Tilly’s Chief Merchant To Exit
Tilly’s, Inc. said in a regulatory filing that Robert Goodwin, its SVP and general merchandise manager, plans to resign from his role on January 27 to pursue another opportunity.
Farfetch Sets Leadership Changes
Farfetch reported chief brand officer, Holli Rogers, and chief growth officer, Martin Avetisyan, are leaving the company to pursue other opportunities. The online luxury platform also reported it added three new hires.
Authentic Brands Group Hires CFO
Authentic Brands Group named Jessica Holscott as chief financial officer. She succeeds Kevin Clarke, founding partner, who has taken a new role as executive vice chairman.
NRF: Holiday Sales Climb 5.3 Percent, Just Below Forecast
Retail sales during the November/December 2022 holiday season grew 5.3 percent over 2021 to $936.3 billion, falling short of the National Retail Federation’s (NRF) forecast amid continuing inflation and high-interest rates.
Study: Section 301 Tariffs Hurt American Consumers and U.S. Businesses Most
The American Apparel & Footwear Association, the Footwear Retailers & Distributors of America, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association released a study that calls out the detrimental economic impacts of Section 301 tariffs.
Big 5 Posts Double-Digit Comp Decline in Q4, Guides EPS Lower
Big 5 Sporting Goods Corp. said sales in the fourth quarter ended January 1 came in slightly lower than expectations and the retailer expects earnings for the period to come at or near the low end of its prior guidance range.
NRF Promotes From Within For Foundation Executive Director
The National Retail Federation promoted Adam Lukoskie to executive director of the NRF Foundation. He had been the Foundation’s vice president.
Authentic Brands Group Partners With Allen Iverson
Authentic Brands Group (ABG) formed a partnership with Allen Iverson, the legendary guard from the Philadelphia 76ers and long-time Reebok sponsor. ABG acquired Reebok in February 2022.
White Mountain Footwear Acquired By American Exchange Group
American Exchange Group reported its acquisition of White Mountain Footwear. The acquisition builds on American Exchange Group’s acquisition of Aerosoles in January 2022.
Report: U.S. Discretionary Retail Spending Dips In 2022
The NPD Group is reporting that total unit sales of U.S. discretionary general merchandise in 2022 were 7 percent lower than the prior year, and sales revenue fell 2 percent.
Neiman Marcus Names Two C-Level Execs
Neiman Marcus Group (NMG) hired Nabil Aliffi as chief brand officer. Stefanie Tsen Ward received a promotion to chief retail officer. Both are newly created positions reporting to Ryan Ross, president, Neiman Marcus Brand.
Report: Tennis Participation Adds One Million To Roster
The USTA reported that U.S. tennis participation grew by one million players in 2022, with more than 23.6 million playing the sport for the third consecutive year that the sport has seen an increase.
361 Degrees Sees Flat Growth In Fourth Quarter
361 Degrees International, Ltd. reported retail sales of 361º core-branded product for the fourth quarter of 2022 with roughly flat growth compared to the same period of 2021.
Lululemon Hires Chief Merchandising Officer
Lululemon named Elizabeth Binder as chief merchandising officer, reporting to Sun Choe, chief product officer.
NRF Adds Six Members To Board
The National Retail Federation (NRF) added six new members to its board of directors during its annual winter board meeting.
