Torrid Holdings Inc. reported that fiscal first quarter net sales decreased 11.8 percent to $293.9 million. Comparable sales decreased 14 percent. Net income was $11.8 million, or 11 cents per share, in the quarter, compared to net income of $24.1 million, or 23 cents per share in Q1 last year. (Read More)
Bell Sports, Inc., in cooperation with the U.S. Consumer Product Safety Commission (CPSC) and in conjunction with the Canadian government, is recalling Giro Merit bicycle helmets manufactured before January 2023. (Read More)
Adidas announced a new program to help U.S. employees working in any area of the company pay off their student loans. (Read More)
Oxford Industries, Inc. reported that consolidated net sales in the first quarter ended April 29 increased 19 percent to $420 million. On an adjusted basis, EPS increased to $3.78 compared to $3.50 in the first quarter of fiscal 2022. (Read More)
HanesBrands signed a new primary apparel partnership with The University of Minnesota. The ten-year strategic agreement gives HBI exclusive rights to design, manufacture and distribute fanwear across mass and campus/local retail channels. (Read More)
Puttshack named Susan Burke as general counsel and chief risk officer and Rocio DeJesus as head of people and talent. (Read More)
The National Retail Federation elected five new members to the organization's Board of Directors during the trade association's summer board meeting in Washington, D.C. (Read More)
Import cargo volume at the nation’s major container ports is expected to be 22 percent lower during the first half of 2023 than the same time last year despite increased consumer spending, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates. (Read More)
The latest update to Placer.ai’s Mall Index, Placer.ai Mall Index - May 2023 Recap, shows that shopping malls continue to bear the brunt of consumer concerns regarding the economy, as foot traffic fell year-over-year at indoor malls, open-air lifestyle centers, and outlet malls. (Read More)
U.S. Polo Assn., the official brand of the United States Polo Association (USPA), broke the $2 billion milestone in 2022, delivering a record $2.3 billion in global retail sales for the year. (Read More)
