SGB Update Footwear
Decathlon’s ‘A-2’ Short-Term Rating Affirmed On Strong Operating Performance
S&P Global Ratings affirmed Decathlon’s ‘A-2’ short-term credit rating on strong operating performance. S&P said consistent outperformance in 2021 and the first half of 2022 had positioned Decathlon favorably as market headwinds arise.
JD Sports CFO To Step Down Next Year
JD Sports Fashion said Chief Financial Officer Neil Greenhalgh will step down in 2023, after four years in the position.
Sportsman’s Warehouse Opens Three Stores
Sportsman’s Warehouse Holdings, Inc. recently opened new stores in Seminole, FL; Eastgate, OH; and Santee, CA. The company said it also expects to open two new stores in Montrose, CO and Jacksonville, FL before the end of 2022 and the start of the 2022 holiday shopping season.
Rocky Brands Announces Leadership Promotion
Rocky Brands, Inc. announced that its CFO, Tom Robertson, was promoted to the newly-created chief operating officer position responsible for overseeing business operations. The company also announced today that David Dixon, president of Manufacturing and Sourcing Operations, resigned from his position effective immediately.
Kohl’s Urged By Activist Investor To Reorganize Board
Activist investor group Macellum Advisors is once again pushing for board seats at Kohl’s Corp and the ouster of its chairman, according to a letter from the hedge fund to the shareholders on Thursday.
Bass Pro Expanding Sunset Hills Store
The pending Bass Pro Shops location in Sunset Hills, MO will add 17,500 square feet onto its original 75,000-square-foot layout.
Wilson Sporting Goods Names Global GM, Rac Sports
Wilson Sporting Goods Co. promoted Jason Collins, senior director, global product, to global general manager, Racquet Sports, effective immediately.
VF Names Global President, Dickies
VF Corp. promoted Lance Meller to global brand president, Dickies. The company announced the hire during its recent Investor Day meeting.
Sherwood Hockey Hires First Fashion Stylist
Sherwood Hockey, the Canadian manufacturer of ice hockey equipment, announced it hired Kesha McLeod as style director.
Yue Yuen’s Sales Expand 37 Percent In September
Yue Yuen reported sales grew 37.4 percent in September and are now up 8.2 percent in the first nine months of the year.
Nike Adds New Restrictions For Resellers
Nike has added new terms and conditions to prevent resellers from purchasing footwear and reselling it on the secondary market to monitor sneaker-buying bots.
CFDA Elects New Chairman
The Council of Fashion Designers of America (CFDA) announced that Thom Browne will become its new chairman, effective January 1, 2023. The CFDA Board of Directors unanimously elected the designer to the role for a two-year term.
Nike Once Again Tops Piper Sandler’s Teen Survey
Nike remains the No. 1 brand for teens in apparel (31 percent) and footwear (60 percent ), according to Piper Sandler’s 44th Semi-Annual Generation Z survey. Lululemon, Converse, Crocs, and Hey Dude also gained traction.
President & CEO Of JLL’s Americas Retail Business To Retire
JLL announced that Greg Maloney is retiring effective December 31, 2022. Kristin Mueller, a longtime partner and the current COO of JLL’s Property Management, will replace Maloney as president of the company’s Retail Property Management business.
Adobe Predicts Modest Online Gain In Holiday Sales
Adobe expects U.S. online holiday sales to reach $209.7 billion from November 1 to December 31, representing a 2.5 percent growth year-over-year. During the 2021 holiday shopping season, $204.5 billion was spent online, growing 8.6 percent YoY, with consumers uncertain about returning to physical stores due to lingering pandemic concerns.
