OrthoLite Cirql Names Sales Director, Ho Chi Minh City, Vietnam
OrthoLite hired Juan Cutina as sales director for OrthoLite Cirql, headquartered in Vietnam, where Cutina is based. He joins the company with more than a decade of experience in footwear manufacturing in Vietnam.
Nike Opens First Nike Rise Location In North America
Nike opened Nike Aventura, located in Miami, FL. The location is the first Nike Rise store in the U.S. and “signals the next stage of our retail expansion in North America,” according to a Nike press release.
Nike Extends Contract With UNI
Nike renewed its partnership with The University of Northern Iowa (UNI) Athletics through a partnership with BSN Sports.
Urban Outfitters’ Q3 Profits Drop By Margin Pressures
Urban Outfitters, Inc. reported earnings slumped 58.2 percent in the third quarter but were in line with Wall Street estimates. Sales growth of 3.9 percent was offset by a 410 basis point decline in gross margins due to heightened markdowns.
Rad Power Bikes CEO Steps Down
Rad Power Bikes CEO Mike Radenbaugh has stepped down, replaced by Phil Molyneux, who joined the Seattle-based e-bike company as president and COO earlier this year.
Rapha CEO Steps Down
Rapha, the U.K.-based cycling apparel brand, reported that William Kim had stepped down as CEO for personal reasons. He will be replaced by Francois Convercey and Daniel Blumire who were appointed as joint managing directors.
TeamSnap Acquires LeagueSide
TeamSnap, the provider of sports management software and the youth sports online community, acquired LeagueSide, the community sports sponsorship platform.
How To Win Over Customers On Black Friday And Cyber Monday
Discover why sporting goods retailers all over the world use Lightspeed to run and grow their businesses.
1791 Outdoor Lifestyle Group Names VP, Sales & Marketing
Miami-based 791 Outdoor Lifestyle Group hired Evan McNamara as vice president of sales and marketing.
Mastercard Spendingpulse Forecasts 15 Percent U.S. Retail Sales Growth On Black Friday
According to Mastercard SpendingPulse, U.S. retail sales excluding automotive are expected to grow 15 percent on Black Friday compared to last year.
Herschel Supply Opens First Store In the U.S.
Herschel Supply opened its first retail store in the U.S. at 138 Fifth Avenue in New York City.
ICSC: Consumer Spending Expected To Reach $125B On Thanksgiving Weekend
Consumers are approaching the upcoming holiday shopping weekend with optimism, as the new ICSC Thanksgiving Weekend Intentions survey found that consumers plan to spend a total of $125 billion, a 10 percent increase over 2021, even with the holiday shopping season starting earlier this year than in previous years.
Macy’s Debt Upgraded On Improved Performance
S&P Global Ratings raised its issuer credit rating on Macy’s Inc. as the department store chain has delivered solid operating results and deleverage despite a challenging U.S. retail environment.
IHRSA’s 2022 Health Club Consumer Report Shows Slow Recovey
IHRSA’s 2022 Health Club Consumer Report showed lingering impacts from COVID closures and only partial industry recovery even as consumers expand participation in programs to benefit physical and mental health.
L2 Brands Acquired By PE Firm
L2 Brands, the manufacturer of custom apparel and headwear for the collegiate, destination, leisure, and corporate markets was acquired by Sentinel Capital Partners. The financial terms were not disclosed.
