Macy’s To Open Fulfillment Center In North Carolina
Macy’s, Inc. announced plans to open a new fulfillment center in China Grove, NC in 2024 to meet the increased demands of its omnichannel business.
Ontario’s Garb and Gear Source for Sports Closing
Garb and Gear Source for Sports in Owen Sound in Southwestern Ontario is closing as its owners, Brian and Janice Warrilow, are retiring.
Kohl’s Sends Letter To Shareholders Highlighting Board Leadership And Robust Process
Kohl’s Corporation on Thursday mailed a letter to shareholders detailing the steps the Board has taken to maximize shareholder value ahead of its May 11 annual meeting. The steps include a robust and intentional process to evaluate potential bids. Kohl’s said the letter also summarizes activist invesor Macellum’s “shifting narrative and short-term focus on a sale of the company at any price.”
Mountainsmith Opens New Headquarters In Golden, CO
Mountainsmith, the Golden, CO-based company and manufacturer of gear for the outdoor enthusiast, opened its new headquarters in downtown Golden where its offices, sales, product design, and showroom-style retail space are located.
Canada Goose Makes Two Key Executive Appointments
Canada Goose Holdings, Inc announced two key executive appointments with Carrie Baker as President, Canada Goose and Ana Mihaljevic assuming the dual role of president, North America and EVP, sales operations and planning.
Vans Hires Executive To Lead Collaborations With Designers/Creatives
Vans has hired Ian Ginoza, most recently global vice president, culture marketing, at Adidas, as VP, advisor, creative director, Pinnacle. Ginoza will lead collaborations with designers and creatives.
Decathlon Suspends Operations In Russia Over Public Outcry
Decathlon, the largest global sporting goods chain based in France, said it is suspending activities in Russia due to challenges securing supplies. The retailer had faced criticism for remaining open during the war Russia continues to wage against Ukraine.
Hibbett Promotes Supply Chain And Merchandising Veterans
Hibbett, Inc. has promoted Mike McAbee and Stephani Smith to SVP, supply chain and store development and SVP, merchandising, respectively.
Macy’s Appoints Two Board Members
Macy’s Inc. announced the appointment of Marie Chandoha, former president and chief executive officer of Charles Schwab Investment Management, and Jill Granoff, managing partner of Eurazeo and chief executive officer of Eurazeo’s Brands division, to its board of directors.
Unlimited Footwear Group And Gap Announce Licensing Agreement
Unlimited Footwear Group (UFG) announced a strategic licensing partnership with Gap, Inc. to design, produce and distribute Gap branded footwear in the EU, the UK, Switzerland, and Scandinavia. The deal was brokered by IMG.
OrthoLite Announces New Sales Manager For Portugal
OrthoLite expanded its global sales management team in Europe, appointing Marisa Costa as sales manager for Portugal.
Sportsman’s Warehouse’s Q4 Revenues Decline 5 Percent
Profits at Sportsman’s Warehouse Holdings Inc. declined 34.3 percent on an adjusted basis in the fourth quarter ended January 29 as sales declined 5 percent.
TJX Boosts Dividend By 13 Percent
The TJX Companies Inc. announced that its Board of Directors has raised the amount of its quarterly dividend by 13 percent from the last dividend paid.
New Balance Officially Opens Methuen Factory
New Balance, on Monday, officially opened its new athletic footwear factory in Methuen, MA. The 80,000-square-foot facility, which underwent a $20 million renovation, began production in January 2022.
Academy Sports’ Q4 Comps Expand 13 Percent
Academy Sports + Outdoors reported comparable stores jumped 13.1 percent in the fourth quarter and 18.9 percent in the year ended January 29. Adjusted earnings in the quarter grew 40.9 percent, exceeding Wall Street targets. Academy predicted sales in the current year would decline 1.6 percent at the mid-point of its range but be up 38.0 percent versus the pre-pandemic 2019 period.
