Australian Women’s Footwear Brand Opening U.S. Flagship Store
Frankie4 said it is amplifying its presence in North America with its U.S. flagship store location in Bellevue, WA opening in September, adding a permanent location after the success of its Bellevue Square pop-up shop this past April.
Digital Brands Group Announces 1-for-25 Reverse Stock Split
The company will effect a 1-for-25 reverse stock split of its common stock, par value $0.0001 per share, effective on August 22, 2023, at 12:01 a.m., EST, pursuant to the vote of its shareholders on August 21, 2023.
Tractor Supply Launches Open Buying Days
Tractor Supply said the Open Buying Days are open to individuals and businesses nationwide. The event seeks to uncover unique products that align with Tractor Supply’s purpose – to help customers as they live Life Out Here.
EXEC: Retail Market Inventory Woes Create New Opportunities for Off-Price
While the industry headlines have been talking about inventory overhang, liquidations, higher promotions, and coining the term “de-stocking,” the floors at TJ Maxx, Marshall’s and Ross Stores did not swell to the levels that many expected. That wait is now over, and it’s global.
Adidas Renews Partnership With Newcastle United
Adidas renewed its partnership with Newcastle United, the U.K. soccer club that competes in the Premier League, as its kit sponsor.
Columbia Sportswear Names SVP, Global Distribution Network
Columbia Sportswear Company hired Tom Gyles as SVP, global distribution network. He formerly worked for PVH and Gap, Inc.
Aerosoles, White Mountain Parent Acquires Hatch Collective
American Exchange Group, the parent of the Aerosoles and White Mountain footwear brands, moved into the beauty space by acquiring HatchCollective, the manufacturer of beauty and personal care brands.
EXEC: Vipshop Sees Q2 Earnings Jump as Key Site Metrics Point Higher
The online discount retailer for brands in China, including many U.S. active lifestyle brands, reported total net revenues for Q2 increased 13.6 percent year-over-year to RMB27.9 billion (US$3.8 billion).
Study Names Top Product Placement Brands in Movies and TV
Nike, Adidas, Ray-Ban, Converse and Under Armour ranked as the top-five clothing and accessories brands featured as product placement in films, according to a recent study from U.K.-based Merchant Marine.
Dick’s SG Opens Nine New House of Sports Locations
Dick’s Sporting Goods continues to expand the House of Sport brand and format with nine new locations celebrating grand openings in July and August.
Report: Adidas Exploring Bata India Partnership
Footwear manufacturer Bata India is negotiating with Adidas for a strategic partnership for the Indian market, according to a report from CNBC-TV18, with the talks likely to advance.
EXEC: Super Retail Group Posts Solid Year But H2 Trends Cut Into H1 Gains
Sales for fiscal 2023 rose 7 percent to A$3.80 billion. Adjusted for the 53rd week in fiscal 2022, sales were up 9 percent for the year. Comp-store sales were up 8 percent for the 12-month period ended June 30.
The Buckle’s Q2 Profits Slide 9 Percent
Profits at The Buckle, Inc. fell 9 percent in the second quarter ended July 29 as sales sagged 3.2 percent.
EXEC: Footwear Manufacturer Bucks Negative Athletic Trends in H1
Stella International reported that a larger contribution from new customers in the athleisure, luxury and high-end fashion categories helped boost H1 gross margins and operating profit.
Farfetch Revenues Tick Down in Q2 as In-Store Decline Offsets Digital Gains
Consolidated total revenue decreased 1.3 percent year-over-year to $572.1 million in second quarter, with an in-store decline offsetting 10.2 percent growth in Digital Platform revenues.
