Hibbett Sports announced a new structural alignment for its merchandising leadership team which will allow the retailer to focus more on consumers with a “toe-to-head” connective approach across its product categories including Mens, Womens and Kids. The new Hibbett/City Gear structure will be organized by gender.
Category: Footwear
Arbor Collective Opens Flagship Store
The Arbor Collective announced the opening of its newest flagship store in San Diego, CA. The Pacific Beach shop joins Arbor’s retail operation in Venice Beach, CA as well as the Arbor Tahoe located in Truckee, CA. The store opening comes as the brand approaches its 25the anniversary.
HanesBrands Appoints Chief Consumer Officer
HanesBrands announced that Greg Hall will join the company as chief consumer officer effective November. 16. He was most recently senior vice president, private brands, at Walmart.
Revolve Group’s Q3 Earnings More Than Double
Revolve Group reported a 2 percent year-over-year decline in net sales in the third quarter ended September 30 to $151 million. The performance reflects a 10-point improvement on a sequential basis compared to the 12 percent year-over-year decline in net sales reported for the second quarter of 2020.
Famous Footwear Appoints New President
Caleres named Michael Edwards president of Famous Footwear, effective November 20. Edwards joined Caleres in 2008, most recently serving as senior vice president of digital commerce, planning, allocation and stores.
ECCO Names Global Head Of Specialty Sales
ECCO announced that it has appointed Erik Walcott as global head of specialty sales overseeing its Outdoor division, effective immediately.
Virtual Golf Industry Show Planned For February 2021
Industry leaders from GCSAA, PGA Tour, USGA, PGA of America, and LPGA will come together virtually February 3, 2020, during the 2021 Golf Industry Show for the general session, “Managing the Challenges of Disruptive Change”.
Yue Yuen’s October Revenues Fell 12 Percent
Yue Yuen Industrial Ltd. reported sales declined 11.6 percent for the months of October to $781 million from $884 million a year ago.
New Government Report Outlines Outdoor Recreation’s Economic Impact
The outdoor recreation industry continues its robust growth, bolstering the country’s overall economy. Such were the findings in a Tuesday report released by The Outdoor Recreation Roundtable and Bureau of Economic Analysis, whose results unveiled economic data on outdoor recreation’s economic impact on the U.S. economy.
Adidas Secures New $1.8 Billion Loan Facility
Adidas AG said that it has secured a new loan facility for €1.5 billion ($1.77 billion) to weather the economic fallout from the COVID-19.
Newell Brands Announces Tender Offer For $300 Million Of Outstanding Debt
Newell Brands launched a debt tender offer to purchase for cash up to $300 million in debt. The company expects to fund the Offer with available cash on hand.
JCPenney Receives Court Approval For Sale
J. C. Penney Company Inc. announced that the U.S. Bankruptcy Court for the Southern District of Texas has approved the previously announced asset purchase agreement (APA) with Brookfield Asset Management, Inc., Simon Property Group and the company’s DIP and First Lien Lenders
Adidas Records Strong Recovery In Third Quarter
Adidas reported sales and profitability recovered in the third quarter as stores reopened, alongside booming e-commerce sales. Adidas no longer expects a return to growth in the fourth quarter due to a worsening of the pandemic in many regions but sees a modest profit.
Imports Set New ‘Peak Season’ Record As Retailers Prepare For Holidays
Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Christy Sports Acquires Double Diamond Ski Shop
Christy Sports announced that it has acquired Double Diamond Ski and Bike Shop, a specialty ski and snowboard retail and rental operator located at Vail, CO.
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