SGB Update Apparel
Gap CEO To Step Down
Gap Inc. announced that president and chief executive officer Sonia Syngal will step down from her position and from the company’s Board, departing the company following a brief transition. The company also announced that Horacio “Haio” Barbeito, formerly at Walmart, will join the Gap Inc. as president and chief executive officer of Old Navy.
Evo Announces New Campus Location In Tahoe
Evo unveiled plans to build a new campus location in Tahoe City, CA. The site is expected to open in 2023.
Coats Acquires Texon International For $237 Million
Coats Group plc has acquired Texon, the manufacturer of structural components and materials for the footwear, accessories and apparel industries.
JD Sports Appoints Chairman
JD Sports named Andrew Higginson, former Chair of supermarkets group Morrisons, as chairperson, replacing Peter Cowgill, ousted in May.
Dunning Golf Appoints VP Of Sales
Dunning Golf appointed Roger Landry as vice president of sales, golf.
U.S. Ports Set Another Record
Imports set another record high this spring as the nation’s major container ports worked to reduce congestion and retailers stocked up before dockworkers’ West Coast labor contract expired, according to the monthly Global Port Tracker report released by the National Retail Federation.
Rally House Opens In Bloomington
Rally House is opening its sixth store in Bloomington, IN at College Mall.
Royal Robbins Expands Marketing Team In Colorado
Royal Robbins hires three marketing executives working from its U.S. headquarters in Louisville, CO—Gareth Martin, Stevie Gluck and Samantha Silverman,
Blackcrows Appoints Global Chief Commercial Officer
Blackcrows, the French freeskiing brand, appointed Wanda Rozwadowska as its global chief commercial officer. She joins Blackcrows after a long career at Nike.
Back-To-School Selling Expected To Reach New Record
According to retail forecasters Customer Growth Partners, back-to-school retail sales will grow 5.5 percent in 2022 to a record $812 billion, up from $769 billion in 2021.
Levi Strauss Tops Wall Street Targets In Q2
Levi Strauss & Co. reported sales for its fiscal second quarter ended May 29 were up 15 percent and gained 20 percent on a constant-currency basis. Sales and earnings topped Wall Street targets, and Levi’s reaffirmed its guidance for the year.
Mastercard Sees June Sales Boosted By Inflation
According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. consumer retail spending, excluding automotive, increased 9.5 percent year-over-year (YOY) in June, while retail sales, excluding auto and gas, rose 6.1 percent YOY.
Authentic Brands Group Settles And Dismisses Lawsuit With Bolt
Bolt, a checkout technology company, announces that Authentic Brands Group has settled and agreed to dismiss its lawsuit against Bolt.
Athleta Announces New Outlet Store Format
Athleta, owned by Gap, Inc., announced it would introduce two outlet stores this year, with a debut at Chicago Premium Outlets in Illinois this summer and Leesburg Premium Outlets in Virginia this fall.
On, Patagonia, Puma, And Salomon Partner With Carbios To Advance Circularity
On, Patagonia, Puma, and Salomon have signed an agreement with Carbios, a French end-of-life plastics recycling company, to develop solutions to enhance the recyclability and circularity of their products.
