SGB Update Apparel
Vuori To Open Second Boston Store
Vuori is opening a storefront this summer at the Derby Street Shops in Hingham, MA, marking the second brand store in the Boston area and its debut on the South Shore.
USA Swimming Extends Speedo Partnership Deal Through 2024
USA Swimming reported it extended its partnership with Speedo through December 31, 2024.
Macy’s Adds Board Member
Macy’s Inc. appointed Naveen Chopra, executive vice president and chief financial officer of Paramount Global, to its board of directors, effective April 1, 2023. John Bryant and Leslie Hale, who have served on the board since 2015, will not stand for re-election at the company’s 2023 annual meeting.
Walmart Laying Off Thousands Of Warehouse Employees
Walmart is laying off hundreds of employees at its e-commerce fulfillment centers nationwide. The company said it made the cuts “to better prepare for the future needs of customers.”
Oxford Industries’s Q4 Sales Jump 28 Percent
Oxford Industries Inc., the owner of Tommy Bahama, Lilly Pulitzer and Johnny Was, reported earnings rose 35.7 percent in the fourth quarter ended January 28 as sales expanded 28 percent. Results exceeded company guidance.
Kohl’s To Add 250 In-Store Sephora Shops This Year
Kohl’s reported that 250 of its stores would add 2,500-square-foot Sephora in-store shops in 2023, adding 250 shopping destinations to Kohl’s fleet of more than 850 and achieving the partnership’s initial planned goal announced when Sephora rolled out at Kohl’s.
Manufacturers Report: Active Lifestyle Market Grew 4.3 Percent In 2022
Product sales in the sporting goods, fitness and related recreation markets grew 4.3 percent last year, building on record sales growth in 2021, according to the Sports & Fitness Industry Association’s 2023 Manufacturers Sales by Category Report.
Report: Sports Direct Eyes Merger With France’s Go Sport
Frasers Group Plc, the parent of Sports Direct and House of Fraser, is reportedly exploring acquiring France’s Go Sport chain out of insolvency as part of a broader plan to expand in Europe.
Nike, BSN Sports Co-Partner With University Of Southern Indiana
Based in Evansville, IN, the University of Southern Indiana (USI) established a new athletic partnership with Nike and BSN Sports.
Ocean Pacific Founder Jim Jenks Passes Away
Jim Jenks, the founder of the surf apparel brand Ocean Pacific, passed away at age 84.
QVC Parent’s Debt Ratings Lowered
S&P Global Ratings lowered the debt ratings of Qurate Retail, Inc., the parent of QVC. The rating agency said Qurate’s operating performance weakened further in the fourth quarter of 2022 as profitability was worse than anticipated, driving leverage up amid steadily declining customer demand.
Kitsbow Cycling Apparel To Close
Kitsbow, the manufacturer of cycling apparel and accessories based in Old Fort, NC, is closing after being unsuccessful in securing funding, CEO David Bilstrom said in a post on Kitsbow.com.
Bloomingdale’s Appoints Chief Merchant
Bloomingdale’s has promoted Denise Magid to the newly created role of chief merchandising officer, effective immediately. Within this position, Magid will drive the strategic direction and performance of all Bloomingdale’s merchandising initiatives.
Nike, Inc. Posts Double-Digit Growth Across Regions In Fiscal Q2 As EPS Beats Outlook
Nike, Inc. reported fiscal 2023 third quarter reported revenues were $12.4 billion, up 14 percent compared to the prior year and up 19 percent on a currency-neutral basis. Diluted EPS declined 9 percent to 79 cents a share. Inventories for Nike, Inc. were $8.9 billion, up 16 percent.
Turtle Fur Hires CEO, CFO And VP Marketing & E-Commerce
Turtle Fur reported strategic leadership hires, including CEO Jim Osgood, CFO Matt Glomski and VP of Marketing & E-Commerce Erika Canfield.
