Company CEO Tom Kingsbury plans to step down as CEO, effective January 15, 2025. He will stay remain in an advisory role to Kingsbury and retain his position on Kohl’s Board of Directors through his retirement in May 2025.
Category: Footwear
Kohl’s Shares Plunge 17 Percent as CEO to Exit and Q3 Results, Holiday Outlook Disappoint
The mid-tier retailer’s outgoing CEO Tom Kingsbury said in a Tuesday, November 26, media release that third quarter results did not meet expectations as sales remained soft in the retailer’s apparel and footwear businesses.
EXEC: Dick’s SG Beats Q3 Expectations; Increases 2024 Comp Sales and EPS Outlook
The company raised full-year 2024 guidance for comparable sales growth to a range of 3.6 percent to 4.2 percent, up from 2.5 percent to 3.5 percent previously, and raised diluted EPS guidance to between $13.65 to $13.95 per share, up from $13.55 to $13.90 previously.
Gymshark Opens Holiday Pop-Up on Wooster Street in NYC
This pop-up offers a glimpse of what consumers will find in the U.K.-based brand’s first permanent U.S. flagship, scheduled to open in 2025.
Skechers Signs NFL Kansas City Chiefs Head Coach Andy Reid to Slip-Ins Team
As a brand ambassador for Skechers Hands Free Slip-ins. He will appear in a print ad campaign in 2025 that “illustrates the comfort and convenience of the brand’s innovative and effortless signature footwear collection.”
EXEC: VF Corp. Shuttering East Coast DC, Moving Dickies to Vans HQ; 360 Jobs Impacted
The two moves, seen as part of the company Reinvent plan, are expected to impact 242 employees at the Virginia distribution center and another 120 Dickies staff with the move to California.
Nike, Inc. Appoints Executive VP and Chief Human Resources Officer
Treasure Heinle, the company’s chief talent officer, will assume the role of executive vice president and chief human resources officer, effective January 6, 2025. She succeeds Monique Matheson, who has decided to retire after 26 years with the company.
Circana Taps into Kroger Executive Ranks to Find Next President and CEO
Stuart Aitken will join Circana on January 1, 2025 from Kroger, where he has served as chief merchant and marketing officer since 2019. He succeeds Kirk Perry, who has decided to retire from the role. He will remain a Board director.
Study: Consumers Are Returning to Brick & Mortar Stores Post-Election
Shoppers are returning to brick-and-mortar stores in significant numbers this holiday season amid a notable cutback in post-election seasonal spending, according to a new consumer survey by First Insight, a customer-driven AI-powered retail platform.
Hari Mari Appoints Chief Merchandising Officer
Kate White will lead its newly expanded merchandising arm. She most recently worked as the head of commercial merchandising for North America and Europe at Fossil Group.
Walmart de México y Centroamérica Celebrates Opening of 2,500th Bodega Aurrera
The new store, which joins the 31 stores that Bodega Aurrera operates in the state, has over 21,000 square feet and will generate over 50 new jobs.
Macy’s, Inc. Delays Q3 Results After Employee Hid More Than $132M of Delivery Expenses
A single employee with responsibility for small package delivery expense accounting intentionally made erroneous accounting accrual entries to hide approximately $132 million to $154 million of cumulative delivery expenses from Q4 2021 through Q3 2024.
USPS to Raise Rates in 2025 to Remain Competitive
The changes would raise shipping service prices by approximately 3.2 percent for Priority Mail and Priority Mail Express, 3.9 percent for USPS Ground Advantage, and 9.2 percent for Parcel Select.
Birkenstock Opens Seventh U.S. Store in Boston, MA
The opening of the Boston store on Newbury Street marks the seventh Birkenstock owned-store in the United States alongside locations in New York City, Brooklyn, Venice Beach, Miami, Marin County, and Austin.
Levi Strauss Continues Retail Expansion in Canada Ahead of Holiday Season
Store locations in Kelowna and Toronto will help expand Levi’s brand presence in British Columbia and Ontario, while a third store in Midtown Saskatoon, Saskatchewan, will be the first owned-and-operated location in the province
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