SGB Update Apparel
Play It Again Sports Parent Sees Flat Q2 on Planned Decline in Leasing Revenue
The company recently made the decision to no longer solicit new leasing customers and pursue an orderly run-off of its middle-market leasing portfolio. Resulting leasing revenue was halved year-over-year.
Authentic Partners with Velocity Global Brands for Lucky Brand Workwear
Through the agreement, Velocity will design, manufacture and distribute men’s and women’s workwear across the U.S. and Canada for the denim and lifestyle brand.
Ralph Lauren Issues Statement Relating to Recent Indonesia Media Reports
The company said it does not directly operate any stores in Indonesia, nor has it authorized or entered into an agreement with any partner or distributor to operate any “Polo Ralph Lauren” or other “Ralph Lauren” branded stores in Indonesia.
U.S. Census Bureau Reports 1.3 Percent YoY Growth for June Core Retail Sales
June’s core retail sales as defined by NRF, based on the Census data but excluding automobile dealers, gas stations and restaurants, were up 0.9 percent seasonally-adjusted MoM and up 1.3 percent unadjusted YoY.
Deloitte Sees BTS Spending Flattening Amid Financial Concerns
Ongoing perceptions of inflation and a cost-of-living squeeze will keep spending steady from last year as K-12 parents weigh prices and priorities in preparation for the new school year as they budget for necessities and make room for a few indulgences.
Rally House Opens in Lakewood, CO
The Lakewood location is the company’s third storefront in the state after opening Rally House Outlets at Castle Rock and Rally House Alcove on Arapahoe at the beginning of June.
Sportsman’s Warehouse Appoints SVP of Marketing, E-commerce & Loyalty
Susan Sanderson is responsible for the company’s digital and traditional marketing, e-commerce, brand strategy, omni-channel experience, and loyalty programs.
Gymshark Opens Second UK Store, Eyes U.S. Expansion
Gymshark Stratford, Westfield store, follows the successful opening of its debut flagship, which opened on London’s Regent Street in 2022. Founder and chief executive, Ben Francis, has his site’s set on U.S. growth with plans to open a New York City pop-up in the next 12 to 18 months.
NRF: Consumers Just Getting Started on Planned BTS Purchases
The NRF noted in its report that while shopping is well underway, most (86 percent) consumers still have at least half of their purchases left to make.
Big Peach Running Co. Partners with Runners Fit on New Franchise Store
The store will remain open while a new sign is installed and other changes are made to convert the store’s branding to Big Peach, with the final conversion steps slated for late July.
Macy’s Terminates Arkhouse and Brigade Buyout Talks Over Financing Uncertainty
The Macy’s Board of America intends for the management team to return its full focus to enhancing shareholder value through the execution of the company’s “A Bold New Chapter” strategy.
Summit Golf Brands Promotes Jack Lessing to President
The manufacturer of high-end golf apparel and sportswear, promoted Jack Lessing to company president, overseeing all revenue channels for each of the company’s brands, including B. Draddy, Zero, Restriction, Zero Restriction, Fairway & Greene, and EP New York, and the functional areas of the business that support them. Lessing has been with the company for the past 11 years.
Rally House Opens Another Store in Pennsylvania; Fourth in Wisconsin
Rally House opened another store in Pennsylvania with Rally House Grove City Premium Outlets. On July 12, the company opened Rally House Southridge Mall in Greendale, WI increasing its store count in the state to four.
Bass Pro Shops to Open Outpost in Tyler, TX in Early 2025
The retail site is expected to open in the first half of 2025. Upon completion of the Tyler store, Bass Pro Shops will have 18 stores in Texas and employ roughly 100 “outfitters”.
CNBC/NRF Retail Monitor Sees Biggest YoY Retail Sales Jump Since Fall 2023
Retail sales showed moderate growth in June and posted the biggest year-over-over year increase in nearly a year amid a still-solid economy and near-zero inflation for retail goods.
