Report: U.S. Holiday Season Retail Sales See Strong Results Aided By Inflation
U.S. retail sales, excluding automotive, increased 7.6 percent year-over-year this holiday season, according to a report from Mastercard SpendingPulse.
Netflix To Stream Nike Training Club Content For Members
Netflix reported it will begin streaming Nike Training Club workouts as part of its content, effective December 30.
Pentland Brands Promotes Rock As President, Americas
Pentland Brands, Ltd. announced that Matt Rock was promoted to president, Americas, Pentland Brands, overseeing Speedo and the company’s portfolio, including Endura and Mitre for the Americas region.
Under Armour Appoints New Corporate President & CEO
Under Armour, Inc. hired current Marriott International President Stephanie Linnartz as president & CEO and as a member of UA’s Board of Directors, effective February 27, 2023.
Primark Opens New Store In City Point, Brooklyn
Primark, the international value fashion retailer, opened a new store in City Point, Brooklyn, NY.
Nike, Inc. Fiscal Q2 Results Beat Street Expectations; Inventories Up 43 Percent
Nike, Inc. reported fiscal 2023 second quarter revenues were $13.3 billion for the three-month period ended November 30, up 17 percent compared to the prior-year comparable period and up 27 percent on a currency-neutral basis.
Skechers Opens Flagship Store In Ireland
Skechers is elevating its worldwide presence by opening a new flagship store in Ireland on Dublin’s Grafton Street.
Nordstrom Opening New Colorado Rack Store
Nordstrom, Inc. is opening a new Nordstrom Rack in Aurora, CO.
Aetrex Albert 3DFit and Foot.com Named CES 2023 Innovation Award Honoree
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Aetrex, Inc. was named a CES 2023 Innovation Award Honoree for the second year in a row as the company debuts the honorable mention technology—Albert 3DFit and Foot.com Data Portal—at this year’s CES show to be held January 5-8 in Las Vegas.
JD Sports Divests Shares Of 15 Premium Brands
British Retailer JD Sports Fashion Plc is “significantly simplifying” its branded fashion offer through the divestment of 15 UK-based non-core fashion businesses to Frasers Group Plc.
Report: Holiday Shopping Seen As Lackluster In Early Season Review
The first two weeks of December did not bring much holiday cheer after a lackluster Black Friday and generally disappointing November results.
RIA Elects New Board Members For 2023
The Running Industry Association (RIA) membership voted to approve to elect the suggested slate of new directors for 2023.
New Balance To Expand Operations At Skowhegan Plant
New Balance announced plans to invest $65 million in construction and capital equipment to double its production capacity to one million pairs of shoes at its factory in Skowhegan, ME.
November Retail Sales Dip 0.6 Percent
U.S. retail sales fell 0.6 percent in November from October but were up 6.5 percent year-over-year, the Department of Commerce reported. That compares with increases of 1.3 percent month over month and 8.3 percent year-over-year in October, which got a boost from earlier-than-usual holiday shopping driven by concerns that inflation would continue to increase prices.
Fleet Feet Plans To Open A Second Store In Pittsburgh
Fleet Feet is planning to open a second store in Pittsburgh in the near future. Look for more news next week on details once the store is open.
