Kith Opens Store In Williamsburg
Kith opened a store in the Williamsburg section of Brooklyn, the second for the brand in Brooklyn following the opening of its flagship at 233 Flatbush Avenue near the Barclays Center in 2015.
Zumiez North America President To Retire
Zumiez, Inc. reported that Troy Brown, the president of North America Zumiez, Inc., has decided to retire. According to a regulatory filing, Brown agreed to stay with the company until June 30, 2023 to transition his duties.
Jordan Brand World Location To Open In Tokyo
Jordan World of Flight Shibuya is opening as the first Jordan-only store in Japan this March. The 9200-square-foot space follows the opening of Jordan World of Flight Milan in December 2022.
Macy’s Adds Board Member
Macy’s Inc. appointed Naveen Chopra, executive vice president and chief financial officer of Paramount Global, to its board of directors, effective April 1, 2023. John Bryant and Leslie Hale, who have served on the board since 2015, will not stand for re-election at the company’s 2023 annual meeting.
Walmart Laying Off Thousands Of Warehouse Employees
Walmart is laying off hundreds of employees at its e-commerce fulfillment centers nationwide. The company said it made the cuts “to better prepare for the future needs of customers.”
Kohl’s To Add 250 In-Store Sephora Shops This Year
Kohl’s reported that 250 of its stores would add 2,500-square-foot Sephora in-store shops in 2023, adding 250 shopping destinations to Kohl’s fleet of more than 850 and achieving the partnership’s initial planned goal announced when Sephora rolled out at Kohl’s.
Manufacturers Report: Active Lifestyle Market Grew 4.3 Percent In 2022
Product sales in the sporting goods, fitness and related recreation markets grew 4.3 percent last year, building on record sales growth in 2021, according to the Sports & Fitness Industry Association’s 2023 Manufacturers Sales by Category Report.
Report: Sports Direct Eyes Merger With France’s Go Sport
Frasers Group Plc, the parent of Sports Direct and House of Fraser, is reportedly exploring acquiring France’s Go Sport chain out of insolvency as part of a broader plan to expand in Europe.
Nike, BSN Sports Co-Partner With University Of Southern Indiana
Based in Evansville, IN, the University of Southern Indiana (USI) established a new athletic partnership with Nike and BSN Sports.
Bloomingdale’s Appoints Chief Merchant
Bloomingdale’s has promoted Denise Magid to the newly created role of chief merchandising officer, effective immediately. Within this position, Magid will drive the strategic direction and performance of all Bloomingdale’s merchandising initiatives.
Shoe Carnival Shows Modest Earnings Growth In Fourth Quarter
Shoe Carnival reported earnings rose 4.9 percent in the fourth quarter ended January 28 as higher gross margins offset a 7.2 percent decline in sales. The family apparel chain said comparable store sales were up 12.6 percent against the pre-pandemic 2019 fourth quarter.
Nike, Inc. Posts Double-Digit Growth Across Regions In Fiscal Q2 As EPS Beats Outlook
Nike, Inc. reported fiscal 2023 third quarter reported revenues were $12.4 billion, up 14 percent compared to the prior year and up 19 percent on a currency-neutral basis. Diluted EPS declined 9 percent to 79 cents a share. Inventories for Nike, Inc. were $8.9 billion, up 16 percent.
Amazon To Lay Off Another 9,000 Employees
Amazon’s Andy Jassy, the company’s chief executive, said in a note to employees on Monday that the company is laying off 9,000 corporate and tech employees by the end of April, adding to the 18,000 jobs it cut late in 2022 and again in January 2023.
On’s Revenues Surge 92 Percent In Fourth Quarter
On Holding AG significantly decreased its loss in the fourth quarter ended December 31 as sales vaulted 91.9 percent. For the current year, the Swiss running brand predicts sales will grow 39 percent.
The Buckle Sets New Quarterly Dividend
The Buckle, Inc. board of directors authorized a 35 cents per share quarterly dividend to be paid to shareholders of record at the close of business on April 14, with a payment date of April 28.
