ICSC Survey: Holiday Sales Grew 17 Percent
As retail sales grew 17 percent year-over-year in November and December, ICSC’s (International Council of Shopping Centers) 2021 Post-Holiday Survey has found that consumers spent an average of $1,011 this holiday season, with 226 million consumers spending money on holiday gifts.
LVMH Luxury Ventures Invests In Aimé Leon Dore
LVMH, the French-based luxury conglomerate, has invested in New York-based streetwear label Aimé Leon Dore. The minority stake investment was made through its LVMH Luxury Ventures arm, which focuses on investing in emerging labels.
Walmart Appoints New U.S. E-Commerce Chief
Walmart has tapped Tom Ward to lead its e-commerce division after the departure of Casey Carl, according to a company memo as first reported by The Wall Street Journal.
Rally House Opens 100th Location
Rally House hit a major milestone with the opening of its 100th store in Lawrence, KS.
Patagonia Sales Exec Joins Better Place Forests
Better Place Forests announced the appointment of John Collins as CEO. Collins began his retail career with Patagonia in 1996 and most recently served as Patagonia’s head of global revenue.
Nike To Close Factory Store In Louisville
Nike closed a Nike Factory Store at Shelbyville Road Plaza in Louisville, KY.
Fanatics Appoints General Counsel
Fanatics announced the appointment of its first General Counsel, Shiri Ben-Yishai to oversee its legal affairs worldwide, including commerce, collectibles, betting and gaming, and NFT’s.
Peloton Considers Layoffs But Denies Reports It Will Suspend Bike Production
Peloton, in a note on its website, confirmed it is considering layoffs, but denied a report that the company would temporarily halt production of its bikes to realign supply with softer demand. In a separate press release, Peloton indicated its fiscal second-quarter revenue would be within its previously forecasted range.
Nordstrom Secures Exclusive On Tom Brady Sports Apparel Line
Nordstrom announced it is the exclusive retail partner and only physical retailer for Brady, the athletic apparel brand created by Quarterback Tom Brady, Tampa Bay Buccaneers.
Puma Sees Fourth-Quarter Results Ahead Of Analyst Targets
Puma reported stronger than expected preliminary quarterly sales and core profit as global demand helped offset the effects from the pandemic and supply chain constraints.
WFSGI Appoints Head Of Cycling
World Federation of the Sporting Goods Industry (WFSGI) announced that Michelle Smyth is its new head of cycling.
Report: Peloton Suspends Bike And Treadmill Production Amid Slowdown
According to a confidential internal presentation dated January 10 attained by CNBC, Peloton has paused its Bike production for two months, from February to March, due to a “significant reduction” in demand attributed to heightened price sensitivity and competition.
Lolë Appoints Vice-President of Sales
Lolë announced it had appointed Nadine Garneau as vice president of sales.
Wilson To Open Flagship In New York City
Wilson will open its second store at 594 Broadway in the SOHO district of Manhattan on January 21. The brand’s first store opened last July in Chicago.
Cardinal Cycling Group Acquires Detroit Bikes
Cardinal Cycling Group has acquired the assets of Detroit Bikes, including the brand, inventory and production facility. Zak Pashak, Detroit Bikes founder, will remain a partner in the new company and continue factory management and business development.
