SGB Update Footwear
G/Fore Arrives in the Big Apple
The pop-up retail space at 536 Madison Avenue is said to be consistent with the company’s locations in Scottsdale, AZ and Palm Beach, FL.
Oros Labs Secures $22M in Series B Funding
The thermal solutions company serves an array of dual-use applications. The funding round was led by Airbus Ventures.
Puma to Open Puma Studio in Los Angeles in Early 2025
Puma Studio, when complete, will be a creative space that brings the brand’s design and marketing teams closer to the most influential communities and celebrities to inspire products and campaigns for the strategically important U.S. market.
March Manufacturing PMI at 50.3 Percent; Textile Mills Lead Sector with Growth
A Manufacturing PMI above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.
Authentic Brands Group Appoints Head of Australia and New Zealand
The company appointed Lim Mi-Kyoung as SVP, head of Australia and New Zealand, reportedly overseeing its regional expansion, focused on brand development and driving long-term growth.
Astral Taps Bluewater Trading to Rep the Midwest Region
Bluewater Trading covers Minnesota, Iowa, Wisconsin, Illinois, Missouri, Kansas, Nebraska, the Dakotas, and the Upper Peninsula of Michigan.
Report: 2023 Resale Grew 15X Faster than Retail
A new study found that 60 percent of consumers shop for secondhand apparel, giving them more for their money, while 55 percent said they would spend more on secondhand clothing if the economy does not improve.
Lands’ End Posts Wider Net Loss in Fiscal 2023 on Impairment Charges, Lower Sales
Fiscal fourth quarter revenues declined 2.8 percent to $514.9 million for the three-month period ended February 2. Global e-commerce net revenue was $1.0 billion, a decrease of 7.1 percent, due in part to Lands’ End Japan closure. U.S. e-commerce net revenue decreased 2.7 percent.
Pure Hockey to Open Store in Laguna Hills, CA
This will be the retailer’s fourth store in California, which also has locations in Anaheim, San Jose and San Marcos.
Vista Outdoor Confirms Receipt of Revised Indication of Interest from MNC Capital
Vista Outdoor’s Board still needs to determine the revised MNC Indication within the framework contemplated by the existing merger agreement with Czechoslovak Group a.s.
Academy Sports + Outdoors Begins 2024 Store Expansion in Raleigh and Indy
The full-line sporting goods and outdoor recreation retailer will open 15 to 17 new stores in its fiscal 2024 year, starting with two new stores in the first quarter in Knightdale, NC and Greenwood, IN.
Nike Names Minimalist Designer Tim Hamilton as Global VP of Design
Hamilton brings over 26 years of design experience to the role including working on large-scale collabs, and has reportedly built a reputation in the industry for “technical craftsmanship and modern minimalism while reflecting subtle shifts in youth culture.”
Capstone Partners Releases Annual Consumer M&A Report
Personal consumption spending on services increased 7.4 percent YoY, over double the growth experienced by goods spending, the widest differential of services spending growth versus goods spending growth since 2009.
The Buckle Sees Chief Merchant for Women’s Business Depart Company
Kelli Molczyk stepped down as SVP of women’s merchandising and left the company to pursue other opportunities, effective immediately.
Topgolf Callaway Completes Debt Repricing
The company said it lowered its annual interest expense while maintaining the financial flexibility and liquidity needed to fund the continued growth of the business.
