Imports Headed To Lowest Level Since Early 2021
Imports at the nation’s major container ports are expected to fall to their lowest level in nearly two years by the end of 2022 even though retail sales continue to grow, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Club Champion Opens In Five New Markets
Club Champion said it opened five new stores in the third quarter. With golf club fitting studios now open in Torrance, CA; Wilmington, NC; Pleasanton, CA; Mandeville, LA; and Ashburn, VA, Club Champion is ready to enter over 115 domestic and international locations by the end of the year.
Recall: Swift Straps
About 1,800 nine-inch Swift Straps from Swift Industries Designs have been recalled. The rubber straps that fasten a bike bag to a bicycle could break, causing it to come loose and fall, posing a crash and/or injury hazard to the rider.
Jordan Brand VP Joins Sony
Andrea Perez, formerly global vice president and general manager of Jordan Women’s, has joined Sony as SVP global marketing, product, brand and services with a focus on its Playstation brand.
Ross Stores Appoint Board Member
Ross Stores, Inc. announced that Edward G. Cannizzaro had been elected to its Board of Directors, effective October 14, 2022.
Nordstrom’s Chief Technology And Information Officer Stepping Down
Edmond Mesrobian, Nordstrom’s chief technology and information officer, plans to step down from this position, according to a regulatory filing, effective October 14.
Oros Apparel To Open Chicago Pop-up Shop
Oros, the manufacturer of thermal technology for apparel, announced it would open a pop-up shop in Chicago’s Southport neighborhood on October 22.
Adidas Places Yeezy Partnership Under Review
Adidas issued a statement saying it had placed its partnership with Kanye West supporting the Yeezy range “under review” after West had recently been publicly critical of the company and its CEO.
Peloton Issues Statement Denying Timeline On Sale Of Business
Peloton issued a statement denying reports that the company had a timeline to complete a turnaround or it would sell the business.
Levi Strauss Cuts Outlook On Macroeconomic Pressures In The U.S. And Europe
Levi Strauss & Co. reported earnings for the third quarter that ended August 28 came in slightly ahead of Wall Street’s estimates despite sales coming up short. Guidance was reduced for the year due to more modest expectations for the fourth quarter.
Golden Goose Acquires Italian Fashion Team
Golden Goose, the Italian luxury sneaker maker, acquired its main supplier, the Italian Fashion Team. Terms were not disclosed.
Norrøna Adds Midwestern Reps
Norrøna hired Grand Rapids, MI-based sales agency Kozy Outdoors, LLC, to its network of outdoor specialty retailers serving the Midwest region. The company also promoted Patrick Gould as U.S. sales rep, a newly created role.
RareWaters Expands Team, Hires CEO
RareWaters hired RJ Hosking as CEO and added to its sales and marketing team timed with its expansion into fly fishing in the Rocky Mountain region.
Academy Sports’ Debt Ratings Upgraded
S&P Global Ratings raised the debt ratings of Academy Sports + Outdoors, Inc. due to its recent better-than-expected performance, including S&P Ratings’-adjusted EBITDA margins of almost 19 percent over the last six quarters.
New York Road Runners Appoints CEO
New York Road Runners announced that Rob Simmelkjaer, a former NBC Sports Ventures and ESPN executive, was hired as chief executive officer, effective November 15, 2022.
