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.
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.
