SGB Update

Mammut North America Hires Three Key VP Roles, Promotes Three Others

Mammut hired three new VP-level roles to its North American team structure to drive growth across sales, operations, marketing, and partnerships. Recent promotions include Leah Simkoff to VP of finance, Ian Armstrong to national sales director and Collin Jenkins to commercial director.

Dr. Martens Issues Profit Warning

Dr. Martens issued its profit warning for the fourth quarter as it faced higher-than-expected costs at a new Los Angeles (LA) distribution center.

Consumer Confidence Index Improves Modestly

Consumer sentiment in the U.S. improved modestly in early April, as reported in the University of Michigan’s Consumer Confidence Index, rising to 63.5 (preliminary) from 62 index points in March—better than the market expectation of 62.

Tilly’s, Inc. Appoints New Chief Merchant

Tilly’s, Inc. hired Laura Janney as EFP and chief merchandising officer, effective May 8, overseeing the retailer’s buying, sourcing and product development and coordinating consistency in its in-store and online consumer merchandising experience.

Walmart’s Chief Merchandising Officer To Depart

Walmart’s Chief Merchandising Officer, Charles Redfield, is stepping down next month. The announcement came from Walmart’s U.S. CEO, John Furner, in a memo to employees dated April 14.