NRF/University Of Florida Survey: Retail ‘Shrink’ Decreased In 2017
Thefts, fraud and losses from other retail “shrink” decreased to $46.8 billion in 2017 from $48.9 billion the year before as shoplifting and organized retail crime continued to be the leading causes, according to the annual National Retail Security Survey released Wednesday by the National Retail Federation and the University of Florida.
Russell Athletic Partners With Augusta Sportswear
Russell Athletic and Augusta Sportswear have announced a strategic partnership to bring Russell Athletic uniforms back to the team sports channel. With this partnership, Augusta Sportswear becomes the official team sports partner of Russell Athletic and will exclusively manufacture, market and sell team uniforms and other team-specific products.
Clarus Extends Tender Offer
Clarus Corporation announced today that the company is extending the expiration time of the company’s previously announced tender offer.
Spy Partners With Locally
Through a technology platform powered by Locally, Spy now delivers an online-to-offline shopping experience that showcases immediate local availability on the same page as the products being viewed.
Fitbit’s CFO Departs
Fitbit Inc. announced that chief financial officer William R. Zerella will depart the company, effective June 15. The company has promoted Ronald W. Kisling, currently serving as chief accounting officer, to the role of CFO.
Crocs Appoints Bill Gray To Board Of Directors
Crocs Inc. announced that Bill Gray has been appointed to the company’s board of directors. Gray has served as a senior advisor to Blackstone’s Private Equity Group since 2010.
Deckers Brands Appoints Two New Independent Directors
Deckers Brands announced the appointment of Brian A. Spaly and Cindy L. Davis to the company’s board of directors. Coinciding with these appointments, Deckers also announced that Karyn O. Barsa has resigned from the Board.
Jon Sinko Joins Element from Adidas
Element announced the addition of Jon Sinko to the company as VP, global merchandising and design, overseeing the brand’s product function globally.
Duluth Holdings Beats On Income, Misses On Revenue
Duluth Holdings Inc. reported first-quarter net income that beat analysts’ estimates and revenue that fell short. The apparel and accessories company posted a net loss of $0.7 million, or 2 cents per diluted share, compared to net income of $0.4 million, or 1 cent per diluted share in the prior year-first quarter. Analysts expected a loss of 5 cents per share.
Adidas Sees Record World Cup Jersey Revenues
In an interview with Bloomberg, Adidas CEO Kasper Rorsted predicted that unit sales of jerseys at this year’s World Cup will exceed the 8 million Adidas sold in 2014.
Gracedbygrit Acquired By Hylete
Gracedbygrit has been acquired by Hylete. Both are digitally-native women’s athletic apparel brands.
Montane Expands U.S. Sales Force In Key Markets
Neskowin Outdoor Inc., the North American brand management and distribution firm for Montane, a leading U.K.- based technical apparel brand, announced the expansion of the brand’s North America sales presence.
Shoe Carnival Supports Local Schools With Philadelphia-Based Donation Program
Shoe Carnival Inc. will donate 10 percent of total purchases back to shoppers’ school of choice in the Philadelphia and surrounding areas.
Modell’s Partners With the Prostate Cancer Foundation
Modell’s Sporting Goods will be joining forces with the Prostate Cancer Foundation (PCF) to raise money to advance prostate cancer research in recognition of Men’s Health Month in June.
Flip Flop Shops Acquired By Bearpaw Parent
The parent company to the footwear brand Bearpaw purchased the global “Flip Flop Shops” franchise retail chain from Cherokee Global Brands.
