SGB Update Footwear
Li Ning Sees 2021 Revenues Surge 56 Percent
Li Ning reported earnings more than doubled in the year ended December 31 as sales grew 56 percent.
SV Sports Secures New Funding Round
SV Sports, formerly Schuylkill Valley Sports, has completed a new funding round that included participation from Chris Paul, the 12-time NBA All-Star.
L.L.Bean Sees 14 Percent Revenue Gain In 2021
L.L.Bean announced the close to its 2021 fiscal year, with annual net revenue totaling $1.8 billion, with a 14 percent increase over 2020. The performance marked one of the most successful years in its history.
VF Corp. Appoints Kevin Bailey As Global Brand President, Vans
VF Corp. announced that Kevin Bailey was promoted to the position of global brand president, Vans. Bailey will continue reporting to VF’s chairman, president and CEO, Steve Rendle and serve on the company’s executive leadership team.
Allbirds Opens Store In New York’s Flatiron District
Allbirds opened a retail store and community center in New York City’s Flatiron District. It is the brand’s third store in New York and 41st globally, with locations across North America, Asia and Europe.
On Holding’s Sales Jump 54 Percent In Fourth Quarter
On Holding AG reported net sales increased by 53.7 percent in the fourth quarter ended December 31 and by 70.4 percent in fiscal year 2021. The Swiss running brand predicted sales would expand at least 37 percent compared in 2022 with production capacity recently returning to pre-lockdown commitment levels.
Nordstrom Appoints Board Member
Nordstrom announced it had appointed Amie Thuener to its board of directors.
Orvis Hires Vice President, Conservation And Sustainability
Orvis announced it hired outdoor industry veteran Laura Schaffer to the newly created position as vice president, conservation and sustainability
Adobe Summit: U.S. Consumers Spent $1.7 Trillion Online During The Pandemic
At the Adobe Summit, Adobe released new U.S. e-commerce data via its Digital Economy Index* looking at how two years of COVID-19 reshaped the digital economy and its impact on the future.
Neiman Marcus Appoints CFO
Neiman Marcus Group has hired Katie Anderson as executive vice president, chief financial officer, effective April 4, reporting to Geoffroy van Raemdonck, CEO, Neiman Marcus Group.
February Another Record Month At The Port Of Los Angeles
The Port of Los Angeles processed 857,764 Twenty-Foot Equivalent Units (TEUs) in February, a 7.3 percent increase compared to last year. It was the Port’s busiest February in its 115-year history and represents back-to-back record months to begin 2022.
DSW’s Parent Sees 35 Percent Sales Gain In Q4
Designer Brands, Inc., the parent of the DSW chain, reported sales grew 35.0 percent in the fourth quarter and 43.0 percent in the year.
Canada Goose Appoints Board Member
Canada Goose Holdings, Inc. has appointed Belinda Wong, chairman of Starbucks China and executive vice president, Starbucks, to its Board of Directors, effective immediately.
Report: Hudson’s Bay Considering Bid For Kohl’s
Hudson’s Bay Co., the owner of Saks Fifth Avenue, is considering a bid for Kohl’s Corp., according to a report from the Wall Street Journal.
February Retail Sales Rose Strongly Year-Over-Year
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said.
