SGB Update Apparel
Puma Joins Zero100
Puma joined Zero100, a community-based education and research platform aiding organizations to reduce carbon emissions through digitization.
Report: U.S. Retail Sales Up 8.8 Percent In January
According to Mastercard SpendingPulse, U.S. retail sales, excluding automobiles, were up 8.8 percent year-over-year in January. E-commerce sales were up 8.4 percent year-over-year, while in-store sales were up 8.9 percent year-over-year.
Newell Brands Appoints Peterson CEO, Saligram Retires
Newell Brands promoted current company President Chris Peterson as president and CEO, effective upon the conclusion of its 2023 Annual Meeting of Stockholders on May 16.
Newell Brands Outdoor & Recreation Core Sales Fall 21 Percent In Q4; Loss Widens
The Outdoor & Recreation segment, which includes Marmot, Ex Officio, Stearns, Bubba, Coleman, and Contigo, among others, generated net sales of $211 million in Q4 compared with $304 million in the prior-year period, reflecting a core sales decline of 21.0 percent.
HanesBrands To Offer Senior Notes
HanesBrands, Inc. reported it plans to offer a $600 million aggregate principal amount of senior unsecured notes due 2031 in a private offering.
Tractor Supply Extends CEO’s Contract; Shifts Board Leadership
Tractor Supply Company extended President and CEO Hal Lawton’s employment contract and key transitions on its Board of Directors. The Board of Directors elected long-standing member Edna Morris as Chairman of the Board.
Topgolf Callaway Posts Wider Q4 Loss On Strong Double-Digit Growth
Topgolf Callaway Brands Corp. posted another strong quarter to end 2022, delivering a 19.6 percent increase in revenue to $851.3 million in Q4, reflecting growth in each operating segment, major product category and region.
Adidas Says Yeezy Fallout Could Result In Billion Euro Loss
Adidas in an outlook update warned it expects a loss in the range of €500 million to €1 billion ($534 million to $1.07 billion) in 2023 from the exit of its Yeezy business.
Adidas’ Head Of Global Marketing Departs
Vicky Free has left her role as global head of marketing at Adidas, according to Adweek.
New Balance Opens Retail Concept In Boston
New Balance opened the second experiential store concept at 124 Newbury Street in Boston. The first store opened in Guangzhou, China, in December 2022.
Kohl’s Names New Chief Merchant
Kohl’s named 25-year retail veteran Nick Jones as chief merchandising and digital officer, reporting to CEO Tom Kingsbury, effective in March.
Dick’s SG Plans 200 Trade-in Events In First Half Of 2023
Dick’s Sporting Goods and SidelineSwap are building on the success of the 60 trade-in events they executed in 2022 and expanding their partnership to offer 200 trade-in events in 19 states through the first half of 2023.
Ashworth Taps ProQuip Golf As U.K., Ireland Distributor
Ashworth is back in U.K. and Ireland golf stores for 2023 and beyond. The iconic apparel brand and its Golfman logo will soon be seen on British and Irish fairways thanks to a new agreement between Ashworth owners YGM Group and ProQuip Golf.
BJ’s Wholesale Club Adding First Store In Tennessee; Adds To Florida, Georgia
BJ’s Wholesale Club will continue its expansion of new club locations in the upcoming months, including opening its very first club in the state of Tennessee by the first half of the year.
Thrasio Hires Amazon Vet As President, Chief Commercial Officer
Thrasio Holdings, Inc., parent company of Wise Owl Outfitters and more than 200 other Amazon and e-commerce brands, tapped Steven Shure as president and chief commercial officer. Danny Boockvar takes on a new position as president, mergers and acquisitions and new ventures.
