SGB Update Apparel
NRF Praises House Passage Of Ocean Shipping Reform Act
The National Retail Federation issued a statement applauding the House’s approval of the Ocean Shipping Reform Act of 2022.
Mastercard SpendingPulse Forecasts 7.5 Percent Growth For U.S. Back-To-School Sales
Mastercard SpendingPulse forecasted that U.S. retail sales would grow 7.5 percent year-over-year from mid-July through the Labor Day back-to-school buying period. It anticipates that sales will be up 18.3 percent compared to the pre-pandemic 2019 selling season, with department stores a noteworthy winner as the retail sector continues its recent rebound.
Academy Sports To Open Two Stores In Tampa Bay
Academy Sports and Outdoors, Inc. announced that it would open its first two locations in Tampa Bay, FL.
Zalando Acquires Highsnobiety
German fashion and beauty e-tailer Zalando is acquiring a majority stake in Highsnobiety, the streetwear news and e-commerce site.
Oberalp Group Makes Hires And Promotions
The Oberalp Group, which owns Salewa, Dynafit, Pomoca, Wild Country and Evolv, has hired Phil Hoffman as sales manager, appointed Mike Sohasky as key account sales manager, and promoted Steve Goddard, Michael Casarrubia, and Eric Poore to new roles within the company.
Adidas Sues Nike Over Allegedly Infringing Apps And Shoe-Fitting Technology
Adidas AG filed a lawsuit against Nike, Inc. for allegedly infringing on its patents with its mobile applications and shoe-fitting technology.
Hibbett Announces Changes To Board
Hibbett, Inc. announced the resignation of Jamere Jackson, effective June 9, 2022 and the appointment of Pamela Edwards to its Board of Directors, effective June 10, 2022.
Emerald Plans Outdoor Adventure X Show
Emerald Expositions, the parent of the Outdoor Retailer show, will debut The Outdoor Adventure X show next June at the Snowbasin Resort in Huntsville, UT.
RYU Apparel Q1 Sales Climb 75 Percent
RYU Apparel, Inc. reported revenues reached Canadian C$347,938 (U.S. C$270,647) in the first quarter ending March 31, up from C$198,825 during the same period last year.
REI Domestic Trip Offerings Experience Robust Growth
REI Co-op announced that its adventure trips have expanded to include domestic multiday excursions, guided day tours, rentals, and adventure center locations, and its experience offerings grew more than 60 percent in the last 12 months.
Culture Kings U.S. Appoints President
A.K.A. Brands Holding Corp. announced the appointment of Jonathan Yuska as president of its Culture Kings’ U.S. division, reporting to Simon Beard, CEO and co-founder, to its expansion in the United States.
Foot Locker’s CFO Joins Kontoor Brands Board
The Board of Directors of Kontoor Brands, Inc., the parent of Wrangler and Lee, appointed Andrew Page, EVP and CFO of Foot Locker, Inc., as a director.
Columbia Sportswear Appoints SVP, Omni Planning And Fulfillment
Columbia Sportswear Company announced the appointment of Francois Guillon as senior vice president, omni planning and fulfillment.
Rising Racquet Prices Help Tennis Sustain Momentum
Total wholesale racquet unit sales into the US market* grew by over 11 percent in the first three months of the year compared to Q1 2021, according to a report from Sports Marketing Surveys. This marks the largest Q1 total since 2010.
Aqualung Group Appoints Chairman
Aqualung Group, the manufacturer of dive and water sports gear, said Bruno Cercley will take over as chairman of its supervisory board, effective July 1. Cercley guided the turnaround of Rossignol as its CEO from 2008 until his retirement in 2021.
