EXEC: On Snags Two Upgrades Following Investor Day Event
Shares of On Holding remained down slightly since the company’s Investor Day last week due, apparently, to concerns that On’s third-quarter results will miss estimates. However, two analysts upgraded On’s stock and a number of other upbeat reports arrived in recent days as most analysts were left impressed by its ambitious long-term growth strategy.
Nordstrom Appoints Chief Human Resources Officer
Nordstrom, Inc. hired Lisa Price as chief human resources officer, effective November 6. She joins the retailer from Domino’s Pizza, where she has been executive vice president and chief human resources officer since 2019.
NRI Opens New Distribution Center In Nevada
NRI, the third-party logistics provider supporting apparel, footwear and accessories sellers, opened a new distribution center in Henderson, NV.
Walmart Names VP, Walmart GoLocal
Walmart hired Rina Hurst as vice president of Walmart GoLocal, the retailer’s delivery service platform. Hurst joins Walmart from Shipt, where she was chief business officer.
Bloomingdales To Enter Seattle Market With Smaller Format Store
Bloomingdale’s reported it will enter the Seattle market in 2023 with its smaller format Bloomie’s store. This follows the store’s introduction in Chicago earlier in 2022, and in Fairfax, VA in 2021.
Report: Birkenstock Looks to Price IPO at Top of Range
Birkenstock Holding gained enough investor demand to price its initial public offering at the high end of its indicated price range and reach a valuation of $10 billion.
Hoka Opens First London Flagship
Hoka, owned by Deckers Brands, opened its first retail store in Europe at Shaftesbury Capital’s Covent Garden in London. The 1,750-square-foot space at 2-3 James Street sells the brand’s full line of footwear, apparel and accessories.
Puma SE CEO Sees Return to Growth in the U.S. in 2024
In an interview Friday with Euro am Sonntag, the news outlet, Puma CEO Arne Freundt said he expected Puma to return to double-digit growth in China this year and return to growth in the U.S. in 2024.
Tilly’s Board Member Retires
Tilly’s Inc. announced in a regulatory filing that Bernard Zeichner retired from his position as a member of the Board of Directors, effective October 2.
Pentland Brands Appoints SVPs for Speedo, Ellesse and Canterbury
Pentland Brands appointed Simon Breckon as SVP for Speedo, Jack Richardson as SVP for Ellesse, Kickers and Mitre, and Luke Doddrell as SVP for Canterbury.
Blackcrows Opens New Storefront in Paris
French ski brand Blackcrows opened a new store and community gathering spot in Paris, France, on October 7, at 14 rue du Four.
Puma North America Hires Long-Time Adidas Veteran as SVP Wholesale Sales
Puma announced the appointment of industry veteran Andrew “Rudi” Rudolph as senior vice president, wholesale of North American sales.
Report: September Mall Traffic Was Tough but Promotions Drove Some Big Gains
Placer.ai reported that the year-over-year visit gap to indoor malls and open-air shopping centers widened, following the negative foot traffic trends in the wider retail sector. The company said outlet malls continued to lag behind the other formats in year-over-year visits.
Mammut Hires U.S. Sales Director and Adds Four New Rep Groups
The company hired Vanessa Block as sales director and added Alpin Sales, Inc., Palisades Trading, Three Saints Outdoors, and The Lupine Group as sales representation in the Rockies, West Coast, Midwest and Southeast, respectively.
Shein Appoints Vice Chairman
Shein appointed Marcelo Claure, a current Shein investor, as group vice chairman. In this new role, Claure will help accelerate strategic growth initiatives across all global markets where the Chinese fast-fashion giant has customers.
