SGB Update Footwear
The North Face Confirms Cyberattack
The North Face confirmed that its website, thenorthface.com, was impacted by a large-scale “credential stuffing attack” that resulted in the hacking of 194,905 customer accounts.
Import Slowdown Continues As Fed Tries To Rein In Consumer Demand
With inflation continuing and the Federal Reserve hoping to cool demand through higher interest rates, imports at the nation’s major container ports are expected to fall below last year’s levels for the remainder of 2022, according to the monthly Global Port Tracker report released by the National Retail Federation.
Erem Hires Vice President, Operations And Wholesale
Erem, the hiking boot company, recently hired Chris Rischke as vice president of operations and wholesale, effective immediately. Most recently, he was director of operations at Oboz for five years.
Zumiez Q2 Falls Short Of Guidance
Zumiez Inc. reported sales were down 18 percent in the second quarter ended July 30 and fell by the same amount in August. Second-quarter results were well below company guidance. Rick Brooks, CEO, said, “We are disappointed that our recent performance fell short of expectations and we are making adjustments to our merchandise assortments and managing expenses in order to improve near-term results.”
Original Footwear Company Names CEO
Original Footwear Company, the maker of tactical footwear, named Mark Cavanaugh as CEO, succeeding Founder Kevin Cole, who will remain on its Board of Directors.
Puma’s First Metaverse Experience, Black Station, Debuts At New York Fashion Week
Puma’s first metaverse website experience, called Black Station, featuring exclusive NFTs with limited edition redeemable physical sneakers as part of its ‘Futrograde’ will debut during New York Fashion Week.
Todd Krinsky New CEO Reebok
Authentic Brands Group (ABG) has promoted Todd Krinsky as the new CEO of Reebok after acquiring the brand earlier this year. Matt O’Toole, who has led Reebok for the past 15 years, will transition to join ABG as executive chair in January 2023.
Target CEO Brian Cornell To Stay Three More Years
Target said Brian Cornell agreed to remain in his role as CEO for an additional three years. With Cornell’s commitment, Target’s Board of Directors eliminated its retirement policy, designed to initiate a discussion regarding the possible retirement of its CEO at the age of 65.
OBIT: Frank’s Sport Shop’s Moe Stein
Moe Stein, president and the iconic face of Frank’s Sport Shop in Bronx, NY, passed away at the age of 93.
Academy Sports Q2 EPS Exceeds Wall Street Targets
Academy Sports reported earnings in the second quarter came in comfortably ahead of Wall Street expectations. Comps declined 6.0 percent against challenging year-ago comparisons but improved sequentially versus the first quarter. The sporting goods chain reiterated its 2022 full-year net and comparable sales guidance.
Big Rock Sports Announces President
Big Rock Sports, LLC and parent company Peak Global Holdings, hired David McCartney as president of Big Rock Sports.
Puma IT Executive Joins Jesta I.S.
Jesta I.S., Inc., a developer of modular cloud solutions and ERP for retailers and brand manufacturers, hired Jon Vacca, its chief operating officer.
Report: Kohl’s Gets Bid For Real Estate
Private equity firm Oak Street Real Estate Capital, LLC has reportedly offered to acquire as much as $2 billion in property from Kohl’s Corp.
Pou Sheng Appoints New Chairman
Pou Sheng International, Ltd. said Lee Shao-Wu has resigned from the company, including as chairman and executive director. Yu Huan-Chang, its current CFO, replaced him.
Sportsman’s Warehouse’s Q2 Comps Drop 9.4 Percent
Sportsman’s Warehouse Holdings Inc. reported earnings declined 22.5 percent on an adjusted basis in the second quarter as sales retreated 9.4 percent. Results exceeded the high end of guidance.
