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.
Camping World Holdings To Acquire All Seasons RV In Yuba City, CA
Camping World Holdings, Inc. agreed to acquire All Seasons RV in Yuba City, CA. The acquisition is expected to close in the third quarter of 2023, increasing its California location count to twenty-one.
The Headrest Safe Company Hires Sales Agency For 13 Western States
The Headrest Safe Company, LLC hired Lammert Associates, Inc. to oversee the growth and expansion of the company’s business in 13 Western states.
Winnebago Industries Names VP Of Corporate Responsibility Team
Winnebago Industries hired Jil Littlejohn Bostick as executive director for the Winnebago Industries Foundation and vice president for the company’s corporate responsibility team, effective April 1.
Nordstrom Appoints Chief Technology And Information Officer
Nordstrom, Inc. hired Jason Morris as chief technology and information officer, effective May 1, overseeing technology functions, including engineering, data science and analytics.
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.
Sea To Summit Makes U.S. Hires To Bolster Global Product Design Team
Sea to Summit, headquartered in Perth, Western Australia, hired Bryan Davis as global head of Product and Ashley Tyrrell as a product manager. Both will work from the company’s U.S. office but engage with its design team in Perth.
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.
U.S. Retail Sales Slip 1 Percent Amid High Inflation, Rising Rates
The U.S. Census Bureau reported overall retail sales in March were down 1 percent from February but up 2.9 percent year-over-year. In February, sales were down 0.2 percent month over month but up 5.9 percent year-over-year.
Walmart Sells Bonobos To Express And WHP Global For Fraction Of Purchase Price
Express, Inc. and global brand management firm WHP Global agreed to acquire menswear brand Bonobos, Inc. from Walmart, Inc. for a combined purchase price of $75 million, the first jointly-made acquisition by WHP Global and EXPR since finalizing its partnership earlier this year.
TYR Named Exclusive Outfitter Of USA Swimming National Team
USA Swimming, the national governing body for the sport, and TYR reported expanding its partnership naming Tyr the exclusive outfitter of the National Team and the National Junior Team through December 31, 2024.
World Wide Buy Group To Represent ZeroTech Optics In U.S.
ZeroTech Optics, founded in Australia in 2018, hired the World Wide Buy Group as product reps in the U.S.
PGA VP Appointed To Arizona Lodging And Tourism Association Board
The PGA of America and the Arizona Lodging and Tourism Association (AzLTA) appointed PGA Vice President Don Rea, Jr. to its Board of Directors.
CivicScience: Nike And Target Top Athleisure Preference Of Gen-Z
Recent polling data from CivicScience found that the Gen-Z generation turned to Nike as its brand of choice for athleisure, followed by (in order) Target, Adidas, Old Navy, and Lululemon.
