SGB Update Apparel
Big 5 Sporting Goods Renews Five-Year Credit Facility with BofA
The company has entered into an agreement to amend and extend its credit facility with Bank of America, N. A., as administrative agent and lender.
Skechers Opens New Flagship in Prague, Czech Republic
Skechers now has eight retail locations in the Czech Republic, including five additional stores in Prague, Modřice and Ostrava.
ICSC Makes Final Argument for Brick & Mortar Holiday Shopping in New Survey Report
The membership trade organization serving the commercial real estate and retail industries reported physical stores remain an important part of holiday shopping, as 84 percent of surveyed respondents intend to shop in-store or visit a store to pick up an online order.
Nordstrom Sets Plan to Open Rack Store in Nashua, NH
The 30,000-square-foot store will be located in Royal Ridge Center, a shopping center that includes Marshalls, Sierra Trading Post, HomeGoods, PetSmart, The Paper Store, and other retailers.
Perfect Moment Receives Non-Compliance Letter from NYSA American Exchange
The letter has no immediate effect on the listing or trading of the company’s common stock on the NYSE American. The company’s receipt of the letter from the NYSE American does not affect the company’s business, operations or reporting requirements with the SEC.
Foot Locker CTO Elected to PRA Group Board of Directors
As Foot Locker’s CTO, Butler drives technology strategy, innovation and delivery across their digital, data and analytics, supply chain/merchandising and omni-channel experiences. In addition to serving on multiple boards, Butler is the recipient of numerous awards and recognitions.
Study: Shoplifting Increased 93 Percent Since 2019; Violence Jumped 84 Percent Since 2022
According to the study, retailers surveyed experienced an average of 177 shoplifting incidents per day in 2023; however, that number can reach over 1,000 depending on the retail sector.
Report: U.S. November Online Sales Up 9.8 Percent; SG Segment Down 1.4 Percent
November’s Core Retail Sales – as defined by NRF — based on the Census data but excluding automobile dealers, gasoline stations and restaurants — were up 0.4 percent seasonally-adjusted m/m and up 3.8 percent unadjusted y/y.
Report: Resale Spending Trend Outpacing Traditional Retail
The findings collected by Consumer Edge show resale spending outpaced traditional retail in 2024, driven by budget-conscious consumers and an increased focus on sustainability amid an uncertain economic environment.
Helen of Troy Completes Acquisition of Olive & June
The parent of Osprey and Hydro Flask intends to update its outlook for fiscal 2025 to include the incremental impact of Olive & June in conjunction with the third quarter earnings release on January 9, 2025.
Report: Over 157M Consumers Plan to Shop on Super Saturday, with Almost Half Online
The NRF suggests that with only four days between Super Saturday and December 25, shoppers will likely embrace multiple channels as they wrap up their holiday shopping; however, e-commerce appears to be the top destination with 49 percent of respondents going online.
Rusty Saunders Passes Away After 60 Years in SG Industry
Rusty Saunders had a successful 60-plus-year career in the sporting goods industry, having worked in retail, manufacturing and sales. He was inducted into the NSGA Hall of Fame in 2013. Saunders passed away on December 8 at age 88.
Costco Says Consumer is Healthy as it Reports 7.5 Percent Q1 Sales Growth
The commentary surrounding the fiscal 2025 first quarter results for Costco Wholesale Corporation ranged from “mixed” to “beats” to “strong” on Thursday, December 12 after the retail warehouse giant posted its operating results for the twelve weeks ended November 24.
Nordstrom to Open New Rack Store in Lubbock, TX
The 30,000-square-foot store will be located in West End Center, which includes Costco, Nike Factory Outlet, Bass Pro Shops, World Market, and Marshalls/HomeGoods, among others. Graco Real Estate Development owns and manages the West End Center in Lubbock, TX.
Cocona Labs Finalizes India WFOE
The manufacturer of temperature-regulating 37.5 technology, reported that the company finalized the incorporation of a wholly foreign-owned enterprise (WFOE) in Gurugram, Haryana, India.
