University Of Michigan Reports Consumer Sentiment Recovery In January
Consumers are feeling better about the economy for the second month, according to The University of Michigan’s closely watched Consumer Sentiment Index, which measured 64.9 for January, up slightly from the preliminary reading of 64.6 earlier this month and up from 59.7 in December.
Tread Labs Expands U.S. Sales Team
Tread Labs, the performance insole brand established by Chaco Founder Mark Paigen, has expanded its sales team and doubled the size of its headquarters.
Nike Sues Japanese Fashion Brand
Nike, Inc sued Bathing Ape (BAPE), the Japanese fashion brand in New York, for allegedly copying some of its most iconic footwear styles.
Nike Opens Store In Hoboken
Nike opened a Nike Live store in Hoboken, NJ.
Pacsun Announces Leadership Transition
Pacsun reported a leadership transition in which Brie Olson, Pacsun president and Board member, will be appointed co-chief executive officer with Co-CEO Mike Relich, effective March 9, 2023. Alfred Chang will step down after 17 years with the company to join Fear of God, a Pacsun brand partner, as CEO.
Foot Locker Reports Executive Exit, Job Cuts, Sidestep Wind Down
Foot Locker, in a regulatory filing, announced that Andrew Gray, EVP, Global Lockers and Champs Sports, had left the company, effective January 23. The company decided to wind down its Sidestep banner in Europe and eliminate some corporate and support roles.
Sport Chek To Close Store In Edmonton City Centre Mall
Sport Chek is closing its location at the Edmonton City Centre Mall, according to the Edmonton Journal.
Tractor Supply Q4 Sales Up 20.7 Percent; Comps Up 8.6 Percent
Tractor Supply company reported that net sales for the fourth quarter of 2022 increased 20.7 percent to $4.01 billion for the period ended December 31 from $3.32 billion in the fourth quarter of 2021.
The RealReal Names CEO And Board Member
The RealReal, Inc., the largest online marketplace for authenticated, resale luxury goods, announced that John E. Koryl would join the company as CEO and a member of its Board of Directors, effective February 6, 2023.
Kohl’s Eliminates 60 Headquarter Positions
Kohl’s Corp. reported Wednesday that it is eliminating 60 positions in the marketing and merchandising departments at its headquarters in Menomonee Falls, WI.
L.L. Bean To Renovate Freeport Flagship And Campus
L.L. Bean announced plans to renovate its flagship store and the retail campus in Freeport, ME, as part of a more than $50 million project.
Report: Kohl’s Close To Naming New CEO
Kohl’s Corp. is in late-stage talks to name Tom Kingsbury as CEO, the New York Times reported on Wednesday, citing two spokespersons familiar with the conversation.
Golf Equipment And Apparel Retail Sales Reported To Surpass $20 Billion In 2021
The World Golf Report 2023, a study from Golf Datatech and Yano Research Institute, found that the worldwide golf equipment and apparel market grew over the pandemic to reach $20 billion, encompassing the $11.1 billion equipment and the $8.9 billion apparel sectors, respectively.
Boot Barn Slightly Lowers FY Guidance As Q3 Profits Fall
Boot Barn Holdings, Inc. slightly lowered its earnings guidance for its fiscal year ended March 31 while reporting third-quarter profits declined 23.7 percent on a 3.6 percent same-store sales decline. Third-quarter results were in line with a pre-announcement provided in early January.
Dick’s SG Store Closes In Columbia, SC
Dick’s Sporting Good store in Columbia, SC, located at 10204 Two Notch Road, is permanently closed.
