Johnston & Murphy Revamps Two Mall Locations, Remains Focused to Retail Expansion
Redesign stores at Short Hills and Twelve Oaks aim to capitalize on the bounce back of America’s malls, attracting a younger consumer looking for an “engaging retail experience and instant gratification.”
EXEC: Columbia Sportswear Shares Tick Up on Analyst Upgrade
The last big jump for Columbia came after 2024 first-quarter results surpassed analysts EPS expectations and revenue also came in ahead of consensus estimates. COLM shares jumped 10.6 percent at the time. COLM shares are now flat for the year.
EXEC: New Report Sees E-Commerce Growth Rate Contracting 70 Percent by 2029
According to data presented by Stocklytics.com, the annual growth rate in the e-commerce sector is now expected to slow to just 4.6 percent by 2029, or 69.3 percent lower than the forecasted 2024 growth rate.
NRF: Consumers Face ‘Critical Moment’ Waiting on Fed
National Retail Federation Chief Economist Jack Kleinhenz said the Fed must balance using high interest rates to reduce inflation with the risk that keeping rates too high for too long could slow the economy to the point of recession.
ITF Launches Tennis Photo of the Year Competition for Pros and Amateurs
“…we wanted to give photographers, both amateur and professional, a chance to have their creativity recognized. I would encourage anyone who captures a special tennis moment at any level of the game to enter our competition, to be in with a chance of global exposure and a fantastic prize.” —David Haggerty, ITF President
NSGA: Former Board Chairman and Source for Sports Founder Al Anderson Passes Away
Al Anderson, the only Canadian to serve as Board chairman of the National Sporting Goods Association (NSGA), passed away on July 2. He was 92.
EXEC: Vista Outdoor Rejects MNC Final Offer as CSG Ups Ammo Segment Offer to $2.1B
Vista Outdoor Board unanimously recommended the CSG offer to acquire Vista’s Kinetics Group ammo segment, and it unanimously rejected MNC Capital’s final indication as inadequate and opportunistic, particularly in its undervaluation of the Revelyst outdoor products segment.
Skechers Signs Footballer Mohammed Kudus; Celebrates First Year Going Global
West Ham United and Ghana National Team Winger competes in Skechers football boots with the new Evolution Pack taking the brand global.
Rally House Opens Storefront in Lehigh Valley Mall and Second in Houston
The nationwide retailer increased its storefront count in the Philadelphia area to 22 after opening Rally House Lehigh Valley Mall in Whitehall, PA, on July 5, on the Mall’s lower level. Rally House Willowbrook Plaza opened on July 5, two weeks after its first storefront in Houston with Rally House Houston Outlets.
SGB Media to Close for Independence Day Holiday
SGB Media will not publish the SGB Morning or Evening Newsletters on July 4 and July 5. We will return to the office and resume publication on Monday, July 8.
Puma x Carrots Drop Green-Thumbed Collection
Puma and LA-based label Carrots by Anwar Carrots created a range of apparel, footwear and accessories in a garden-inspired color palette of oranges and greens with throwback graphics celebrating the Super Puma mascot
Embargoed: Fleet Feet Running Report
The report, due out later this month, includes running consumer insights based on a survey Fleet Feet commissioned with YouGov, scan data from tech partner Volumental and systemwide sales data from its over 270 locally owned and operated stores.
Kith For New Balance, Malibu
Limited quantities will be available on July 4 at the opening of Kith’s new Malibu, CA flagship store and on Kith.com, EU.Kith.com and the Kith App.
Kith to Open Malibu Flagship
On July 4, Kith will open its third flagship in Malibu, CA, alongside Beverly Hills and West Hollywood. To commemorate the opening, Kith partnered with New Balance to redesign the 1300 and 580 sneakers.
Authentic Brands Group Appoints Head of Japan Region
Jeff Daggett has been tapped as SVP, head of Japan. With over three decades of industry experience, Daggett is expected to play an integral role in strengthening Authentic’s presence and driving brand growth in the region.
