Abercrombie & Fitch Co. Promotes Tenured Company Leader to CFO
Robert Ball was promoted to chief financial officer, effective November 20, 2024, reporting to Scott Lipesky, executive vice president and chief operating officer.
Burlington Stores, Inc. Appoints Former Staples CEO to Board
Shira Goodman, former CEO of Staples, Inc., will join Burlington Stores Board of Directors and Audit Committee effective January 1, 2025.
Nordstrom Beats Street Estimates for Q3 on DD Growth in Women’s Apparel and Active
In the third quarter, Nordstrom saw women’s apparel and active post double-digit growth, while shoes, men’s apparel and kids were up in the mid- to high-single-digits versus Q3 2023. Growth in women’s apparel, shoes and men’s apparel reportedly accelerated sequentially from the second quarter.
EXEC: The Oberalp Group Opens New Pomoca Brand Headquarters in Switzerland
The Oberalp Group, which owns Salewa, Dynafit, Pomoca, Wild Country, Evolv, and LaMunt, has opened a new Pomoca brand headquarters in Chavornay, Switzerland, after three years of construction and a $13.5 million investment in the ski skin brand.
EXEC: Sports Direct Parent Set to Acquire South Africa’s Holdsport Group
Frasers Group, the parent of UK-based Sports Direct, has closed on an agreement to acquire South Africa-based Holdsport Group from Old Mutual Private Equity and Holdsport’s management.
RVIA Survey Finds 21 Million Americans Plan to Travel by RV During the Holiday Season
The survey found that 21 million Americans plan to go RVing between Thanksgiving and New Year’s, with 9 million hitting the road for Thanksgiving and 7 million for Christmas.
EXEC: Amer Sports Inks Deal to Allow Salomon, Atomic Binding System
Amer and Rottefella have reached an agreement regarding the Cross-Country Shift and Shift Race binding systems following a ruling from the Oslo District Court favoring Rottefella, which would have essentially banned the sale of Salomon’s and Atomic’s Shift and Shift Race binding systems.
L.L.Bean Opens New Maine Outlet Store
Jason Sulham, the company’s public affairs manager, reported that the 14,500-square-foot store will move into an existing space near the Market Basket grocery store in The Shops at Biddeford Crossing.
Kohl’s Snags Ashley Buchanan from Michael’s as New CEO; Kingsbury Signals Exit
Company CEO Tom Kingsbury plans to step down as CEO, effective January 15, 2025. He will stay on in an advisory role to the new CEO and retain his position on Kohl’s Board of Directors through his retirement in May 2025.
Kohl’s Shares Plunge 17 Percent as CEO to Exit and Q3 Results, Holiday Outlook Disappoint
The mid-tier retailer’s outgoing CEO Tom Kingsbury said in a Tuesday, November 26, media release that third quarter results did not meet expectations as sales remained soft in the retailer’s apparel and footwear businesses.
EXEC: Dick’s SG Beats Q3 Expectations; Increases 2024 Comp Sales and EPS Outlook
The company raised full-year 2024 guidance for comparable sales growth to a range of 3.6 percent to 4.2 percent, up from 2.5 percent to 3.5 percent previously, and raised diluted EPS guidance to between $13.65 to $13.95 per share, up from $13.55 to $13.90 previously.
EXEC: VF Corp. Shuttering East Coast DC, Moving Dickies to Vans HQ; 360 Jobs Impacted
The two moves, seen as part of the company Reinvent plan, are expected to impact 242 employees at the Virginia distribution center and another 120 Dickies staff with the move to California.
Nike, Inc. Appoints Executive VP and Chief Human Resources Officer
Treasure Heinle, the company’s chief talent officer, will assume the role of executive vice president and chief human resources officer, effective January 6, 2025. She succeeds Monique Matheson, who has decided to retire after 26 years with the company.
Zenga Brothers Design Furniture Collection For “Skate Break”
The Skate Break Collection includes five furniture pieces—an oversized steel lamp and a boardroom table that converts to skateable pieces. Designers and brothers Benny and Christian Zenga worked with skateboarder Andy Anderson to test and prototype the pieces which they displayed in an interactive exhibition in Vancouver earlier this year.
Circana Taps into Kroger Executive Ranks to Find Next President and CEO
Stuart Aitken joins Circana on January 1, 2025 from Kroger, where he has served as chief merchant and marketing officer since 2019. He will succeed Kirk Perry, who has decided to retire from the role. He will remain a Board director.
