SGB Update Footwear
Compass Diversified Authorizes $50 Million Share Repurchase Program
Compass Diversified Holdings said its Board of Directors authorized the repurchase of up to $50 million of its issued and outstanding common shares.
REI To Open Store In Mount Pleasant
REI Co-op is scheduled to open a store in Mount Pleasant, SC on February 17. Located in Indigo Square at 1720 Shoremeade Road, the store measures 21,500 square feet.
USTA Hires Chief People & Culture Officer
The USTA hired Henry Lescaille as chief people & culture officer, a new position.
Wolverine World Wide’s Debt Ratings Lowered
S&P Global Ratings downgraded the debt ratings on Wolverine World Wide, Inc., citing the footwear company’s weakened operating performance over the past few quarters.
Nike To Close Store In Downtown Seattle
The Nike store in downtown Seattle, WA, first opened in 1996 at Sixth Avenue and Pike Street, is closing on January 19.
C-A-L Ranch Stores To Merge With Coastal Farm & Home
C-A-L Ranch Stores, the farm and ranch retailer with 33 locations across Idaho, Utah, Nevada, and Arizona, entered into a merger agreement with Coastal Farm & Home, a ranch and country lifestyle retailer with 21 locations in the Pacific Northwest.
Anta Sports Makes Big Moves With Senior Management Team
Anta Sports made personnel moves to align the company’s management structure with its strategic direction and to enhance corporate governance.
Salomon And Hoka Top StockX List Of Growth Brands In 2022
StockX released its annual report, Big Facts: Current Culture Index, noting that it surpassed 1.5 million lifetime sellers, 12 million lifetime buyers, and 40 million lifetime trades in 2022.
Tilly’s Chief Merchant To Exit
Tilly’s, Inc. said in a regulatory filing that Robert Goodwin, its SVP and general merchandise manager, plans to resign from his role on January 27 to pursue another opportunity.
Farfetch Sets Leadership Changes
Farfetch reported chief brand officer, Holli Rogers, and chief growth officer, Martin Avetisyan, are leaving the company to pursue other opportunities. The online luxury platform also reported it added three new hires.
Authentic Brands Group Hires CFO
Authentic Brands Group named Jessica Holscott as chief financial officer. She succeeds Kevin Clarke, founding partner, who has taken a new role as executive vice chairman.
NRF: Holiday Sales Climb 5.3 Percent, Just Below Forecast
Retail sales during the November/December 2022 holiday season grew 5.3 percent over 2021 to $936.3 billion, falling short of the National Retail Federation’s (NRF) forecast amid continuing inflation and high-interest rates.
Study: Section 301 Tariffs Hurt American Consumers and U.S. Businesses Most
The American Apparel & Footwear Association, the Footwear Retailers & Distributors of America, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association released a study that calls out the detrimental economic impacts of Section 301 tariffs.
Big 5 Posts Double-Digit Comp Decline in Q4, Guides EPS Lower
Big 5 Sporting Goods Corp. said sales in the fourth quarter ended January 1 came in slightly lower than expectations and the retailer expects earnings for the period to come at or near the low end of its prior guidance range.
NRF Promotes From Within For Foundation Executive Director
The National Retail Federation promoted Adam Lukoskie to executive director of the NRF Foundation. He had been the Foundation’s vice president.
