Balega’s Founders To Step Down
Implus LLC announced that Balega International founders Tanya and Bert Pictor will be stepping away from the day-to-day business. As part of the succession plan currently in process, Jenna Campbell has been tapped to lead the performance hosiery category and the Balega brand as VP category and brand development for performance hosiery.
Wolverine Worldwide Expects Second Quarter 2021 Revenue To Exceed Second Quarter 2019
Wolverine World Wide Inc. said it expects second-quarter 2021 revenue to exceed 2019 levels due to better-than-expected trends across nearly all brands in the portfolio, led by Merrell, Saucony and Sperry.
Caleres Appoints Chief Marketing Officer
Caleres has appointed Jennifer Olsen as chief marketing officer. Olsen was most recently the CMO of UNTUCKit.
Etsy To Acquire Fashion Resale Marketplace Depop
Etsy Inc. has signed a definitive agreement to acquire Depop, a privately-held marketplace for fashion for $1.625 billion. Following the closing of the transaction, currently anticipated to occur during the third quarter of 2021, Depop will continue to be headquartered in London and operate as a standalone marketplace run by its existing leadership team.
Genesco Issues Letter To Shareholders Ahead Of Annual Meeting
Genesco Inc. filed its proxy materials with the Securities and Exchange Commission in connection with the company’s Annual Meeting of Shareholders that included a letter urging shareholders to vote for its Board’s nominated slate of directors. The move comes as the retailer faces a proxy fight against an activist investor.
Second Run Show USA To Take Place in Chicago
Raccoon Events announced its second Run Show USA venue had been confirmed for June 4-5 2022, at the Donald E. Stephens Convention & Conference Center in Chicago. This is following the launch of its Run Show USA in Boston.
BAPE Secures New Investor
CVC announced the completion of an investment in A Bathing Ape (BAPE) after the Japanese streetwear brand became an independent company from I.T Limited. With the investment, CVC has acquired co-control of BAPE.
NRF Announces New Board Members
The National Retail Federation elected two new members to the NRF Board of Directors during its virtual summer board meeting. The new members are Hal Lawton, president and CEO of Tractor Supply Company, and Anish Melwani, chairman and CEO of LVMH Moët Hennessy Louis Vuitton Inc.
Pandemic’s Impact On Imports Easing, But Numbers Are Still Below Last Year
The impact of COVID-19 at major U.S. retail container ports appears to be easing slightly, with projected imports remaining below last year’s levels but not as much as previously forecast, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates..
Nike, H&M, Zara Among Foreign Brands China Accuses Of Selling Unsafe Children’s Products
The Chinese government accused H&M, Nike, Zara, and other brands, of importing unsafe or poor-quality children’s clothes and other goods. The warning comes as global brands have faced criticism in China over their decisions to boycott cotton from Northwest China’s Xinjiang Uygur Autonomous Region based on “forced labor” lies.
Dunham’s Sports Plans To Open 11 New Stores In Back Half Of 2021
Dunham’s Sports recently announced plans to open 11 new stores in the back half of 2021, bringing the company’s total store count to over 250.
Tilly’s Q1 Profits Surpass Wall Street’s Expectations
Tilly’s Inc. reported its best first quarter of any quarter since becoming a public company in May 2012. Sales grew 111.1 percent in the quarter year-over-year and gained 21.9 percent on a two-year basis.
Zumiez Posts Record Fiscal 2021 First Quarter Results
Zumiez Inc. reported a profit in the first quarter that significantly exceeded Wall Street’s estimates as sales doubled.
The Buckle Announces Planned Retirement Of SVP Of Men’s Merchandising
The Buckle Inc. announced that Robert M. Carlberg, senior vice president of men’s merchandising, would retire from his position with the company at the end of the current fiscal year.
New FDRA Chairman And Leadership Team Take Office
The Footwear Distributors and Retailers of America (FDRA) announced that Cliff Sifford, vice chairman and CEO at Shoe Carnival, had been selected to serve as its chairman.
