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Poshmark’s Stock Price More Than Doubles In IPO Debut
Poshmark Inc.’s shares more than doubled in its initial public offering debut Thursday.
Stock+Field Closing All Locations
Stock+Field, the farm supply and outdoor department store, has filed for bankruptcy and is closing all 25 of its locations.
U.S. Bans Cotton From Xinjiang Region
The U.S. has banned imports of cotton products and tomatoes produced in China’s Xinjiang region over the Chinese government’s continued atrocities against its Uighur Muslim population U.S. Customs and Border Protection (CBP) said on Wednesday.
TYR Sport Appoints EVP Of Sales
TYR Sport Inc appointed Charlie Siracusa as executive vice president of sales. He previously worked for Timberland Pro and Carhartt.
Zumiez Sees 1.7 Percent Holiday Comp Gain
Zumiez Inc. reported comparable sales increased 1.7 percent for the 10-week period ended January 9, 2021, compared to the 10-week period ended January 11, 2020.
Adobe Sees 32 Percent Online Growth Over Holiday Season
Adobe said based on Adobe Analytics data, U.S. online spend totaled $188.2 billion over November and December, which represents 32.2 percent growth year-over-year.
Tilly’s Sees Modest Comp Gain Over Holiday Period
Tilly’s Inc. reported same-store sales grew 2.7 percent for the nine-week period ended January 2. Comparable net sales in physical stores decreased by 12.4 percent while e-commerce net sales jumped 65.2 percent.
Lululemon Sees Q4 Earnings At Upper End Of Guidance
Lululemon Athletica Inc. announced the company now expects revenue and earnings to be at the high end of its prior range of expectations for the fourth quarter of fiscal 2020 ending January 31.
Columbia Sportswear Adds Starbucks Exec To Board
Columbia Sportswear Co. announced that its board of directors appointed John Culver to serve as a director and member of its Compensation Committee.
Macy’s Reveals Locations To Close In 2021
Macy’s Inc. revealed the list of locations it expects to close this year, including 36 Macy’s stores and one Bloomingdale’s location.
Channel Islands Surfboards Is Officially Under New Ownership
Burton Snowboards has completed the sale of Channel Islands Surfboards to employees of the surf brand. Britt Merrick has been named CEO, and longtime Channel Islands Surfboards General Manager Scott Anderson will assume the role of president.
Under Armour Opens Port Covington Campus To Administer COVID-19 Vaccines
Under Armour has opened up one of its facilities on its Baltimore Port Covington Campus to the Baltimore County Health Department to help administer COVID-19 vaccines in the area.
Filson Taps Former CEO Of Woolrich As CEO
Filson, the outdoor outfitter and apparel manufacturer based in Seattle, announced that Paolo Corinaldesi has been named as chief executive officer. Corinaldesi is the sixth CEO in the brand’s 124-year history.
Macy’s To Shutter 45 More Locations In 2021
Macy’s plans to close 45 department stores by the middle of this year as part of its previously-announced plan to shut 125 locations by 2023.
NRF Chief Economist Sees Latest Stimulus Helping Recovery
Economic challenges brought on by the coronavirus pandemic will continue in 2021, but stimulus legislation signed into law just after Christmas will help maintain and accelerate the nation’s ongoing recovery, believes National Retail Federation Chief Economist Jack Kleinhenz.
