Nexgen Packaging’s management team will continue to manage the business under its current CEO, Jim Welch. The acquisition will allow both companies to integrate their global sales and manufacturing networks.
Category: Apparel
BJ’s Wholesale Club Adding Ohio Ambient Distribution Center
The new 500,000-square-foot facility, expected to open in early 2027, will join eight BJ’s clubs in the state.
Circana Sees Consumers Shift Back to Value and Need in January
During the combined weeks ending January 11 and January 18, discretionary spending was down flat compared to the prior year, the company reported, with major environmental events impacting the country.
Canada Goose Obtains Regulatory Relief for Share Repurchase Program
Absent the exemptive relief, the company said purchases under the Current Bid on the U.S. Markets would be limited to a maximum of 5 percent of its outstanding shares at the beginning of any 12-month period.
Canada Goose Appoints Luxury Fashion Vet as SVP Merchandising
Judit Bankus, most recently chief merchandising officer at Stella McCartney, is expected to play a key role in shaping Canada Goose’s product roadmap through a lens of sustainability and innovation.
Equip Outdoor Moves Group Marketing Director to Senior Role in U.S. Office
Jon Frederick will move to Colorado and now reportedly function as a senior figure in the U.S. office. Ross Herr will remain as Equip’s VP of U.S. sales. Adam Chamberlain has reportedly left the business.
Bain & Co. Releases 2025 Retail Forecast, Outlines Key Initiatives for Retailers
Bain suggests in its report that retailers face a pivotal moment in 2025. The firm said that for retailers to thrive in 2025 it will require fresh strategies around emerging technologies, customer loyalty, operations, and adaptation.
EXEC: REI Greensboro Employees Unionize; SoHo Ski Workers Get PPE Agreement
RWDSU said in a statement that REI Greensboro workers first began organizing in the wake of REI’s October 2023 round of layoffs, which cut the jobs of 275 of “the most experienced workers.”
EXEC: Kappa Retail Stores in China Moderate Decline in Fiscal Q3
Same-store sales for the Kappa-branded stores, which have been in operation since the beginning of the same quarter last year, were down in high-single-digits on a year-over-year basis.
EXEC: Saucony Posts 60 Percent Retail Growth in China
The MS (China) Sports Company Limited, a direct wholly-owned subsidiary of Xtep International Holdings Limited, operates under licensing and royalty agreements for the Merrell and Saucony brands and subsidiaries in China.
EXEC: KMD Saw Holiday Turnaround for Rip Curl; DTC Gives Lift to All Brands
The company said in its preliminary report that the total sales result was driven by improving trends in the direct-to-consumer channel for all brands. Wholesale sales have taken longer to recover and continue to decline year-over-year.
EXEC: Brendan Hoffman Takes Helm at Vince Holding Corp. Through New Venture
The new venture, P180, was Co-Founded by Christine Hunsicker, founder and CEO of CaaStle, Inc., and Brendan Hoffman, the former CEO of Wolverine Worldwide, Vince, Bon Ton, Lord & Taylor, and other luxury retail brands.
Bass Pro Shops To Open Outdoor Superstore in Mississippi
The new 75,000-square-foot outdoor superstore is scheduled to open in 2027 along the I-10 corridor in Biloxi, MS. This will be the first Outdoor Superstore for Bass Pro Shops in southern Mississippi.
EXEC: Puma SE Shares Fall Over 20 Percent on Analyst and Investor Concerns
Puma SE shares opened 16 percent lower in Europe on Thursday morning, January 23, after the company’s pre-announcement of 2024 fourth quarter and full-year results caused a stir overnight.
Beyond Yoga Parent Appoints Sephora CEO to Board of Directors
The parent to the Beyond Yoga active lifestyle brand also appointed Artemis Patrick to serve as a member of the board’s Audit and Nominating, Governance and Corporate Citizenship Committees, effective March 1.
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