NRF Report: Consumers Continue To Spend Despite Inflationary Worries
Consumers continue to worry about high inflation and the Federal Reserve interest rate hikes intended to bring inflation down, but neither has stopped them from spending, according to the National Retail Federation Chief Economist Jack Kleinhenz.
Obit: Dan Wieden, Co-Founder, Wieden + Kennedy
Dan Wieden, the Co-Founder of Wieden + Kennedy who coined Nike’s phrase, “Just do it,” passed away at the age of 77.
NPD Survey: Economy Concerns Weigh On Holiday Spending
NPD, which recently merged with Information Resources, Inc. (IRI), reported that 29 percent of U.S. consumers would spend less this holiday season due to increased economic negativity and personal finances, following its recent holiday purchase intentions consumer survey.
Rocky Sells Neos To SureWerx
Rocky Brands Inc. announced that it has sold Neos Overshoe to SureWerx, a manufacturer of safety, tool & equipment products. Terms were not disclosed.
Qurate Retail Group Names Chief Operating Officer
Qurate Retail Group, the parent of QVC and HSN, announced that Scott Barnhart had been hired as chief operating officer effective immediately.
Adidas Extends Partnership With Arsenal
Adidas extended its partnership agreement with premier club league Arsenal until 2030. The announcement comes following a summer where Adidas hosted pre-season training camps for Arsenal’s men’s and women’s teams at its global headquarters in Herzogenaurach, Germany.
Crocs’ Chief Operating And Transformation Officer Resigns
Crocs, Inc., in a regulatory filing, said Elaine Boltz, its executive vice president and chief operating and transformation officer, resigned her position effective October 14.
Nike Launches Connected Partnerships With JD Sports And Zalando
Nike has selected JD Sports And Zalando as its first European partners for its Connected Partnership loyalty program, enabling its customers to access Nike member products and experiences.
Active Ride Shop Acquired By Former President
Active Ride Shop, based in Temecula, CA, announced that The Phoenix Project, Inc, a group led by former Active President, Esmail Mawjee, had purchased the company.
Signa Sports United Hired Managing Director, Tennis-Point Berlin
Signa Sports United hired Stefan Salzer as managing director Tennis-Point Berlin, a German company specializing in selling tennis and running equipment.
Nike’s Q1 Tops Wall Street Targets
Nike, Inc. reported sales grew 4 percent on a reported basis and 10 percent on a currency-neutral basis in the first quarter ending August 31.
Toms Hires COO And CFO
Dorothy Sadd was hired as Tom’s global COO and CFO. Most recently, Sadd was CFO and COO at omnichannel fashion brand Unique Vintage.
Amazon Increases Wages For Warehouse And Delivery Workers
Amazon said it would invest $1 billion over the next year to increase the salaries of its “frontline workers” and introduce a perk that gives them access to a portion of their paycheck before payday.
Vans Hires Global Chief Product And Merchandising Officer
Vans hired Marissa Pardini, vice president and general manager of The North Face Americas region, as chief product and merchandising officer for global Vans.
Dunham’s Expands Into Arkansas With First Retail Store
Dunham’s Sports continues to move forward with its accelerated growth strategy.
