Retail’s Big Show Expanding To Asia Pacific In 2024
Retail’s Big Show is expanding to the Asia Pacific in 2024 with its annual conference and exhibition. Organizers expect it will draw thousands of retailers and business partners from across the region.
QVC Parent’s Debt Ratings Lowered
S&P Global Ratings lowered the debt ratings on Qurate Retail Inc., the parent of QVC and HSN, due to weaker-than-expected results as profitability and cash flow generation continued to be pressured in the latest third quarter ended September 30.
Ski Haus Opens In Woburn
Ski Haus opened its third store in Woburn, MA. The ski retailer also operates locations in Salem, NH and Framingham, MA.
Whole Foods Now Accepting Zappos Returns
Zappos reached an agreement for customers to make returns at Whole Foods. Amazon owns both retailers.
Nordstrom’s Chief Merchant To Retire
Nordstrom, Inc. reported that Teri Bariquit would retire from her role as chief merchandising officer after 37 years with the company. Bariquit will remain in her position to ensure a smooth transition.
Olympia Sports’ IP And Customer Info To Be Auctioned
The intellectual property and related assets of Olympia Sports, which filed for bankruptcy last September to liquidate its remaining 35 stores, are on the selling block, including the trademarks for Olympia Sports, Clever Training and Surf Outfitter.
Nike Partners With University Of California
Nike has agreed to replace Under Armour as its official provider of apparel, footwear and other gear for the University of California, Berkeley. Nike partnered with BSN Sports on a three-year agreement with the University, effective July 1, 2023.
The Sports Shop Shutters After 45-Year Run
The Sports Shop in Elk Grove, CA, closed after 45 years in business.
Salesforce: U.S. 2022 Holiday E-Commerce Sales Up 5 Percent
Salesforce released its 2022 holiday recap of November and December shopping data, which showed that consumers spent $1.14 trillion online globally, flat year over year (YoY) and $270 billion in the U.S., up 5 percent from the 2021 period.
Adidas Loses Trademark Lawsuit Over 3-Stripe Design
Adidas lost a trademark infringement lawsuit Thursday that the company brought against Thom Browne, the American fashion designer, after claiming the fashion brand used its “three stripes” logo design without permission.
Salomon Names Global Chief Brand Officer
Salomon named Scott Mellin its global chief brand officer, headquartered in its Annecy office in the French Alps.
Grassroots Names Director Of Events
Grassroots Outdoor Alliance named Devaki Murch as director of events.
REI Outside Of Cleveland Seeks To Unionize
Workers at the REI in Orange, OH, a suburb of Cleveland, announced their intention to unionize and filed for a union election.
The Bay Names New President
The Bay, the Canadian luxury department store chain, reported that Iain Nairn, president and CEO, would retire in January 2023. Sophia Hwang-Judiesch has been appointed president of The Bay and Hudson’s Bay, comprising both the store and digital businesses.
Compass Diversified Divests Electronics Company Holding
Compass Diversified (CODI), which owns Velocity Outdoor, BOA, Marucci, Primaloft, 5.11 and others in the active lifestyle space, entered into a definitive agreement to sell its majority-owned subsidiary, Compass AC Holdings, Inc., the parent company of Advanced Circuits, Inc., to APCT, Inc., a manufacturer of printed circuit boards and the portfolio company of Industrial Growth Partners.
