NRF: Consumers Remain ‘Willing to Spend’ Despite Considerable Economic Headwinds
While the growth rate of consumer spending has begun to ease, owing to slower job and wage gains, higher interest and tighter credit, “consumers clearly remain willing to spend.”
Citi Trends Narrows Q1 Net Loss, Tempers Comps Outlook for Year as New CEO Takes Reins
Net loss per share was 42 cents, or a loss of 32 cents per share as adjusted, compared to a loss of 81 cents, or 66 cents as adjusted in Q1 2023.
Skechers Rings In 25th Anniversary with the NYSE and an All-Time High
Skechers, founded in 1992, celebrated its 25th year as a public company by ringing the New York Stock Exchange opening bell on June 3.
DSW Parent’s First Quarter Earnings Tank as Retail Side Looks to Restore Growth
First quarter net sales increased 0.6 percent year-over-year to $746.6 million. Total comparable sales decreased by 2.5 percent in the first quarter on top of a 10.4 percent decline in the year-ago Q1 period.
Banana Republic Opens Redesigned NYC Flagship Store
The store’s features merge a retail experience with art and architecture amd showcase Banana Republic’s men’s and women’s ready-to-wear, accessories and home collections within 17,000 square feet, covering two floors.
DSW Names Sarah Crockett Chief Marketing Officer
Prior, she was global CMO for Williamson-Dickie Mfg. Co., parent of the Dickies brand, and subsequently held the role of CMO at Backcountry.com and Burton Snowboards. She currently sits on the Board of Rumpl and Stance.
TRE Parent Rolling Out Switchback as Stand-Alone Outdoor Industry Event
Switchback is coming to Nashville, TN, June 16-18, 2025, separate from its sibling show, The Running Event. Switchback Spring 2025 will continue to provide retailer scholarships and welcome an advisory panel to support shaping the event’s trajectory.
VF Names Caroline Brown as TNF Global Brand President; Re-Works Board
As a result of her appointment, Brown resigned from VF Corp.’s Board of Directors. She served as an independent director on the Board from February 2024 to May 2024.
White Mountain Expands Into Men’s and Boy’s Footwear
The first collections for men and boys are scheduled to be launched in Spring 2025 and will be available on the brand’s e-commerce site, with retail and specialty stores to follow.
Brixton Hires Industry Veteran as SVP of U.S. Wholesale
Brian White was the SVP of Global Sales for Herschel Supply after being the VP of sales for Nixon and managing the agency he founded, including for brands Ride, Hurley, Globe, and DaKine.
Adidas Terrex Opens Showroom in Downtown Boulder
The space, located near Pearl Street, will be use for “events, hosting partners and community members, and building connections with the city’s strong, local retailer market.”
Citi Trends Shuffles CEO Role in Weekend Board Action
The retailer’s Board of Directors appointed Ken Seipel as interim CEO, effective June 2. In connection with his appointment, David Makuen stepped down as CEO and a board member.
Nordstrom Promotes Alexis DePree to Chief Operating Officer
DePree will continue to support supply chain operations, transportation, inventory operations, enterprise operations, and store operations, but now with an expanded title that better reflects the breadth of these teams’ work.
EXEC: Genesco CEO Outlines the Journeys Turnaround Plan and Progress
As Journeys’ product advances and other strategic initiatives across the business take hold, Journeys’ parent expects momentum to build into fiscal 2026 but also warned of Q2 and Q3 challenges ahead.
Report: U.S. Sporting Goods Growth Continues Solid Post Pandemic Growth
The growth last year coincides with a year in which the market saw the lowest number of total inactive Americans (64.9 million people) since SFIA began tracking the metric.
