SGB Update

Tilly’s Chief Merchant To Exit

Tilly’s, Inc. said in a regulatory filing that Robert Goodwin, its SVP and general merchandise manager, plans to resign from his role on January 27 to pursue another opportunity.

Farfetch Sets Leadership Changes

Farfetch reported chief brand officer, Holli Rogers, and chief growth officer, Martin Avetisyan, are leaving the company to pursue other opportunities. The online luxury platform also reported it added three new hires.

Authentic Brands Group Hires CFO

Authentic Brands Group named Jessica Holscott as chief financial officer. She succeeds Kevin Clarke, founding partner, who has taken a new role as executive vice chairman.

NRF: Holiday Sales Climb 5.3 Percent, Just Below Forecast

Retail sales during the November/December 2022 holiday season grew 5.3 percent over 2021 to $936.3 billion, falling short of the National Retail Federation’s (NRF) forecast amid continuing inflation and high-interest rates.

Wahoo Fitness’ Debt Ratings Lowered On Potential Default

S&P Global Ratings lowered its debt ratings on Wahoo Fitness Acquisition, LLC on its expectation that the U.S.-based fitness technology company would pursue a debt restructuring or distressed exchange over the next six months due to a liquidity shortfall.

Otis Reports 2022 Sales Rep And Agency Awards

Otis Technology recognized J.R Keller of Jeff Robles & Associates as its 2022 Sales Rep of the Year. The company also announced Jeff Robles & Associates as Sporting Goods Sales Agency of the Year, Odle Sales as Law Enforcement Sales Agency of the Year and Forward Edge Marketing Group as Government Sales Agency of the Year.

Study: Section 301 Tariffs Hurt American Consumers and U.S. Businesses Most

The American Apparel & Footwear Association, the Footwear Retailers & Distributors of America, the National Retail Federation, the Retail Industry Leaders Association, and the United States Fashion Industry Association released a study that calls out the detrimental economic impacts of Section 301 tariffs.

Ammo Appoints Board Member

Ammo, Inc. appointed Randy Luth, a firearm industry veteran, to serve on its board of directors. Luth previously served on Ammo’s board from 2017 to 2021.