SGB Update Apparel
NRF Appears to Promote Two Monthly Sales Trend Reports with Differing Data
March’s core retail sales as defined by the NRF, based on the census data but excluding auto dealers, gas stations, and restaurants, were up 1.1 percent seasonally adjusted from February and up 3.2 percent unadjusted year-over-year.
Nike E-Com Executive to Lead Sephora’s China Operations
Ding Xia is responsible for turning around Sephora’s ailing business in Mainland China.
Levi Strauss Promotes Lucia Marcuzzo to Managing Director Europe
Levi’s also confirmed the departure of Canadian executive Diana Dimitian, who headed up the Southern Europe region since the end of 2018.
CNBC/NRF: March Retail Sales Grew 2.7 Percent
Total retail sales, excluding automobiles and gasoline, were up 0.36 percent seasonally-adjusted month-over-month and up 2.7 percent unadjusted year-over-year in March, according to the Retail Monitor.
Study: Gen-Z Males Show Greatest Interest in Second-Hand Luxury Fashion
The luxury fashion resale industry is worth nearly $50 billion, with ongoing polling data showing that almost 35 percent of U.S. adults are at least “somewhat likely” to purchase second-hand luxury fashion and/or accessories in the next 30 days.
Gianluca Flore Appointed Chief Commercial Officer for Levi’s Brand
The Burberry veteran will join the company July 29, 2024 and be responsible for the commercial operations of the Levi’s brand across all global channels, including stores, e-commerce and wholesale.
Salomon’s President & CEO Departs
Franco Fogliato, president and CEO of Salomon, is leaving the company for personal reasons. James Zheng, CEO, Amer Sports, will reportedly lead Salomon and the Outdoor Performance division on an interim basis.
Study: Gen-Z Lags Other Demos When Assessing Link Between Exercise and State of Mind
The Asics Corpration study of over 26,000 global respondents found that the more people exercise, the higher their State of Mind scores. Gen Z had the lowest scores, with an average of 62/100 compared to the Baby Boomers’ 68/100 and the Silent Generation’s 70/100.
The Buckle Appoints VP of Women’s Merchandising
Stacey Manary has been employed by The Buckle since September 1995 and, most recently, was the retailer’s director of women’s denim merchandising and operations.
The Buckle Comps Down 9.4 Percent in Fiscal March
Net sales for the 2024 fiscal March period decreased 8.0 percent to $104.3 million from net sales of $113.4 million for the prior-year comparative period.
EXEC: 361 Degrees Posts Strong Double-Digit Q1 Retail Sales Growth
Retail sales performance of the 361° core branded product in offline channels posted high-teens growth compared to the year-ago comparative period, while sales generated via the 361° e-commerce platform increased approximately 20 percent to 25 percent in Q1.
Macy’s Inc. Appoints Two New Board Members as Acquisition Talks Move Forward
Investor Arkhouse Management nominees Ric Clark and Rick Markee have been appointed to the Macy’s Inc. Board of Directors, heading off a broader proxy fight, while Macy’s and Arkhouse move forward with buy-out talks.
HanesBrands Inc. Extends Mass Channel Apparel Partnership with Duke
The partnership renews HanesBrands’ exclusive rights to sell Duke’s fanwear in the mass retail channel for another five years.
NRF: Despite Baltimore Port Shutdown, Import Cargo Expected to Hit 2M Containers
The Baltimore bridge accident will likely shift container imports and exports to New York/New Jersey, Virginia and other surrounding ports until a shipping channel is cleared, perhaps as soon as within a couple of months.
Giordana Cycling Opens Pop-Up Shop in Boulder
The Italian-made cycling apparel brand will showcase bestsellers and the latest new releases in a storefront while participating in local events from April to June, 2024.
