Report: U.S. Retail Sales Up 8.8 Percent In January
According to Mastercard SpendingPulse, U.S. retail sales, excluding automobiles, were up 8.8 percent year-over-year in January. E-commerce sales were up 8.4 percent year-over-year, while in-store sales were up 8.9 percent year-over-year.
Tractor Supply Extends CEO’s Contract; Shifts Board Leadership
Tractor Supply Company extended President and CEO Hal Lawton’s employment contract and key transitions on its Board of Directors. The Board of Directors elected long-standing member Edna Morris as Chairman of the Board.
Adidas Says Yeezy Fallout Could Result In Billion Euro Loss
Adidas in an outlook update warned it expects a loss in the range of €500 million to €1 billion ($534 million to $1.07 billion) in 2023 from the exit of its Yeezy business.
Adidas’ Head Of Global Marketing Departs
Vicky Free has left her role as global head of marketing at Adidas, according to Adweek.
New Balance Opens Retail Concept In Boston
New Balance opened the second experiential store concept at 124 Newbury Street in Boston. The first store opened in Guangzhou, China, in December 2022.
Kohl’s Names New Chief Merchant
Kohl’s named 25-year retail veteran Nick Jones as chief merchandising and digital officer, reporting to CEO Tom Kingsbury, effective in March.
Dick’s SG Plans 200 Trade-in Events In First Half Of 2023
Dick’s Sporting Goods and SidelineSwap are building on the success of the 60 trade-in events they executed in 2022 and expanding their partnership to offer 200 trade-in events in 19 states through the first half of 2023.
BJ’s Wholesale Club Adding First Store In Tennessee; Adds To Florida, Georgia
BJ’s Wholesale Club will continue its expansion of new club locations in the upcoming months, including opening its very first club in the state of Tennessee by the first half of the year.
Dick’s Announces Redemption of Outstanding 3.25 Percent Convertible Senior Notes
Dick’s Sporting Goods, Inc. has called all of its outstanding 3.25 percent Convertible Senior Notes due 2025 for redemption on April 18, 2023.
Wolverine World Wide Declares Cash Dividend
The Wolverine World Wide, Inc. Board of Directors declared a quarterly cash dividend of 10 cents per share of common stock.
Tractor Supply Raises Quarterly Dividend By 12 Percent
The Tractor Supply Company Board of Directors declared a quarterly cash dividend of $1.03 per share of its common stock, which represents an increase of 12 percent versus the prior quarterly dividend rate of 92 cents per share.
S&P Affirms Varsity Brands Debt Ratings
S&P Global Ratings affirmed the debt ratings of Varsity Brands Holding Co., the parent of BSN Sports, Varsity Spirit and Herff Jones, following the company’s plans to extend the maturity on its $1.33 billion senior secured first lien term loan by two years to December 2026.
Drexel Extends Partnership With Nike And BSN Sports
Drexel Athletics has extended its endorsement deal with Nike and BSN Sports to continue to be the school’s official apparel, footwear and uniform provider.
Simon Property Group Sells Off Eddie Bauer Interest
Simon Property sold its interest in its Eddie Bauer licensing joint venture in exchange for additional equity ownership in Authentic Brands Group.
JD Sports Completes Divesture Of Tessuti Brands
JD Sports Fashion Plc, parent of JD Sports, Finish Line, DTLR, and Shoe Palace, completed the divestment of the businesses which trade as Tessuti (inc Xile), Scotts, Choice, Giulio, and Cricket to Frasers Group Plc.
