Popshop Live Announces Series A To Accelerate Livestream Commerce
Popshop Live announced it raised a Series A funding led by Benchmark and valued at $100 million with participation from TQ Ventures (Andrew Marks, Schuster Tanger and Scooter Braun), Mantis VC (The Chainsmokers), Access Industries, and SV Angel.
Mastercard SpendingPulse: U.S. Retail Sales Grew 11.0 Percent Year-Over-Year In June
According to Mastercard SpendingPulse, U.S. retail sales, excluding automotive and gasoline, increased 11.0 percent year-over-year in June and increased 10.4 percent compared to June 2019.
Retail Cargo Continues To See Double-Digit Increases Over 2020
Imports at the nation’s largest retail container ports are continuing to show double-digit growth over last year as strong consumer demand keeps up its momentum, according to the monthly Global Port Tracker report released by the National Retail Federation.
Anta Group Sets Five-Year Growth Plan
Anta Group announced its five-year strategic targets and a 24-month acceleration plan “Lead to Win” for its Anta brand.
Legion Partners Scores Glass Lewis Nod for Two Genesco Candidates
Legion Partners, the activist shareholder group, received a third party recommendation in its proxy war with Genesco as Glass Lewis endorsed the investment firm’s director nominees Dawn H. Robertson and Hobart P. Sichel.
OIA Appoints COO And Director Of Research
Outdoor Industry Association (OIA) appointed Arlene Charles as chief operating officer and Kelly Davis as director of research.
Michael Avenatti Sentenced To 30 Months In Prison In Nike Extortion Case
Michael Avenatti, the celebrity lawyer, was sentenced Thursday to 30 months in prison for trying to extort up to $25 million from Nike by threatening the company with bad publicity.
Anta Sees Strong Growth For Second Quarter
Anta said retail sales, in terms of retail value, of Anta branded products for the second quarter of 2021 recorded 35-to-40 percent positive growth compared to the same period of 2020.
The Buckle’s June Sales Climb 18 Percent
The Buckle Inc. announced that total net sales for the 5-week fiscal month ended July 3, 2021 increased 17.8 percent to $111.7 million.
GOA Adds Vendor Partners; Expands To 196 Retail Doors
Grassroots Outdoor Alliance (GOA) has added five retail members, including Big Agnes and Osprey, as vendor partners.
ABG To Undergo Credit Review With Positive Implications After IPO Filing
S&P Global Ratings said it placed the debt ratings of Authentic Brands Group (ABG) under review for a possible upgrade after the brand licensing powerhouse filed for an initial public offering.
REI To Open Second Location In Missouri
REI will open a new store in Spring 2022 in Town and Country, MO. Since 2001, the outdoor retailer has had a store presence in St. Louis.
PacSun Enters Sneaker Resale Business
Pacific Sunwear of California has launched into the sneaker resale market with PS Reserve.
Belk Announces Promotions Within Senior Leadership Team, Including New CEO
Belk announced several promotions within the company’s senior leadership, most notably the promotion of Nir Patel to CEO. Lisa Harper, who served as Belk’s CEO dating back to July 2016, has transitioned to Executive Chair of the Belk Board of Directors.
Authentic Brands Group Files For IPO
Authentic Brands, which owns a number of fashion and sports brands, filed for an initial public offering.
