SGB Update Footwear
Thorogood Brand Parent Breaks Ground on New Wisconsin Facility
Weinbrenner Shoe Company, Inc., the parent company of the Thorogood brand, is breaking ground on a new state-of-the-art facility in Marshfield, WI.
Puma Appoints Markus Neubrand as CFO
Markus Neubrand replaces current CFO Hubert Hinterseher, who has mutually agreed to step down on September 30, 2024. He will leave the company on December 31, 2024, after successfully transitioning his duties to Neubrand.
Nordstrom to Open New Rack Store in Holbrook, NY
The 27,000-square-foot store will be located in The Shops at SunVet which includes a Starbucks and Whole Foods Market, owned and managed by Regency Centers.
Sqairz Appoints Three New Members to Board
Sqairz welcomed Keith Bank, Bobby Barad Elass to its Board of Directors as the company moves toward becoming a “multi-sport footwear conglomerate.”
Report: Holiday E-Commerce to Grow 8.4 Percent; Cyber Monday May Lag Overall Gains
Cyber Week, the five-day period including Thanksgiving, Black Friday and Cyber Monday, is expected to drive $40.6 billion in online spend this year, up 7.0 percent y/y and representing 16.9 percent of the overall Holiday selling season.
L.L.Bean Adds Von Maur Department Store as Wholesale Partner
Starting this fall, the company’s stores and online channels will begin offering the latest assortment of L.L.Bean favorites for men, women and kids, including select outerwear, clothing, footwear and accessories.
Gearhead Outfitters Converts Pinnacle Location to Patagonia Concept Shop
The retailer said the store will be exclusively focused on offering an expanded line of Patagonia products, along with other premium brands such as On, Hoka, Birkenstock, Altra, Danner, and Smartwool, curated to complement Patagonia’s offerings.
Dunlop Protective Footwear Gets New Majority Owner
The EQT Mid Market Europe fund has reportedly agreed to sell its majority stake in Dunlop Protective Footwear to Gilde Equity Management (GEM). Financial details of the transaction have not been disclosed.
Macy’s to Hire Over 31,500 Seasonal Workers for the Holiday Shopping Season
The retailer will hold four nationwide in-person hiring events at Macy’s, Bloomingdale’s, Bluemercury stores and distribution centers.
Target Names Chief Financial Officer
During his career, Jim Lee has led global teams in various business development and finance functions across North America, Europe and Asia, including as CFO for several of PepsiCo’s international regions.
Macy’s Names Senior VP, Creative and Production
Jason Holzman brings a wealth of experience to his new role at Macy’s. Before his nearly seventeen-year tenure at NBCUniversal, Holzman served as creative director at Euro RSCG. He also held creative roles at BBDO and Ammirati & Puris and, recently, co-authored a graphic novel to be published by the publishing house, Humanoids.
New Backcountry Owner Taps Schottenstein Affiliates for $112M Financing Support
Schottenstein affiliates Second Avenue Capital Partners, SB360 Capital Partners and Ares Commercial Finance have closed on a $112 million Senior Secured Revolving Credit Facility and Term Loan for Backcountry.
Report: Strong Mall Traffic in August Reflects Strong BTS Season
Research and data analytics firm Placer.ai said that malls ended summer with a bang. College students and families with children were overrepresented among end-of-summer mall hoppers – though not for all mall types, the company suggested.
The Athlete’s Foot Opens HQ, Flagship and Community Center in Atlanta
TNF held a grand opening this week of its new corporate headquarters, flagship store and community center in Midtown Atlanta, and partnered with Black-owned businesses in its development.
Report: Companies are Lowering the Talent Bar and Modifying Job Requirements
Companies are challenged to find both best-fit outside candidates and identify and cultivate existing talent,” Betterworks observed in the survey summary report.
