SGB Update

Caleres CEO To Retire Next Year

Diane Sullivan, Caleres’ long-time CEO, will retire effective January 15, 2023. The company announced the news on Monday. Jay Schmidt, president of Caleres, will succeed Sullivan as chief executive officer, with Sullivan moving to the role of executive chairman. 

Filson Appoints President

Filson, the Seattle-based outdoor and apparel manufacturer, announced the appointment of Neil Morgan as president of the company.

Luxury Retail’s Momentum Continues Into 2022

Despite record inflation and a plunging stock market, the rebound in luxury spending seen in 2021 has continued into 2022, according to recent reports from Bain and Bank of America (BOA).

Buck Knives Adds Managers To Teams

Buck Knives announced that outdoor industry veteran Ken Vitale had joined the company as a product manager, while Katie Redman was hired as operations manager.

A.K.A. Brands Sees 6 Percent Growth In Second Quarter

A.K.A. Brands Holding Corp. said it expects to show a loss in the second quarter ended June 30 as sales increased 6 percent. Current brands in the A.K.A. Brands portfolio include Princess Polly, Culture Kings, mnml, Petal & Pup, and Rebdolls.

Peloton Adds New Corporate Wellness Partners

Peloton added 15 Corporate Wellness Partners to its Corporate Wellness Program, including AARP, Akin Gump Strauss Hauer &Feld LLP, Ben & Jerry’s, Digitas Health, Dropbox, Goodwin, Namely, Nasdaq, Pharmavite, RK&K, SAP, UCB, VICE Media, Vitamix, and Volvo Group.

Workers For Lululemon DC Store File To Form Union

Lululemon Athletica, Inc. employees working at one of its Washington, D.C. stores has petitioned to unionize, extending a wave of organizing at previously union-free U.S. retail firms.

JD Sports Confirms Guidance

JD Sports Fashion Plc announced ahead of its annual general meeting that same-store sales were up 5 percent for the first five months through June while reiterating that sales for the full year would be in line with the record results it set last year.

Recall: Aqualung Scuba Diving Computers

About 16,400 Aqualung i330R Scuba Diving Computers are being recalled. The recalled equipment can fail to adjust to the user’s altitude and display incorrect calculations for sea level dive times at altitudes exceeding 3,000 feet, decompression sickness and drowning hazards.