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Updates

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. (Read More)

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. (Read More)

Daiwa Appoints New President Of Americas

Daiwa Corp. reported that Carey Graves has been promoted to president of American Daiwa, the company’s United States operation. Graves replaces Trevor Teragaki, who has been elevated to board chairman and also represents Daiwa USA as a board member for Globeride, Inc., Daiwa’s Japan-based parent company.  (Read More)

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