Madewell Names President
J.Crew Group appointed Adrienne Lazarus as president of its Madewell brand, effective next month. Most recently, Lazarus was the co-CEO of CUUP, a direct-to-consumer intimates brand newly acquired by FullBeauty Brands.
InHome Golf Studio and Simulators Opens Showroom in Miami
InHome Golf Studio and Simulators opened a showroom in Miami, FL. The company also has showrooms in Lyndhurst, NJ, where it is based, and Mississauga, Ontario, Canada.
Tapestry, Inc. Acquires Capri Holdings in $8.5 Million Deal
This acquisition brings together the Coach, Kate Spade, and Stuart Weitzman brands owned by Tapestry with the Versace, Jimmy Choo, and Michael Kors brands owned by Capri.
HatClub Expands Retail to LA Market with Melrose District Store Opening
Located in the heart of the Melrose shopping district, the store opened on August 12, marking the retailers second largest location in the U.S. behind its New York flagship store.
Foundation Outdoor Group Adds to Brand Portfolio with Two Acquisitions
The company has acquired Mud Hole Custom Tackle, Inc. and American Tackle Company International, Inc. The company said the move positions the company as the “industry’s largest supplier of fishing rod components, supplies, equipment, and rod building instruction.”
La Sportiva Acquires Majority Stake in Meet Italia
La Sportiva reported it acquired a majority stake in the Veneto-based company Meet Italia, a manufacturer that produces Made in Italy mountain footwear and with a strategic partner that has been in place for over twenty years.
Asics North America Delivers Seventh Straight Quarter of Double-Digit Online Growth
Asics North America reported positive growth in the second quarter was boosted by double-digit growth in Sportstyle and Core Performance Sports categories across the region and marked by the region’s seventh consecutive quarter of double-digit e-commerce growth.
Canada Goose’s Debt Ratings Upgraded on DTC Focus/China Rebound
S&P Global Ratings raised its credit ratings on Canada Goose as it sees a continued focus on the higher-margin, direct-to-consumer segment and recovering sales in China helping the outerwear maker’s performance going forward.
Rally House Announces Multiple College Town Store Openings
Rally House plans to open a store in Lexington, KY this summer and stores in Merrillville, IN and College Station, TX this fall.
Planet Fitness Upgrades Two Locations
Planet Fitness reported it renovated its Reisterstown in Maryland, which originally opened in November 2011, and Planet Fitness Columbia in Tennessee, which originally opened in April 2013.
Adobe Reports Online Price Declines, Slowing Inflation
Online prices in July 2023 fell 1.6 percent year-over-year (YoY), marking the eleventh consecutive month of YoY price decreases, according to the Adobe Digital Price Index (DPI).
Bob’s Stores To Open Three Locations
Bob’s Stores plans to open a “flagship” store in Norwalk, CT, that will also carry merchandise from sister retailer Eastern Mountain Sports within the next few months. It’s also planning two other Connecticut stores in Hamden and Southington.
Report: Foot Locker Declined Yeezy Restock Sales Over PR Concerns
Foot Locker is reportedly declining to sell Yeezy shoes during Adidas’ sale of its remaining inventory over fears of a public backlash.
Dick’s SG Closes Store in Binghamton
Dick’s Sporting Goods closed its store in Vestal, NY, while opening a House of Sport in nearby Johnson City.
Iron Valley Supply Promotes Wells to Senior Merchandiser/Business Analyst
Cary Wells joined Iron Valley Supply as a merchandiser in May 2022, where he played a key role in building its brand offerings and expanding and maintaining current lines.
