Jack Wolfskin Hires New Leadership For UK And Nordic Regions
Jack Wolfskin hired new leadership for the UK and Nordic regions to align with the company’s global growth strategy, firs reported in 2021.
Frasers Group Acquires Gieves & Hawkes
Frasers Group Plc, the parent of Sports Direct, bought Savile Row tailor Gieves & Hawkes.
Czechoslovak Group Acquires Majority Stake In Fiocchi Munizioni
Czechoslovak Group (CSG) has acquired a 70 percent stake in Fiocchi Munizioni, the manufacturer of small-caliber ammunition. CSG said it would partner with the current shareholders, the Fiocchi family and Charme Capital Partners, each retaining a minority stake for continued growth.
Nexgen Packaging Names CEO
Nexgen Packaging, a provider of packaging for the retail, apparel and footwear industries, hired James Welch as CEO. Welch assumed the role in October, after having been the company’s co-CEO since June 2021. Co-founder Andy Effron moved from the co-CEO role to the chairman.
Beachbody Receives Compliance Notice From NYSE
The Beachbody Company, Inc. said it received a deficiency letter from the New York Stock Exchange notifying the company that it is not in compliance with applicable price criteria in the NYSE’s continued listing standards.
Camping World Further Expands In Southern California
Camping World Holdings, Inc. agreed to acquire RV Solutions, Inc., a family-owned RV dealership group in San Diego, CA. The transaction includes two RV dealership locations–RV Solutions and Airstream of San Diego—and one standalone parts and service center in El Cajon, CA.
Unifi Expands Textile Takeback System
Unifi, Inc. expanded its Textile Takeback, a collection and recycle polyester-based fabric waste system, whereby recycled resin is converted into Repreve fiber or blended with recycled plastic bottle material.
RYU Makes Changes In Management
RYU Apparel, Inc. said it changed its management structure and relocated its corporate headquarters to Toronto from Vancouver, Canada. The company accepted the resignations of former COO Robert Blair and former CFO Robert Lelovic. Cesare Fazari will continue as CEO and assume interim CFO responsibilities until a replacement is found.
Shopify Merchants Break Black Friday Records With $3.36 Billion In Sales
Shopify, Inc. reported a record-setting Black Friday with global sales of $3.36 billion from the start of Black Friday in New Zealand through the end of Black Friday in California—marking a 17 percent increase in sales over Black Friday in 2021, 19 percent on a constant-currency basis.
Black Friday Online Sales Hit Record $9.12 Billion
U.S. shoppers spent a record $9.12 billion online this Black Friday, according to Adobe Analytics, which tracks sales on retailers’ websites. That’s a 2.3 percent increase compared to $8.92 billion in 2021 and also up from $9.03 billion the in 2020.
Mastercard SpendingPulse: Black Friday Sales Climb 12 Percent
According to Mastercard SpendingPulse, U.S. retail sales on Black Friday were up 12 percent year-over-year, excluding automotive, in-store sales increased 12 percent year-over-year, and e-commerce sales experienced sustained growth, up 14 percent.
Patagonia Sues Gap For Copying Its Signature Snap-T Pullover
Patagonia, Inc. sued Gap, Inc. for allegedly copying its flap pocket and rectangular “P-6” logo, which it has used on its fleece outerwear for more than three decades.
Bankruptcy Court Approves PrairieFire’s Acquisition Of Front Sight
PrairieFire reported that the U.S. Bankruptcy Court for the District of Nevada confirmed its Chapter 11 plan of reorganization under which PrairieFire will acquire 100 percent of the equity of Front Sight Management, LLC, the firearms training institute.
Designer Brands Expands Board With Two New Members
Designer Brands Inc., the parent of DSW, announced two new appointments, Rich Paul and Tami J. Fersko, to its Board of Directors.
Yomiuri Giants, Nike And Fanatics Announce Long-Term Partnership
The Yomiuri Giants, Nike and Fanatics announced a long-term global partnership whereby Nike becomes the official uniform supplier of the Yomiuri Giants. Fanatics will manufacture and distribute on-field uniforms and player performance merchandise as well as Nike-branded fan jerseys and apparel.
