SGB Update Footwear
Nike’s Q1 Tops Wall Street Targets
Nike, Inc. reported sales grew 4 percent on a reported basis and 10 percent on a currency-neutral basis in the first quarter ending August 31.
Toms Hires COO And CFO
Dorothy Sadd was hired as Tom’s global COO and CFO. Most recently, Sadd was CFO and COO at omnichannel fashion brand Unique Vintage.
Amazon Increases Wages For Warehouse And Delivery Workers
Amazon said it would invest $1 billion over the next year to increase the salaries of its “frontline workers” and introduce a perk that gives them access to a portion of their paycheck before payday.
Vans Hires Global Chief Product And Merchandising Officer
Vans hired Marissa Pardini, vice president and general manager of The North Face Americas region, as chief product and merchandising officer for global Vans.
Dunham’s Expands Into Arkansas With First Retail Store
Dunham’s Sports continues to move forward with its accelerated growth strategy.
Macy’s Launches Digital Marketplace
Macy’s announced it launched its digital marketplace on macys.com. The site enables third-party sellers to integrate their products into Macy’s e-commerce structure, with seller tools to monitor, drive and grow their business through Macy’s.
VF Corp. Introduces Fiscal Year 2027 Long-Term Strategic Plan
At its 2022 Investor Day in Denver, CO, VF Corp. will introduce its fiscal year 2027 (FY27) long-term strategic growth plan that calls for sales to climb mid- to high-single-digit percent in constant dollars on average over the next five years with faster earnings growth. VF also downwardly revised its FY23 outlook due partly to lower-than-expected current quarter results.
Tracksmith To Open Store In London
Boston-based Tracksmith is opening its first store in London. The running brand has only one store on Newberry Street in Boston.
U.S. Golf Rounds See Third Straight Positive Month In August
Golf Datatech’s National Rounds Played Report for August showed that U.S. rounds were up 3.9 percent in the month but still down 2.6 percent year-to-date year-over-year.
Academy Opens First Store In Lexington
Academy Sports + Outdoors announced opening its first store in Lexington, marking its sixth in Kentucky.
Nike Opens First Store In The Bronx
Nike has opened a store in the North Bronx, its first in the New York City borough. Located at 340 Baychester Avenue, the store is one of the brand’s community-focused Nike Unite concept stores.
Eddie Bauer Appoints CEO
Sparc Group announced that Tim Bantle is joining the company as CEO of Eddie Bauer. Most recently, Bantle was GM of VF Canada, leading the company’s local outdoor and action sports platform. Before VF Canada, Bantle held leadership positions at The North Face, Black Diamond Equipment and Patagonia.
Amazon Adds Second Prime Shopping Event In October
Amazon added a Prime-exclusive two-day shopping event in October. Its “Prime Early Access Sale” is for Amazon Prime members offering Black Friday-like deals from October 11-12.
PGA Tour Superstore Appoints President
PGA Tour Superstore announced that Dick Sullivan, currently president and chief executive officer for PGA Tour Superstore, has been named executive chairman and CEO while Jill Spiegel, now PGATSS chief merchandising officer, has been promoted to president.
Bass Pro Plans Store For Grand Prairie, TX
Bass Pro Shops announced plans to open a store in Grand Prairie, TX, serving the southern portion of the Dallas metro area. The 100,000-square-foot store, expected to open in the spring of 2024, will be the outdoor retailer’s fifth location in the region and 15th in Texas.
