SGB Update Footwear
Gymshark Opens Second UK Store, Eyes U.S. Expansion
Gymshark Stratford, Westfield store, follows the successful opening of its debut flagship, which opened on London’s Regent Street in 2022. Founder and chief executive, Ben Francis, has his site’s set on U.S. growth with plans to open a New York City pop-up in the next 12 to 18 months.
NRF: Consumers Just Getting Started on Planned BTS Purchases
The NRF noted in its report that while shopping is well underway, most (86 percent) consumers still have at least half of their purchases left to make.
Big Peach Running Co. Partners with Runners Fit on New Franchise Store
The store will remain open while a new sign is installed and other changes are made to convert the store’s branding to Big Peach, with the final conversion steps slated for late July.
Macy’s Terminates Arkhouse and Brigade Buyout Talks Over Financing Uncertainty
The Macy’s Board of America intends for the management team to return its full focus to enhancing shareholder value through the execution of the company’s “A Bold New Chapter” strategy.
Rally House Opens Another Store in Pennsylvania; Fourth in Wisconsin
Rally House opened another store in Pennsylvania with Rally House Grove City Premium Outlets. On July 12, the company opened Rally House Southridge Mall in Greendale, WI increasing its store count in the state to four.
Bass Pro Shops to Open Outpost in Tyler, TX in Early 2025
The retail site is expected to open in the first half of 2025. Upon completion of the Tyler store, Bass Pro Shops will have 18 stores in Texas and employ roughly 100 “outfitters”.
CNBC/NRF Retail Monitor Sees Biggest YoY Retail Sales Jump Since Fall 2023
Retail sales showed moderate growth in June and posted the biggest year-over-over year increase in nearly a year amid a still-solid economy and near-zero inflation for retail goods.
Deckers Brands Will Execute a Six-for-One Forward Stock Split
The parent company of Hoka, Ugg, Teva, Sanuk, Koolaburra, and Ahnu said its Board approved a six-for-one forward stock split and a proportionate increase in the number of authorized shares of common stock and preferred stock to accommodate the stock split.
Birkenstock Names Managing Director for SE Asia and ANZ Region
Evelyn Chua was appointed managing director for the region covering Singapore, Malaysia, Indonesia, Philippines, Thailand, Vietnam, Australia, and New Zealand, effective July 1.
The Buckle Posts Another Comp Store Sales Decline in June
The 5.7 percent decline for the 5-week fiscal June period comes on top of a 2.4 percent comp sales decline in the 2023 June period. Net sales for the month decreased 5.8 percent year-over-year to $101.7 million.
Dream Pairs Expands Retail Footprint, Opens Store in Bergen Town Center
In addition to opening its second retail store, Dream Pairs also maintains a robust presence across online platforms and retail channels, including Amazon, Walmart, Shein, Nordstrom, TikTok Shop, and its corporate website.
Report: Revising Expectations for the Back-to-School Season
Retailers gearing up for back-to-school (BTS) season may have one less week to prepare and plan for the expected surge in families shopping for new sneakers and other footwear this year due to the shift in the retail calendar.
REI’s Chris Speyer to Join MEC as New Chief Merchandising Officer
Speyer, who has worked as REI Co-op’s CMO for the last seven years, reportedly brings over thirty years of leadership experience in the specialty outdoor retail, wholesale, and direct-to-consumer businesses.
EXEC: Rossignol Reopens Paris St–Germain Store
Joining a host of other brands freshening or expanding their Paris retail presence for the Summer Olympics, The Rossignol Group has reopened its Paris St–Germain store following a complete renovation.
REI Co-op Appoints SVP, Chief Technology Officer
Guillaume Ledieu succeeds Dan Shull, who will depart REI on July 12 for a new opportunity. Guillaume joined the co-op in 2023 as VP of foundation technology and has already had an incredible impact in his short time working for the company.
