SGB Update Apparel

REI To Open Re/Supply Store In Clackamas, OR This Summer

REI Co-op will open a Re/Supply store selling used gear and apparel in Clackamas, OR in late August 2023. Located in the Clackamas Town Center, the 16,113-square-foot store will open a few doors down from the co-op’s existing store which opened in 2007.

Report: May Retail Sales Grow 2 Percent On ASP Growth; Apparel Declines

U.S. retail sales revenue in May 2023, including discretionary general merchandise and consumer packaged goods (CPG), increased 2 percent compared to the same month last year, even as unit sales declined 3 percent, according to data from Circana, formerly IRI and The NPD Group.

Stitch Fix Hires Former Macy’s Exec As CEO

Stitch Fix, Inc. announced that Matt Baer, former chief customer and digital officer at Macy’s, Inc., was hired as CEO and appointed as a member of the Board of Directors, effective June 26, 2023. Founder, Interim CEO and Executive Chairperson of the Board, Katrina Lake, will work closely with Baer as he transitions into the role. 

Fanatics Acquires Latin American Wholesaler

Fanatics completed the acquisition of Fexpro, a wholesaler of licensed sports and branded apparel in Latin America. Headquartered in Panama, Fexpro is a preferred licensee for several major U.S. sports leagues in the region and also works with international soccer clubs.

Adobe: Online Prices See Continued Downward Trend In May

Adobe reported online prices in May 2023 fell 2.3 percent year-over-year, the most significant decrease since the pandemic started, marking the ninth consecutive month of year-over-year price decreases with over half of Adobe’s tracked categories (11 of the 18) falling in prices on an annual basis. On a month-over-month (month-on-month) basis, online prices fell 1.2 percent in May.

JD Sports Chairman Named Next Chair Of British Retail Consortium

Andy Higginson, chair of JD Sports Fashion plc, was appointed to succeed Tony De Nunzio as chairman of the British Retail Consortium (BRC), effective September 2023, when De Nunzio completes his tenure as chair of the UK’s retail trade association.

Signa Sports Partners With Tennis Channel

Tennis-Point, the racquet-sports equipment online retailer owned by Signa Sports United, entered into a multiyear agreement with the Tennis Channel to operate tennis.com and a new merchandise site found on TennisShop.com.