Neil Cole, the founder and former CEO of Iconix Brand Group, was convicted of securities fraud and other charges for misleading investors about the company's earnings. Cole was found guilty of all eight criminal charges against him by a unanimous jury Monday in a New York court. He was charged in 2019 with fraudulently inflating Iconix earnings. (Read More)
Feetures, the family-owned and operated sock manufacturer, announced that John Gaither, who has been the company's COO, would succeed his father, Hugh Gaither, founder and CEO, effective January 1, 2023. Hugh Gaither will evolve his role as chairman of Feetures' executive committee. (Read More)
REI Co-op will open a new store in Marina del Rey in spring 2023. The 24,000-square-foot site is the retailer's 30th store in California. (Read More)
Swiss running brand On has added men’s and women’s apparel to its resale program. The move follows the September launch of Onward resale site and online trade-in program initially focused on footwear. (Read More)
Jack Wolfskin hired new leadership for the UK and Nordic regions to align with the company's global growth strategy, firs reported in 2021. (Read More)
Nexgen Packaging, a provider of packaging for the retail, apparel and footwear industries, hired James Welch as CEO. Welch assumed the role in October, after having been the company's co-CEO since June 2021. Co-founder Andy Effron moved from the co-CEO role to the chairman. (Read More)
Shopify, Inc. reported a record-setting Black Friday with global sales of $3.36 billion from the start of Black Friday in New Zealand through the end of Black Friday in California—marking a 17 percent increase in sales over Black Friday in 2021, 19 percent on a constant-currency basis. (Read More)
U.S. shoppers spent a record $9.12 billion online this Black Friday, according to Adobe Analytics, which tracks sales on retailers' websites. That’s a 2.3 percent increase compared to $8.92 billion in 2021 and also up from $9.03 billion the in 2020. (Read More)
According to Mastercard SpendingPulse, U.S. retail sales on Black Friday were up 12 percent year-over-year, excluding automotive, in-store sales increased 12 percent year-over-year, and e-commerce sales experienced sustained growth, up 14 percent. (Read More)
Designer Brands Inc., the parent of DSW, announced two new appointments, Rich Paul and Tami J. Fersko, to its Board of Directors. (Read More)
