BikeExchange Announces Changes In Leadership
BikeExchange/Kitzuma Cycling Logistics has added and shuffled North American positions for BikeExchange, including promoting Cameron Simpson as head of North America.
Recall: Cervélo Bikes
Cervélo recalled about 2,043 model year 2022 R5 and Caledonia-5 bicycles and 182 ST31 LT replacement stems because the bike’s handlebars could slip in the stem and cause the rider to lose control.
August Retail Sales Supported By Job And Wage Gains Amid Continued Inflation
The National Retail Federation reported core retail sales, which excludes automobile dealers, gasoline stations and restaurants, grew 0.1 percent in August from July and were up 8 percent unadjusted year-over-year. Consumers’ willingness to spend overcame inflation again in August as more jobs and higher wages helped ease some of the pressure of continuing high prices, the NRF said.
Eddie Bauer Partners With Itochu For Japan Expansion
Authentic Brands Group entered into a new partnership with Itochu to grow the Eddie Bauer business in Japan.
5.11 Tactical Opens 100th Store
5.11 Tactical, a subsidiary of Compass Diversified, will open its 100th store in Oxnard, CA, on September 17, 2022.
Kanye West Seeks To End Relationship With Gap And Adidas
Kanye West said he formally notified Gap, Inc. that he is terminating his partnership with the apparel chain after two years. He accuses Gap of breaking their agreement by not releasing his apparel line or opening planned retail stores. West also reiterated to media outlets that he plans to end his Adidas contract.
Mastercard: U.S. Holiday Sales Expected To Grow 7.1 Percent
U.S. retail sales, excluding automotive, are expected to increase 7.1 percent year-over-year this holiday season, according to the Mastercard SpendingPulse annual holiday forecast.
Rab, Lowe Alpine Names National Sales Manager
Rab and Lowe Alpine hired Peter McConkie as national sales manager. He was the national sales manager for Vasque Footwear.
Olympia Sports Retains Liquidators To Close Remaining 34 Stores
Olympia Sports, which filed for bankruptcy this week to support liquidation, hired SB360 Capital Partners, LLC as its exclusive consultant to conduct “Going Out of Business” sales in its remaining 34 stores.
Everlane Secures Financing
Everlane, Inc., the retailer of sustainable apparel, accessories and footwear, has secured a $65 million revolving credit facility.
Skechers Senior Vice President, Domestic Sales, To Retire
After nearly three decades with Skechers, Senior Vice President of Domestic Sales Rick Graham announced his retirement. Pete Calichman will replace Graham.
Golftec Opens Location In Atlanta
Golftec announced it opened an instruction and club fitting center in Atlanta, GA.
Primary Arms Hires VP of E-Commerce And Inbound Marketing
Primary Arms hired Kody Staples as vice president of e-commerce and inbound marketing. In this position, Staples will oversee Primary Arms’ digital sales channels and e-commerce marketplaces.
Railroad Strike Averted After Tentative Deal Reached
Railroads and workers’ unions reached a tentative labor agreement early Thursday, averting a national rail strike that threatened to shut a major segment of the U.S. transportation network.
Report: Steph Curry Nearing $1B Lifetime Contract With Under Armour
Steph Curry is poised to sign a lifetime contract with Under Armour worth “potentially more than $1 billion,” according to a report from Rolling Stone.
