SFIA: Sporting Goods Industry’s 2022 Growth Boosted By Inflation
The Sports & Fitness Industry Association (SFIA) released its 2023 State of the Industry Report, showing 4.3 percent revenue growth in U.S. wholesale sales of athletic footwear, apparel, sports and fitness equipment, and licensed products in 2022.
Crocs’ Chief Legal Officer Sets Plan To Retire
Crocs, Inc. reported in a regulatory filing that Daniel Hart, the company’s executive vice president, chief legal and risk officer provided notice of his intent to retire, effective April 1, 2024.
REI To Close Portland Pearl District Store, Blames Theft
REI’s Portland, OR flagship store, located in the Pearl District, will be permanently closed due to crime and concerns for employee and customer safety concerns.
Study: Global Supply Chain Volatility Falls To Lowest Level Since July 2020
The GEP Global Supply Chain Volatility Index concluded that global supply chains operate more efficiently today, signaling the lowest stress level since July 2020.
Reports: Retail Ecommerce Ventures Exploring Bankruptcy
Retail Ecommerce Ventures, LLC (REV), a capital marketing company founded in 2019 and that acquired the intellectual property of Modell’s Sporting Goods, Pier 1 Imports, RadioShack, and other retail banners, hired Kirkland and Ellis to explore restructuring options, including a bankruptcy.
Nordstrom Adds Former Nike COO To Board
Nordstrom, Inc. appointed Eric Sprunk, former chief operating officer of Nike, Inc., to its Board of Directors, effective immediately.
Mammut North America Hires Three Key VP Roles, Promotes Three Others
Mammut hired three new VP-level roles to its North American team structure to drive growth across sales, operations, marketing, and partnerships. Recent promotions include Leah Simkoff to VP of finance, Ian Armstrong to national sales director and Collin Jenkins to commercial director.
Dr. Martens Issues Profit Warning
Dr. Martens issued its profit warning for the fourth quarter as it faced higher-than-expected costs at a new Los Angeles (LA) distribution center.
Nordstrom Appoints Chief Technology And Information Officer
Nordstrom, Inc. hired Jason Morris as chief technology and information officer, effective May 1, overseeing technology functions, including engineering, data science and analytics.
Consumer Confidence Index Improves Modestly
Consumer sentiment in the U.S. improved modestly in early April, as reported in the University of Michigan’s Consumer Confidence Index, rising to 63.5 (preliminary) from 62 index points in March—better than the market expectation of 62.
Tilly’s, Inc. Appoints New Chief Merchant
Tilly’s, Inc. hired Laura Janney as EFP and chief merchandising officer, effective May 8, overseeing the retailer’s buying, sourcing and product development and coordinating consistency in its in-store and online consumer merchandising experience.
Walmart’s Chief Merchandising Officer To Depart
Walmart’s Chief Merchandising Officer, Charles Redfield, is stepping down next month. The announcement came from Walmart’s U.S. CEO, John Furner, in a memo to employees dated April 14.
U.S. Retail Sales Slip 1 Percent Amid High Inflation, Rising Rates
The U.S. Census Bureau reported overall retail sales in March were down 1 percent from February but up 2.9 percent year-over-year. In February, sales were down 0.2 percent month over month but up 5.9 percent year-over-year.
TYR Named Exclusive Outfitter Of USA Swimming National Team
USA Swimming, the national governing body for the sport, and TYR reported expanding its partnership naming Tyr the exclusive outfitter of the National Team and the National Junior Team through December 31, 2024.
StockX To Close Portland Authentication Center
StockX intends to close its authentication center in Portland, OR. It is the smallest facility in its network at 10,000 square feet.
