Poshmark Acquires Suede One
Poshmark Inc. acquired Suede One, a platform that combines machine learning, computer vision and human review to virtually authenticate sneakers. Suede One said its employees would join the Poshmark team.
Outdoor Adventure Brands Secures $8.2 Million Credit Facility
Tiger Finance has closed on $8.2 million in growth financing for Outdoor Adventure Brands (OAB), the e-commerce and retail company known for its Austin Canoe & Kayak stores in Texas and Summit Sports locations in Michigan.
ICSC Survey Projects 8.9 Percent Holiday Sales Gain
Shoppers are expected to provide a boost for retailers during the 2021 holiday shopping season, according to ICSC’s Annual Holiday Shopping Intentions Survey. ICSC forecasted an 8.9 percent year-over-year increase in November through December sales with the total expected to reach $923 billion. The annual Holiday Shopping Intentions Survey found that the average consumer this holiday season plans to spend an average of $637 on gifts and other holiday-related merchandise.
Yue Yuen’s Sales In September Slump On Factory Shutdowns
Yue Yuen’s consolidated operating revenue in September fell 23.7 percent to $541.6 million from $710.2 million in the same month a year ago. The decline reflects the pandemic-related factory shutdowns in Vietnam.
Nike Sued By Former Oregon Project Runner, Mary Cain
Former star middle-distance runner Mary Cain has filed a $20 million lawsuit against disgraced coach Alberto Salazar and Nike alleging she suffered years of emotional abuse.
Big Agnes Announces Hires In Product Development And Sourcing
Big Agnes announced new hires within its product development team. Joining the company are Bryan Davis, Leanne Thompson and Monica Welcker, while Tim Leroy joins its sourcing department.
Allbirds Opens New Store In Oakbrook
Allbirds has opened a new retail store and community center in Oakbrook, IL. The location marks the brand’s second store in the Chicago area and 33rd globally, with locations across North America, Asia, and Europe.
Hibbett Opens Location In Grand Prairie
Hibbett announced the opening of its newest location in the mid-cities suburb of Grand Prairie located between Dallas and Fort Worth, TX.
U.S. Shoppers To Show “Generosity Of Spirit” This Holiday Season, Accenture Survey Finds
Americans are looking forward to the holiday season this year, with many planning to spend the same or more compared with last year and support charitable organizations and their local communities, according to the 15th Annual Holiday Shopping Survey from Accenture.
Bearpaw Plans Warehouse Expansion
Bearpaw plans to open a distribution facility in Fernley, NV, in 2022 to support online growth, according to North Nevada Business Weekly.
Yoox Net-A-Porter Appoints General Manager, U.S.
Yoox Net-A-Porter has appointed Mary Ransom as the general manager of the company’s business in the United States.
Ross Stores Opens 28 New Locations
Ross Stores, Inc. announced the recent opening of 18 Ross Dress for Less and 10 dd’s DISCOUNT stores across 15 different states in September and October.
Simon Malls To Close On Thanksgiving Day
Simon Property Group, the largest owner of shopping malls in the U.S., will close its locations for the second consecutive year on Thanksgiving Day. Its shopping malls will reopen on Black Friday.
OIA And Access Fund Applaud Biden’s Proclamation To Restore Bears Ears National Monument
The Outdoor Industry Association (OIA) and Access Fund support the Biden Administration’s move to restore protections for Bears Ears, Grand Staircase-Escalante, Northeast Canyons, and Seamounts National Monuments.
Big 5 Sporting Goods Appoints Board Member
Big 5 Sporting Goods Corporation announced the appointment of Lily W. Chang to its Board of Directors. Chang is currently the Chief Portfolio Services Officer of Leonard Green & Partners.
