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Duluth Trading Welcomes Stephanie Pugliese Back as President and CEO
Pugliese replaces outgoing CEO Sam Soto, who announced last week he was leaving the business. She first joined Duluth Trading in November 2008 as VP of product and merchandising, and was promoted continuosly until assuming the CEO role in 2015, a role she served in until 2019.
NRF: Consumer Spending Not Unraveling; Retail Sales Growth to Continue in 2025
The association’s 2025 sales forecast compares with 3.6 percent annual sales growth to $5.29 trillion dollars in 2024. This year’s forecast also aligns with the 10-year pre-pandemic average annual sales growth of 3.6 percent.
Macy’s Advances “Bold New Chapter”; Appoints New Finance Head
Capri Holdings’ finance and operations head, Thomas J. Edwards, will become chief operating officer and chief financial officer at Macy’s, Inc., effective June 22.
BRP Inc. and Bryton Marine Group Ink Deal for Alumacraft Divesture
BRP earlier this week reported the sale of its Telwater business, which includes the Quintrex, Stacer and Savage brands. BRP plans to sell its Marine businesses to double down on its core Powersports activities.
Birkenstock Opens Tenth U.S. Retail Store in Nashville, TN
Birkenstock Nashville, located at 2212 12th Avenue South, hosted an opening event on March 27. Birkenstock created a campaign that spotlights the locals who shape the city’s culture and long-time Birkenstock wearers, captured by photographer Cristina Fisher.
ElliptiGo Promotes Bryce Whiting to Chief Executive Officer
Co-founder and outdoing CEO Bryan Pate will continue to be involved with ElliptiGo as CEO of PT Motion Works, the parent company of ElliptiGo and Gibbon North America.
FDRA: Most Footwear Execs Surveyed See Weakening Business Ahead
The Q1 survey conducted among footwear execs reportedly shows a significant decline in industry confidence, with 87 percent of respondents expecting a weaker economy over the next six months – the most pessimistic outlook in the survey’s history.
PVH Corp. Shares Jump on Strong FY Finish, Positive 2025 Outlook
PVH shares jumped more than 15 percent in overnight trading. A supplemental announcement on Monday, March 31 may also have had an effect on the share gain as the company plans to enter into accelerated share repurchase (ASR) agreements.
EXEC: Fila Holdings Officially Changes Name to Misto Holdings
Misto Holdings manages a portfolio of brands, including Fila, Titleist, FootJoy, Scotty Cameron, and others; however, the name Fila Holdings was closely associated with the Fila brand, leading to a limited perception of its broader portfolio and global brand management role.
Boar Products Enters Strategic Partnership with Steelhead Outdoors
The manufacturer of gun cleaning and maintenance products and Steelhead Outdoors, the Minnesota-based manufacturer of modular, American-made gun safes, are “giving gun owners the tools they need to protect and maintain their firearms for life.”
EXEC: Lululemon Shares Fall as Analysts React Strongly to Weak 2025 Outlook
Analysts are keeping a keen eye on any hint of a consumer slowdown — the fuel for the U.S. economy. They were laser focused on a weaker-than-expected outlook for 2025, and another mention by a CEO of a “cautious consumer” and the effect of FX headwinds on EPS estimates.
Rural King Opens New Store in Alabama
Rural King has grown to over 130 stores in fourteen states, providing a broad range of essential goods, food, feed, seed, and other farm and home necessities to communities it serves throughout Alabama, Georgia, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, and West Virginia.
Bass Pro Shops to Officially Open in Tyler, TX, with Evening for Conservation
The retailer will host a grand opening of its new retail store in Tyler, TX, with an Evening for Cnservation, on Wednesday, April 16. Every dollar spent during the event, 20 percent (on most items) will be donated to local conservation organizations, a tradition owner Johnny Morris started many years ago.
EXEC: Will Mexico Tariffs Stymie Mainland Headwear’s Plans South of the Border?
There was no mention of U.S./Mexico tariffs in the company’s Annual Report, even as more production moves south of the border for Mainland and New Era (presumably) that push to increase shipments in the second quarter and that could eat into company margins as tariffs are due in April after a 30-day delay.
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