TikTok Shop Officially Launches in the U.S.
TikTok officially launched its e-commerce product, TikTok Shop, in the U.S. following a test since last November.
The Rossignol Group Names VP Direct-to-Consumer
Daniele Milani joins the Group to continue “accelerating the growth of its DTC business, aiming at progressing from “10 percent to more than 15 percent of revenues by 2026.”
Academy Sports Opens First Store in Brenham, TX
Academy Sports + Outdoors announced it opened its first store in Brenham, TX, with a grand opening planned from September 15-17.
Windham Weaponry Shutting Down
Windham Weaponry, the firearms manufacturer based in Windham, ME, announced it is closing its doors due to financial challenges.
Pelican Products Appoints James Curleigh as CEO
The maker of protective cases, coolers, outdoor accessories, and temperature-controlled packaging, appointed James Curleigh as CEO. The outdoor industry veteran was, most recently, CEO of Gibson Guitars.
Camping World Adding Another Indiana RV Dealership to Portfolio
The company is acquiring Edmundson RV in Edinburgh, IN, and the company’s first exclusive Forest River location in the state.
Zanders Sporting Goods Appoints President/COO and Director of Procurement
Zanders Sporting Goods promoted Dan Siegler to president and chief operating officer and Luke Poston to director of procurement.
Crocs Assigned BB Rating for New Term Loan
S&P Global Ratings today assigned its ‘BB’ issue-level rating to Crocs Inc.’s new $1.18 billion term loan due 2029.
Caleres Names First Chief Design & Product Officer
The company promoted Natelle Baddeley to the role with creative oversight for the majority of the Caleres brand portfolio, including Naturalizer, Vionic, Dr. Scholl’s, Veronica Beard, Vince, Franco Sarto, Blowfish Malibu and LifeStride.
Macy’s Appoints New CEO of Bloomingdale’s
Macy’s, Inc. named Olivier Bron as its next chief executive officer of Bloomingdale’s. Most recently, he was the CEO of Central Group’s Central and Robinson Department Stores in Thailand and previously COO of French retail group Galeries Lafayette.
Champion to Open Store in Winston-Salem
Champion plans to open a full-price store in Winston-Salem—the first for the brand in North Carolina.
NRF Now Sees 2023 Retail Sales at Low End of Earlier Forecast
The March forecast called for 2023 retail sales to increase between 4 percent and 6 percent over 2022; however, the Fed’s interest rate increases slowed the economy and the NRF believes there is a good chance that sales will end up in the lower range of the forecast, if not lower.
NRF: Import Cargo Volume Could Hit 2 Million TEU Three Months in a Row
Import cargo volume at the nation’s major container ports is expected to hit the 2 million Twenty-Foot Equivalent Unit (TEU) mark for the second consecutive month in September and remain there in October.
Li & Fung’s Debt Outlook Lowered by Moody’s and S&P
Moody’s Investors Service and S&P Global Ratings both lowered their debt ratings outlooks on Li & Fung to negative from stable due to Hong-Kong-based sourcing giant’s deteriorating performance in recent quarters and challenged recovery prospects.
Saucony Names New VP of U.S. Sales
Saucony, a division of Wolverine Worldwide, Inc., appointed Chris Deschenes as vice president of U.S. sales. Most recently, he was the vice president of sales for the company’s Wolverine Kids Group.
