February Another Record Month At The Port Of Los Angeles
The Port of Los Angeles processed 857,764 Twenty-Foot Equivalent Units (TEUs) in February, a 7.3 percent increase compared to last year. It was the Port’s busiest February in its 115-year history and represents back-to-back record months to begin 2022.
G-III Apparel Q4 Revenues More Than Double In Fourth Quarter
G-III Apparel Group, Ltd. reported earnings more than doubled in the fourth quarter as sales grew 42 percent. Sales grew 35 percent in the full year and are expected to expand 8 percent in 2022.
DSW’s Parent Sees 35 Percent Sales Gain In Q4
Designer Brands, Inc., the parent of the DSW chain, reported sales grew 35.0 percent in the fourth quarter and 43.0 percent in the year.
Canada Goose Appoints Board Member
Canada Goose Holdings, Inc. has appointed Belinda Wong, chairman of Starbucks China and executive vice president, Starbucks, to its Board of Directors, effective immediately.
Report: Hudson’s Bay Considering Bid For Kohl’s
Hudson’s Bay Co., the owner of Saks Fifth Avenue, is considering a bid for Kohl’s Corp., according to a report from the Wall Street Journal.
RECALL: Specialized Sirrus Bicycles
Specialized has issued a voluntary recall of about 36,000 Sirrus, Sirrus X and Sirrus Sport Bikes with alloy cranks that were sold in the U.S.
February Retail Sales Rose Strongly Year-Over-Year
Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said.
Gregory Sales Climb 16 Percent In 2021
Samsonite International S.A. reported sales from its Gregory backpacks rose 15.9 percent to $59.4 million from $51.2 million a year ago. Sales on a currency-neutral basis grew 16.2 percent.
Icebreaker Appoints GM For North America
Icebreaker, owned by VF Corp., has hired Noah Bryan as general manager for North America. Most recently, he worked as the senior business development manager for sports and outdoors at Amazon.
PingPod Closes $10 Million Series A Funding For Expansion
PingPod, the table tennis on-demand concept with three New York City locations, has raised $10 million in a Series A funding round.
Nutrishop And 24 Hour Fitness Expand Partnership
Nutrishop expanded its partnership with 24 Hour Fitness with plans to have approximately 50 Nutrishop franchised shops inside 24 Hour Fitness locations over the next four years.
Primary Arms Names Creative Manager
Primary Arms hired Grace Jin as its creative manager overseeing graphic and visual media for the company’s major business units.
Taurus Hires VP Of Sales
Taurus hired Justin Porlier as vice president of sales. Most recently, he was regional sales manager for Dunkin Lewis, Inc.
NRF Forecasts Annual Retail Sales To Increase In 2022
The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022. The 2022 figure compares with 14 percent annual growth rate in 2021, the highest growth rate in more than 20 years. This year’s sales forecast is notably above the 10-year, pre-pandemic growth rate of 3.7 percent.
JCPenney Scores Exclusive With Airwalk
JCPenney debuted an exclusive footwear collection with Airwalk, the skate and lifestyle sneaker brand owned by Authentic Brands Group.
