SGB Update Apparel

Deckers Brands Will Execute a Six-for-One Forward Stock Split

The parent company of Hoka, Ugg, Teva, Sanuk, Koolaburra, and Ahnu said its Board approved a six-for-one forward stock split and a proportionate increase in the number of authorized shares of common stock and preferred stock to accommodate the stock split.

The Buckle Posts Another Comp Store Sales Decline in June

The 5.7 percent decline for the 5-week fiscal June period comes on top of a 2.4 percent comp sales decline in the 2023 June period. Net sales for the month decreased 5.8 percent year-over-year to $101.7 million.

EXEC: Rossignol Reopens Paris St–Germain Store

Joining a host of other brands freshening or expanding their Paris retail presence for the Summer Olympics, The Rossignol Group has reopened its Paris St–Germain store following a complete renovation.

REI Co-op Appoints SVP, Chief Technology Officer

Guillaume Ledieu succeeds Dan Shull, who will depart REI on July 12 for a new opportunity. Guillaume joined the co-op in 2023 as VP of foundation technology and has already had an incredible impact in his short time working for the company.

Locally Names First Chief Marketing Officer

Karen Sage joins the company as CMO to further fuel Locally’s expansion as it marks a 12-month growth trajectory to over $1.8 billion in retail referral sales.

Macy’s, Inc. Appoints New Chief Information Officer

Keith Credendino, who is currently SVP of technology product development, customer experience, will succeed the retiring Laura Miller as CIO, effective August 4, and join the company’s Corporate Strategy Group.

Target Will Stop Accepting Checks at Checkout

Target announced on Tuesday, July 9, that, as of July 15, it will no longer accept personal checks from customers at the time of checkout. The retailer confirmed its decision with the Associated Press, citing “extremely low volumes” of customers who pay by check.

NRF: Consumers Face ‘Critical Moment’ Waiting on Fed

National Retail Federation Chief Economist Jack Kleinhenz said the Fed must balance using high interest rates to reduce inflation with the risk that keeping rates too high for too long could slow the economy to the point of recession.