SGB Update Footwear
Bloomie’s by Bloomingdale’s Set to Open in Seattle, WA
The smaller store concept by Bloomingdale’s, said to provide a “casual, contemporary, and highly curated experience for shoppers,” will be the third Bloomie’s location to open, with the other stores in Fairfax, VA and Skokie, IL.
Signa Sports to Delist Shares, Terminate SEC Reporting; Appoints New CEO
Signa Sports United N.V. reported an acceleration of its strategic realignment and performance enhancement program in light of continuing macroeconomic headwinds, oversupply in the market and the company’s severe liquidity and profitability challenges. In connection with the strategic realignment, the company is delisting its shares from the NYSE and terminating its SEC reporting requirements.
SGB Media Reports Most Read Articles, Key Metrics for September 2023
SGB Media reported its Top 20 most-read articles, and the coverage included many of the usual big brands and a few companies that have been silent of late. The Top 5 included articles about Sportsman’s Warehouse, West Marine, Dick’s Sporting Goods, Amer Sports, and Asics Corp., with Academy, Champion and Nike seeing high readership.
RealReal’s CFO to Step Down
The RealReal announced that Robert Julian will step down as chief financial officer, effective January 31, 2024, or when the company finds his replacement.
SEC Charges Coleman’s Parent Co, Former CEO With Misleading Investors
The SEC on Friday charged Newell Brands and Michael Polk, its former CEO and current CEO of Implus, with misleading investors over financial accounting practices. The company and Polk agreed to a settlement with the SEC.
Dick’s SG To Open Store in Glen Carbon, IL
Dick’s Sporting Goods plans to open a new store at Orchard Town Center in n Glen Carbon, IL, in spring 2025.
Report: Adidas Appoints New Digital Chief
Scott Zalaznik, Adidas’ SVP of digital, is leaving the company, according to a report from Germany’s Manager Magazin. His successor is Tobias Seemann, who joins the company as SVP of global digital and e-commerce in October.
Kohl’s Names Director of Stores
Kohl’s hired retail veteran Fred Hand as senior EVP and director of stores, reporting to President and Chief Operating Officer Dave Alves. Hand will be part of Kohl’s senior executive leadership team and support the company’s strategic focus to drive store sales and productivity.
Outdoor Gear Exchange to Open Second Vermont Store
Outdoor Gear Exchange, which operates one store in Burlington, VT, plans to open a second in Essex Junction, VT.
Nike Misses Revenue Estimates on Weak North America; Profits Beat
Nike, Inc. reported profits slipped 1 percent in the fiscal first quarter ended August 31. Sales grew 2 percent on a currency-neutral basis as double-digit gains in China helped offset a 1 percent decline in North America. Earnings came in well above analyst targets but sales were slightly below.
Salomon Hires President of Salomon Americas
Salomon hired Steve Doolan as president of Salomon Americas, effective October 23, leading the business from its regional headquarters in Ogden, UT.
EXEC: ASOS plc Warns on Fiscal Year Cashflow Issue Due to Timing Effects
The retailer typically receives cash from their sales gross of returns and sales tax immediately. However, the cash outflow from sales tax, returns and variable costs associated with those sales predominantly impacts the following two months. The impact will reverse during September and October.
Pitney Bowes Survey Sees Steady Online Growth This Holiday Season
Pitney Bowes’ BOXpoll survey found that despite conflicting economic indicators, 80 percent of consumers plan to buy online more or the same this coming holiday season as last year.
Lululemon and Peloton Ink Five-Year Strategic Global Partnership
As part of the partnership, Peloton will become the exclusive digital fitness content provider for Lululemon, and Lululemon will become the primary athletic apparel partner to Peloton.
Report: Footwear Sales Decline 3 Percent Through August
Revenue from footwear sales in the U.S. declined 3 percent year-over-year from January through August 2023 (YTD), and units sold also decreased, according to Circana.
