SGB Update Footwear
Tommy Hilfiger Appoints Nike VP As Chief Merchandising Officer
Tommy Hilfiger appointed Nadia Azria, most recently Nike’s VP, EMEA, One Nike Market Place, as chief merchandising officer, Tommy Hilfiger Global, effective November 1.
Caleres Appoints Senior Vice President And CFO
Caleres announced that Jack Calandra was hired as senior vice president and CFO, effective September 12, 2022.
Saks.com Raises More Capital
Saks.com announced that it has upsized its existing asset-based revolving credit facility arranged by Bank of America, N.A. increasing borrowing capacity from $350 million to $450 million.
REI Employees Vote To Unionize At Berkeley Store
Employees at REI’s Berkeley, CA, location voted to become the chain’s second unionized store. Earlier this year, REI’s store in Manhattan unionized.
Dick’s House of Sport To Open In Upstate New York
Dick’s Sporting Goods plans to open a Dick’s House of Sport location at the Oakdale Mall in Johnson City, NY. The 140,000-square-foot location is expected to be the retailer’s largest.
The British Footwear Association Names New Chair
The British Footwear Association has named Jane Wilson as Board chair, succeeding Robert Perkins, who held the position for more than four years.
Flojos Hires National Sales Manager
Flojos, the manufacturer of sandals, hired Ryan Whitcomb as the national sales manager. Whitcomb has eleven years of sales management experience, most recently with Electric Eyewear.
Outdoor Industry Association Names Interim Executive Director
The Outdoor Industry Association (OIA) Board of Directors named Kent Ebersole as interim executive director during the organization’s search for a permanent executive director, following the resignation of Lise Aangeenbrug earlier this month.
Nike Executive Joins Dutch Bros Board Of Directors
Dutch Bros, Inc. appointed Ann Miller to its Board of Directors. Miller is the executive vice president and chief legal officer of Nike, Inc.
Shoe Carnival’s Q2 Sales Slide 6 Percent
Shoe Carnival Inc. reported second-quarter earnings that were below year-ago levels but well ahead of the pre-pandemic 2019 quarter. Sales were down 6 percent year over year. The off-price shoe chain reiterated its EPS guidance for the year.
Hibbett’s Q2 Misses Analyst Estimates
Hibbett Inc. reported second-quarter results that came in below Wall Street’s targets as the chain was impacted by delayed back-to-school sales and high freight costs. Same-store sales declined 9.2 percent in the quarter. The retailer still maintained its EPS guidance for the year.
361 Degrees Posts 17.6 Percent Growth In Six Months
361 Degrees International Ltd. reported an uptick in profits in the first half as sales grew 17.6 percent to RMB 3,653.8 million ($532 mm). Apparel led the gains.
Anta Sports Sees 13 Percent Growth In Six Months
Hong Kong-based Anta Sports Products Limited reported a slight decline in profits in the six months ended June 30 as lower gross margins offset a 13.8 percent climb in sales. Amer Sports showed a 23.2 percent sales gain.
Urban Outfitters Q2 Finds Growth At Anthropologie and Free People
Urban Outfitters, Inc. reported modest growth in the second quarter as high-single-digit growth at Free People Group and Anthropologie Group offset a decline at the Urban Outfitters chain.
Nordstrom Slashes EPS Outlook As Traffic Slows
Nordstrom, Inc. significantly reduced its EPS guidance for the year due to a decline in customer traffic beginning in late June, mainly at Nordstrom Rack, and expectations that promotions would be required to clear elevated inventories in the second half.
