Lindsay Shumlas, formerly with Manhattan Beachwear and Vici., joins the company in a new combined CFO and COO role, a first for the company. Co-founder Stephan Jacob moves into the new role as chief technology and business development officer.
Category: Apparel
Nordstrom Family Members Look to Take Namesakes Retailer Private Again
The company’s CEO, Erik Nordstrom, and president, Pete Nordstrom, notified the Board of their interest in pursuing a potential transaction pursuant to which Nordstrom would become a private company.
NRF Promotes Adam Lukoskie to Senior VP
The National Retail Federation promoted Adam Lukoskie, executive director of the NRF Foundation, to also serve as senior vice president of NRF.
A4 Goes Green
The manufacturer of sportswear and team uniforms, reported that it is now making all its “most popular” apparel, and the “vast majority” of its line, with recycled polyester.
EXEC: Under Armour’s HR Chief and DEI Leader to Exit Company
Tchernavia Rocker’s departure represents the second female senior executive planning to exit the company in the last two months. Rocker joined UA in February 2019 as chief people and culture officer.
Brixton Taps Former Levi’s, Hurley and Quiksilver Exec as New CEO
Seth Ellison, a Southern California native and 40-plus-year veteran of the lifestyle apparel and action sports categories, takes the helm as CEO of the omni-channel lifestyle brand headquartered in Oceanside, CA.
Fan Outfitters to Continue National Retail Expansion in 2024
A new Lids Sports Group business, Fan Outfiitters’ stores aim to support the sports fan with local team products
Sportsman’s Warehouse Cuts Board Size to Six Members
Board members Erica Fortune, Gregory P. Hickey and Philip C. Williamson have reportedly notified the Board of Directors of their intent to resign as Board members prior to the company’s 2024 Annual Meeting of Stockholders.
EXEC: Adidas Gets Another Yeezy Lift in Q1; Increases 2024 Guidance
Adidas now expects full-year 2024 currency-neutral revenues to increase at a mid- to high-single-digit rate in 2024, up from its previous forecast for a mid-single-digit increase. The latest Yeezy drop added revenues of around €150 million and an operating profit of around €50 million in the first quarter.
The Athlete’s Foot Opening Two New Stores in Baton Rouge
The retailer is opening two new locations in Baton Rouge, LA. The stores will have grand open celebrations on April 19 and April 20.
Gildan Activewear’s New CEO Outlines Key Company Priorities and Guidance
Revenue growth for the full year is expected to be flat to up low-single-digits. Gildan also announced that its preliminary Q1 2024 net sales are expected at approximately $695 million, or down about 1 percent year-over-year.
Prince Teams Up With Target on Limited-Edition Pickleball Collection
Prince, the tennis and lifestyle apparel brand, will release a limited-edition pickleball collection with Target on April 20.
BRC: UK Retail Sales See Good Recovery in March, Outpacing U.S. Trends
The British Retail Consortium said UK total March retail sales increased 3.5 percent year-over-year in March, cycling growth of 5.1 percent in March 2023. This was said to exceed the 3-month average growth of 2.1 percent and the 12-month average growth of 2.9 percent.
NRF Appears to Promote Two Monthly Sales Trend Reports with Differing Data
March’s core retail sales as defined by the NRF, based on the census data but excluding auto dealers, gas stations, and restaurants, were up 1.1 percent seasonally adjusted from February and up 3.2 percent unadjusted year-over-year.
The Resurgence of Wholesale, Harnessing New Strategies for 2024, Part 1
This is Part 1 of 3 in a series of sponsored post from ENDVR.
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