting June 1.
Buckle’s Comps Increase More Than Seven-Fold In April
Buckle Inc. announced that total net sales for the 4-week fiscal month ended May 1, 2021 increased 718.0 percent to $93.6 million from net sales of $11.4 million for the prior year 4-week fiscal month ended May 2, 2020.
Academy Sports Announces Pricing Of Secondary Offering
Academy Sports + Outdoors Inc. announced the pricing of the previously announced underwritten secondary offering by certain of its stockholders, including affiliates of Kohlberg Kravis Roberts & Co. L.P., of 14 million shares of common stock.
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