SGB Update Footwear
Guess?, Inc. Announces CFO Transition
Dennis Secor has been appointed interim chief financial officer of Guess?, effective August 26, 2024. He succeeds Markus Neubrand, who is stepping down to pursue another opportunity
Adidas America Faces OSHA Penalties for Ongoing Hazards at New York DC
Adidas America, Inc. has 15 business days from the receipt of the citations and penalties to comply, request an informal conference with OSHA’s area director or contest the findings before the independent Occupational Safety and Health Review Commission.
Stance Appoints David Tichiaz as Chief Executive Officer
Stance Co-Founder John Wilson will remain with the company as an advisor. Tichiaz joined Stance in 2023 as president after a 15-year career at Vans.
Do U.S Office Workers Really Have a Strong Preference to Work in the Office?
Approximately three-quarters of respondents (73 percent) said they would not consider going into the office if their commute was longer than 45 minutes roundtrip, but many opinions differed based on career position.
Circana: July Retail Sales Reveal a Summer Vacation From Discretionary Spending
Circana said products are prioritized based on need, and financial concerns and competitive product offerings across all channels test brand loyalty.
Allbirds, Inc. Appoints Ravi Thanawala to Board of Directors
Thanawala spent seven years with Nike, Inc. where he held positions including CFO of Nike North America, Global VP and CFO of the Converse brand and Global VP of Retail Excellence during a time of digital transformation for the business.
Reima Appoints NA Wholesale Marketing Manager
Cotopaxi veteran Drew Eakins is Reima’s new wholesale marketing manager for North America. He will be based at the brand’s North American headquarters in Golden, CO.
U.S. Census Bureau Reports 5.2 Percent Y/Y Growth for July Core Retail Sales
Sporting Goods, Hobby, Musical Instruments, and Bookstore sales were reported down 6.8 percent y/y from July 2023, doubling the 3.4 percent year-over-year decline reported in June, and down 0.1 percent versus June 2024.
NFL and Fanatics to Stage Pop-Up Shops in Brazil Ahead of Season Opener
The Eagles and Packers will open the 2024 NFL season in Brazil on September 6 at the Corinthians Arena in São Paulo. The NFL and Fanatics will open six retail stores in the country before the first regular-season game, including a roughly 10,700-square-foot superstore and a retail outlet at the NFL Experience.
Walmart’s Strong Second Quarter Drives Wall Street Indices Higher
Walmart Inc. shares were up in the mid single digits on Thursday morning, Aug. 15 and assisted in driving the stock market up as a whole as analysts heralded strong retail numbers.
Dillard’s Q2 EPS Contracts 42 Percent on Lower Sales, Tighter Margins and Rising Expenses
The department store retailer hit the trifecta as sales and margins fell and expenses rose for the fiscal second quarter. The weakest performances came from men’s apparel, accessories and shoes; the best category was cosmetics.
Report: Online Spending Rose in July, but Shifted to Lower Cost Options
Signifyd’s data shows e-commerce sales are still growing, but consumers are relying on discounts and low-cost options as merchants wonder what it means for the coming Holiday shopping season.
VF Corp. and Nike Veteran Goksel Ozturk Passes Away
VF Corporation announced the passing of Goksel Ozturk, the company’s country managing director in Turkey
Puma Appoints Managing Director for Gulf Cooperation Council States
Johan Kuhlo was promoted to managing director of the GCC, starting September 1. He will oversee the UAE, Saudi Arabia, Qatar, Kuwait, and Oman and report to Puma CEO Arne Freundt.
Dick’s Sporting Goods Plans New Distribution Center in Fort Worth, TX
Construction on the facility will begin early this fall with a groundbreaking. The building phase is expected to create more than 800 temporary construction jobs. The facility is expected to open in early 2026.
