SGB Update Footwear
Cotopaxi Opens Store on Boston’s Newbury Street
Located in the heart of Newbury Street, the store was originally a 19th-century schoolhouse before retail.
Arc’teryx to Feature First ReGear Showroom in New Brand Store in NYC
The flagship store will sell new and pre-owned Arc’teryx apparel and gear, with one floor dedicated to its ReBird Service Center, offering product care and repair services.
Shoe Carnival Raises Guidance on Strong Back-to-School Results
Sales accelerated during the peak back-to-school season and continued through the month of August. The company achieved low-single digit comparable store sales growth for Fiscal August 2024, driven by growth of the Children’s and Athletics categories.
Macy’s, Inc. Announces Debt Tender Offer
Macy’s Retail Holdings, LLC, has commenced a cash tender offer to purchase up to an aggregate principal amount of certain of its outstanding notes for a combined aggregate purchase price of up to $220 million.
Buckle Sees August Comps Inch Up
Buckle, Inc. reported August comparable store net sales for the 4-week period ended August 31 inched up 1.7 percent from comparable store net sales for the year-ago August period.
Fossil Group Snags Franco Fogliato as CEO and Board Member
New CEO Franco Fogliato most recently served as president and CEO of Salomon. Before that, he spent eight years working at Columbia Sportswear as CEO of Europe and at Billabong Group and held executive roles at The North Face earlier in his career.
Currex and Powerstep Parent Acquired by Private Investment Firm
Bansk Group has acquired Foundation Wellness, the parent company of the Powerstep, Currex, Foot Petals, Flat Socks, Doctor Hoys, and other branded footcare-focused product companies from Gridiron Capital.
SFIA Appoints New President and CEO as Tom Cove Retires
Todd Smith becomes president and CEO effective October 1. He succeeds Cove, who announced his retirement as president and CEO in early 2024 after leading the organization since 2005.
Allbirds, Inc. Will Execute 1-for-20 Reverse Stock Split Today
The Reverse Stock Split is expected to become effective at 5 p.m. EDT today, September 4, 2024, and the company’s Class A Common Stock is expected to begin trading on a post-split basis at the market open on September 5, 2024.
Dick’s Sporting Goods Lifts Full-Year Guidance After Strong Q2 Results
Comparable store sales growth came in at 4.5 percent y/y, on top of the 2.0 percent y/y comp store sales growth in the year-ago Q2 period. Six-month year-to-date comps were up 4.9 percent y/y through August 3.
Report: Textile Mills Lead List of Declining Manufacturing Operations in August
The U.S. manufacturing sector’s economic activity contracted in August for the fifth consecutive month and the 21st time in the last 22 months as demand continued to be weak, output declined and inputs stayed accommodative.
AAFES to Offer Outdoor Gear from Bass Pro Shops on Exchange Website
Bass Pro Shops signed an agreement with the Army & Air Force Exchange Service and the DOD’s largest retailer to bring a selection of Bass Pro fishing, hunting and camping gear as well as apparel to the military’s ShopMyExchange.com.
REI Co-op Expands Cameron Janes Role in COO Promotion
In his expanded role, Janes’s responsibilities include fulfillment and logistics and leading REI’s experiences division, which provides adventure travel, day tours, and classes.
Barclays Names New Global Head of Retail within Investment Banking
Cathy Leonhardt has been appointed global head of Retail within Investment Banking. She is based in New York, reporting to Lowell Strug, global head of the Consumer and Retail Grou
Tara McRae Returns to Puma as Head of NA Brand Strategy and Marketing
Following a decade of marketing leadership roles at Puma, Clarks and TB12, McRae takes on a new leadership role, spearheading Puma’s North America brand strategy and marketing.
