NRF Report: Organized Retail Crime A Growing Threat For U.S. Retailers
Organized retail crime is a perpetual and burgeoning problem for the U.S. retail industry, and evidence suggests it is growing in scope and complexity, according to a recently released report from the National Retail Federation (NRF).
Fitstop To Expand Into U.S. Market; Hires NA Athletic Director
Fitstop, the Australia-based fitness chain, will open a flagship location in Santa Monica, CA in May. The company hired Peter Pisani as North America Athletic Director.
Walmart Closes Four Stores In Chicago
Walmart reported it will close four of its eight stores in Chicago after stating the stores were losing “tens of millions of dollars a year, and the retailer’s annual losses nearly doubled in just the last five years.”
Kizik Names Chief Merchandising Officer
Kizik hired Gretchen Weimer, formerly global VP of product at Hoka, as chief merchandising officer.
Dick’s SG Signs Multi-Year Partnership With Boston Athletic Association
Dick’s Sporting Goods reported signing a multi-year agreement to be the official retail sponsor of the Boston Marathon and the Boston Athletic Association (B.A.A.) Distance Medley events ahead of opening a Dick’s House of Sport in spring 2024.
Dillard’s Debt Ratings Upgraded
S&P Global Ratings raised the debt ratings on Dillard’s Inc. as the department store chain has maintained a “stable performance and a conservative financial policy even in the volatile retail operating environment of the past year.”
Marolina Outdoor Adds Industry Veterans To Team
Marolina Outdoor, the parent company of Huk Performance Fishing and Nomad Outdoor, hired Dean Rurak as CEO and Bill Ferreira as senior vice president of sales and merchandising, effective May 1.
Topo Athletic Appoints U.S. Wholesale Sales Director
Topo Athletic hired Ashleigh Cook as sales director of U.S. Wholesale, leading its domestic sales team to grow its network of retailer accounts and independent sales agents.
Yukon Outfitters Names Sales Chief
Yukon Outfitters hired John Bissert as vice president of sales and business development. Most recently, Bissert was senior sales director for Sporting Goods, RV Marine & Promotional channels at The Coleman Company/Newell Brands.
Camping World To Acquire All Seasons RV In Oregon
Camping World Holdings, Inc. reported it agreed to acquire All Seasons RV in Bend, OR, bringing the number of Camping World locations in the state to six.
Self Esteem Brands Expands In Europe, Adds Anytime Fitness Master Franchisee
Self Esteem Brands, the parent company of a global portfolio of fitness, health and wellness franchise brands, reported that Manfred Mitterlehner, the fitness and personal training operator of Austria-based Mitterlehner Fitness, joined Anytime Fitness as a master franchisee.
Yue Yuen Manufacturing Business Falls 21.3 Percent In March
Yue Yuen Industrial (Holdings) Limited, the subsidiary of Pou Chen Corporation that manufactures a large percentage of global athletic and outdoor footwear, reported that its net consolidated operating revenue for March was $696.5 million, a 10.0 percent decline versus the year-ago month.
Anta Sports Saw Solid Q1 China Retail Sales Growth With Fila Up In High Singles
Anta Sports Products Limited reported that retail sales of Anta-branded products posted mid-single-digit growth in the first quarter compared to the year-ago comparable period.
Sportsman’s Warehouse Q4 Profits Decline On Double-Digit Comps Decline; CEO To Retire
Sportsman’s Warehouse Holdings, Inc. announced that John Barker, CEO, plans to retire as CEO and director, effective April 14, to spend time on personal interests. Joseph Schneider, the current Board chair, has been appointed interim CEO. The change comes as the retailer reported fourth-quarter earnings declined sharply against strong year-ago results and although EPS slightly exceeded Wall Street’s targets.
Pou Sheng Retail Sales Surge 29.8 Percent In March
Pou Sheng International (Holdings) Limited, the China-based retail subsidiary of Yue Yuen Industrial (Holdings) Limited, reported that net consolidated operating revenue for March was RMB 1.73 billion, up 29.8 percent from RMB 1.34 billion in the year-ago comparable month.
