NRF Elects Five New Board Members At Summer Board Meeting
The National Retail Federation elected five new members to the organization’s Board of Directors during the trade association’s summer board meeting in Washington, D.C.
NRF Expects Imports For First Half To Be 22 Percent Below H1 Last Year
Import cargo volume at the nation’s major container ports is expected to be 22 percent lower during the first half of 2023 than the same time last year despite increased consumer spending, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Report: Shopping Centers Continue To Bear Brunt Of Retail Traffic Slowdown
The latest update to Placer.ai’s Mall Index, Placer.ai Mall Index – May 2023 Recap, shows that shopping malls continue to bear the brunt of consumer concerns regarding the economy, as foot traffic fell year-over-year at indoor malls, open-air lifestyle centers, and outlet malls.
U.S. Polo Assn. Targets $3 Billion In Global Sales By 2030 After Strong 2022 Results
U.S. Polo Assn., the official brand of the United States Polo Association (USPA), broke the $2 billion milestone in 2022, delivering a record $2.3 billion in global retail sales for the year.
Fanatics Holdings Appoints Chief Legal Officer
Fanatics appointed Gregg Winiarski as chief legal officer for Fanatics Holdings, Inc, responsible for overseeing the full range of legal matters across the global Fanatics business, including Commerce, Collectibles and Betting and Gaming. He played a significant role in the company’s acquisition of Topps.
NRF: Economic Conditions Look Like A Soft Landing, Not Recession
Economic indicators are giving conflicting signs but the nation does not appear to be in a recession and should be headed toward a soft landing from the rampant inflation and high interest rates of the past two years, according to National Retail Federation Chief Economist Jack Kleinhenz.
SAS Renews Athletic Shoes Program With Defense Logistics Agency
San Antonio Shoemakers (SAS) was awarded a three-year renewal contract with the Defense Logistics Agency (DLA) to produce specialized footwear for the basic training of U.S. service members.
Report: Labor Still A Top Challenge For Manufacturers As Optimism Remains Low
As rising interest rates, poor economic conditions and an ongoing talent shortage continue to plague manufacturers, optimism amongst industry leaders remains low, according to a new industry report.
Lululemon Renews Partnership With Xponential Fitness
Lululemon and Xponential Fitness renewed and expanded their partnership for Lululemon Studio with digital workouts from Pure Barre, Rumble, AKT, and YogaSix. The extension builds on the Studio’s launch last October.
PGA Tour, DP World Tour And LIV Golf Ink Merger Deal; Saudis To Chair Board
The PGA Tour, DP World Tour and the Public Investment Fund (PIF) have signed an agreement that combines PIF’s golf-related commercial businesses and rights (including LIV Golf) with the commercial businesses and rights of the PGA Tour and DP World Tour into a new, collectively owned, for-profit entity.
G-Form Awarded $1.2 Million R&D Agreement With U.S. Army
G-Form has secured its first Other Transaction Authority Agreement for Prototype (OTAp) with the U.S. Army Development Command – Soldier Center (DEVCOM SC), which ensures the dominance of Army capabilities by creating, integrating, and delivering technology-enabled solutions for soldiers.
Rossignol Group Appoints New GM Of Global Softgoods Division
The Rossignol Group has tapped Liz Wilson as general manager of the Group’s global Softgoods division. After earlier stints at Nike and TNF, Wilson most recently acted as SVP of global product creation for Outdoor Research where she helped to double the brand’s business over four years.
BRC: May U.K. Retail Growth Moderates Despite Trio Of Bank Holidays
U.K. total retail sales increased 3.9 percent in May, against a decline of 1.1 percent in May 2022; this is below the 3-month average growth of 4.7 percent and above the 12-month average growth of 3.4 percent.
Academy Sports Trims Full-Year Outlook On Q1 Shortfall
Academy Sports and Outdoors, Inc. slightly reduced its guidance for the year after reporting results for the first quarter ended April 29 missed plan although the sporting goods chains predicted sales would improve in the back half of the year.
VF Corp. Launches Operations At New Ontario, CA Distribution Center
VF Corp. started operations at its new distribution center in Ontario, CA, employing approximately 550 people during peak periods. The company said the new 1.2 million-square-foot facility is the largest and most efficient within its global network of 46 distribution centers.
