Life Time Opens Fourth Maryland Club At Annapolis Town Center
SGB UpdatesLife Time reported it opened its fourth club at the Annapolis Town Center, near the U.S. Naval Academy, in Annapolis, MD. (Read More)
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REI To Open In Marina Del Rey
SGB UpdatesREI Co-op will open a new store in Marina del Rey in spring 2023. The 24,000-square-foot site is the retailer's 30th store in California. (Read More)
On Adds Apparel To Resale Program
SGB UpdatesSwiss running brand On has added men’s and women’s apparel to its resale program. The move follows the September launch of Onward resale site and online trade-in program initially focused on footwear. (Read More)
NSRA Names 2022 Retailer Of The Year
PR Partner Press ReleaseThe National Shoe Retailers Association (NSRA) honored Troy Dempsey as its 2022 Retailer of the Year during its Leadership Conference held November 9-10, 2022, in Tucson, AZ. Troy Dempsey is the owner of The Heel Shoe Fitters in... (Read More)
Igloo Introduces Rick And Morty Universe Cooler Collection
PR Partner Press ReleaseIgloo released its first Rick and Morty cooler collection in collaboration with Warner Bros. Discovery Global Consumer Products and Adult Swim. The three special-edition coolers include Mr. Meeseeks Box Little Playmate, Riggity... (Read More)
Czechoslovak Group Acquires Majority Stake In Fiocchi Munizioni
SGB UpdatesCzechoslovak Group (CSG) has acquired a 70 percent stake in Fiocchi Munizioni, the manufacturer of small-caliber ammunition. CSG said it would partner with the current shareholders, the Fiocchi family and Charme Capital Partners, each retaining a minority stake for continued growth. (Read More)
Nexgen Packaging Names CEO
SGB UpdatesNexgen Packaging, a provider of packaging for the retail, apparel and footwear industries, hired James Welch as CEO. Welch assumed the role in October, after having been the company's co-CEO since June 2021. Co-founder Andy Effron moved from the co-CEO role to the chairman. (Read More)
Beachbody Receives Compliance Notice From NYSE
SGB UpdatesThe Beachbody Company, Inc. said it received a deficiency letter from the New York Stock Exchange notifying the company that it is not in compliance with applicable price criteria in the NYSE's continued listing standards. (Read More)
Camping World Further Expands In Southern California
SGB UpdatesCamping World Holdings, Inc. agreed to acquire RV Solutions, Inc., a family-owned RV dealership group in San Diego, CA. The transaction includes two RV dealership locations–RV Solutions and Airstream of San Diego—and one standalone parts and service center in El Cajon, CA. (Read More)
Unifi Expands Textile Takeback System
SGB UpdatesUnifi, Inc. expanded its Textile Takeback, a collection and recycle polyester-based fabric waste system, whereby recycled resin is converted into Repreve fiber or blended with recycled plastic bottle material. (Read More)
RYU Makes Changes In Management
SGB UpdatesRYU Apparel, Inc. said it changed its management structure and relocated its corporate headquarters to Toronto from Vancouver, Canada. The company accepted the resignations of former COO Robert Blair and former CFO Robert Lelovic. Cesare Fazari will continue as CEO and assume interim CFO responsibilities until a replacement is found. (Read More)
Shopify Merchants Break Black Friday Records With $3.36 Billion In Sales
SGB UpdatesShopify, Inc. reported a record-setting Black Friday with global sales of $3.36 billion from the start of Black Friday in New Zealand through the end of Black Friday in California—marking a 17 percent increase in sales over Black Friday in 2021, 19 percent on a constant-currency basis. (Read More)
Mastercard SpendingPulse: Black Friday Sales Climb 12 Percent
SGB UpdatesAccording to Mastercard SpendingPulse, U.S. retail sales on Black Friday were up 12 percent year-over-year, excluding automotive, in-store sales increased 12 percent year-over-year, and e-commerce sales experienced sustained growth, up 14 percent. (Read More)
Designer Brands Expands Board With Two New Members
SGB UpdatesDesigner Brands Inc., the parent of DSW, announced two new appointments, Rich Paul and Tami J. Fersko, to its Board of Directors. (Read More)
Yomiuri Giants, Nike And Fanatics Announce Long-Term Partnership
SGB UpdatesThe Yomiuri Giants, Nike and Fanatics announced a long-term global partnership whereby Nike becomes the official uniform supplier of the Yomiuri Giants. Fanatics will manufacture and distribute on-field uniforms and player performance merchandise as well as Nike-branded fan jerseys and apparel. (Read More)
Soccer Post Receives Investment From Private Equity Firm
SGB UpdatesSoccer Post, the largest chain of soccer specialty stores in the U.S., has secured an investment from TZP Group, the private equity firm. Soccer Post announced that Alex Morgan, the American professional soccer player, has become an investor and brand ambassador. (Read More)
Camping World’s COO To Retire
SGB UpdatesCamping World Holdings, Inc.'s Chief Operating Officer, Tamara Ward, will retire from her position effective December 31. Matthew Wagner, executive vice president, will be promoted into the role effective January 1, 2023, as part of a planned leadership succession. (Read More)
EXEC: Famous Footwear Unable To Top Year-Ago “Blockbuster” Results In Q3
SGB ExecutiveFamous Footwear’s same-store sales slipped 0.8 percent in the third quarter ended October 29. Results topped expectations with the family footwear chain facing a 26.5 percent same-store gain in the 2019 third quarter. Jay Schmidt, president of Caleres, on a conference call with analysts, said, "By limiting promotional activity, the business generated margins higher than pre-pandemic levels." (Read More)
EXEC: Dick’s SG Sees Top-Line Growth Build On Recent Momentum
SGB ExecutiveDick’s Sporting Goods’ third-quarter earnings declined due to aggressive markdowns on apparel but came in well above Wall Street targets as sales remained strong. The sporting goods giant also noted that results remain significantly above 2019 levels while lifting its guidance for the second straight quarter. (Read More)
Nordstrom Records Loss In Third Quarter
SGB UpdatesNordstrom, Inc. reported a third-quarter net loss of $20 million, or 13 cents a share, for the quarter ended October 29, 2022. Excluding a supply chain technology and related asset impairment charge, the company reported adjusted earnings per diluted share of 20 cents. (Read More)