Macy’s Launches Digital Marketplace
Macy’s announced it launched its digital marketplace on macys.com. The site enables third-party sellers to integrate their products into Macy’s e-commerce structure, with seller tools to monitor, drive and grow their business through Macy’s.
VF Corp. Introduces Fiscal Year 2027 Long-Term Strategic Plan
At its 2022 Investor Day in Denver, CO, VF Corp. will introduce its fiscal year 2027 (FY27) long-term strategic growth plan that calls for sales to climb mid- to high-single-digit percent in constant dollars on average over the next five years with faster earnings growth. VF also downwardly revised its FY23 outlook due partly to lower-than-expected current quarter results.
Tracksmith To Open Store In London
Boston-based Tracksmith is opening its first store in London. The running brand has only one store on Newberry Street in Boston.
U.S. Golf Rounds See Third Straight Positive Month In August
Golf Datatech’s National Rounds Played Report for August showed that U.S. rounds were up 3.9 percent in the month but still down 2.6 percent year-to-date year-over-year.
Academy Opens First Store In Lexington
Academy Sports + Outdoors announced opening its first store in Lexington, marking its sixth in Kentucky.
Nike Opens First Store In The Bronx
Nike has opened a store in the North Bronx, its first in the New York City borough. Located at 340 Baychester Avenue, the store is one of the brand’s community-focused Nike Unite concept stores.
Eddie Bauer Appoints CEO
Sparc Group announced that Tim Bantle is joining the company as CEO of Eddie Bauer. Most recently, Bantle was GM of VF Canada, leading the company’s local outdoor and action sports platform. Before VF Canada, Bantle held leadership positions at The North Face, Black Diamond Equipment and Patagonia.
Amazon Adds Second Prime Shopping Event In October
Amazon added a Prime-exclusive two-day shopping event in October. Its “Prime Early Access Sale” is for Amazon Prime members offering Black Friday-like deals from October 11-12.
PGA Tour Superstore Appoints President
PGA Tour Superstore announced that Dick Sullivan, currently president and chief executive officer for PGA Tour Superstore, has been named executive chairman and CEO while Jill Spiegel, now PGATSS chief merchandising officer, has been promoted to president.
Bass Pro Plans Store For Grand Prairie, TX
Bass Pro Shops announced plans to open a store in Grand Prairie, TX, serving the southern portion of the Dallas metro area. The 100,000-square-foot store, expected to open in the spring of 2024, will be the outdoor retailer’s fifth location in the region and 15th in Texas.
JD Sports’ Profits Slide In First Half
JD Sports reported an 18.2 percent drop in pre-tax profits for the six months ending July 31, partly due to the U.S. government support it received as part of the country’s COVID stimulus package last year, which boosted year-ago results. Sales grew 13.7 percent year-over-year.
Luxury Footwear Brand, Freebird, Opens New Stores
Freebird, known for its handmade leather boots, announced the opening of stores in Charleston, SC; San Antonio, TX; as well as a storefront in Las Vegas, NV.
PVH Corp. Appoints Chief Strategy Officer
PVH Corp., the parent of Calvin Klein and Tommy Hilfiger, hired Sara Bland as executive vice president and chief strategy officer, effective October 31, reporting to CEO Stefan Larsson.
Columbia Sportswear Sets Three-Year Growth Targets
Columbia Sportswear Company introduced its three-year financial targets aimed for a 9 perdent to 11 percent organic sales growth and 12 percent to 15 percent EPS growth on a compound annual growth rate (CAGR) basis from 2022 to 2025. The targets were announced ahead of its first Investor Day, scheduled for September 22, at its headquarters in Portland, OR.
Activist Calls For Leadership Changes At Kohl’s
On Thursday, activist shareholder Ancora Holdings Group, LLC urged Kohl’s Corp. board to replace its Chairman Peter Boneparth and Chief Executive Michelle Gass with leaders with turnaround experience. In a letter to the board made public, Ancora said the retailer’s “botched strategic review, credit downgrade, dramatic decline in sales, elevated costs and poorly received standalone plan” have placed it on a “dangerous trajectory.”
