SGB Update Footwear
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.
Nordstrom Plans to Open Four New Locations in North Carolina by Spring 2025
In addition to a planned 25,000-square-foot Nordstrom Rack store in Morrisville, NC, the retailer will also open three stores in Mooresville, Raleigh and Matthews, NC this fall and next spring.
Black Diamond to Launch Partner-Run Mountain Shop with Wilderness Exchange
Wilderness Exchange, a purveyor of specialty outdoor gear and clothing for 25 years in downtown Denver, will launch the first partner-run mountain shop in North America with Black Diamond.
On Holding Sees Q2 Profits Surge on Continued Sales Growth Across Regions, Categories
Total net sales amounted to CHF 567.7 million in Q2 2024, an increase of 27.8 percent year-over-year and 29.4 percent growth on a constant-currency basis. Net income margin increased to 5.4 percent of net sales in Q2 from 0.7 percent in Q2 2023.
Scott USA Appoints Chief Marketing Officer
Matt Heitmann, who has held leadership roles at Signa Sports United, BMC, Canyon Bicycles, USA Cycling, and Backcountry, brings over 25 years of experience in business management, brand strategy, digital and growth marketing, customer service, e-commerce, and business operations, to the role.
CNBC/NRF Retail Monitor Reveals Lower Growth in July Core Retail Sales Trend
July’s increase of 1.7 percent was half the June trend, which showed a 3.4 percent increase y/y. Sporting goods, hobbies, music, and bookstores were up just 1.1 percent y/y, while clothing and accessory stores fell 4.8 percent.
