Authentic and SPARC Group, a joint venture between Authentic and Simon Property Group, are acquiring Eddie Bauer, including its 300 stores and e-commerce business, from a unit of Golden Gate Capital. (Read More)
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)
Tailored Brands appointed Karla Gray, a former VP at Nike's retail operations, as EVP and chief stores officer. (Read More)
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)
Hibbett Sports announced the opening of the newest Hibbett Sports in Richmond, VA. (Read More)
Icebreaker plans to eliminate from 40-to-50 jobs in its home country of New Zealand in a reorganization designed to better support global growth, according to the NZ Herald. (Read More)
Adidas raised its 2021 sales outlook as first-quarter revenues grew 27 percent on a currency-neutral basis and profits returned to near pre-pandemic levels. Across the company’s three strategic markets, currency-neutral sales expanded at a triple-digit rate in Greater China (+156 percent) in the first quarter and increased in the high-single-digits in both North America (+8 percent) and EMEA (+8 percent). (Read More)
J.C. Penney has eliminated about 650 jobs in an effort to adjust "our structure to better meet our strategic priorities," according to a company statement. The job cuts followed an operational review by new owners Simon Property Group and Brookfield Asset Management. (Read More)
