NRF: Consumers Remain ‘Willing to Spend’ Despite Considerable Economic Headwinds
While the growth rate of consumer spending has begun to ease, owing to slower job and wage gains, higher interest and tighter credit, “consumers clearly remain willing to spend.”
Citi Trends Narrows Q1 Net Loss, Tempers Comps Outlook for Year as New CEO Takes Reins
Net loss per share was 42 cents, or a loss of 32 cents per share as adjusted, compared to a loss of 81 cents, or 66 cents as adjusted in Q1 2023.
Skechers Rings In 25th Anniversary with the NYSE and an All-Time High
Skechers, founded in 1992, celebrated its 25th year as a public company by ringing the New York Stock Exchange opening bell on June 3.
Detroit Bikes Brand Reenergized in New Company Launch
Beacon Manufacturing will reportedly be led by bike industry veteran Gary Thornton, who will serve as CEO and as the president of Detroit Bikes.
DSW Parent’s First Quarter Earnings Tank as Retail Side Looks to Restore Growth
First quarter net sales increased 0.6 percent year-over-year to $746.6 million. Total comparable sales decreased by 2.5 percent in the first quarter on top of a 10.4 percent decline in the year-ago Q1 period.
Banana Republic Opens Redesigned NYC Flagship Store
The store’s features merge a retail experience with art and architecture amd showcase Banana Republic’s men’s and women’s ready-to-wear, accessories and home collections within 17,000 square feet, covering two floors.
Camping World Sets Succession Plan for Company President and CFO
Company President Brent Moody and CFO Karin Bell will resign effective July 1, with a year-end retirement planned for each. On July 1, principal operating officer Matthew Wagner will be appointed president, and principal accounting officer Tom Kirn will be appointed CFO.
DSW Names Sarah Crockett Chief Marketing Officer
Prior, she was global CMO for Williamson-Dickie Mfg. Co., parent of the Dickies brand, and subsequently held the role of CMO at Backcountry.com and Burton Snowboards. She currently sits on the Board of Rumpl and Stance.
TRE Parent Rolling Out Switchback as Stand-Alone Outdoor Industry Event
Switchback is coming to Nashville, TN, June 16-18, 2025, separate from its sibling show, The Running Event. Switchback Spring 2025 will continue to provide retailer scholarships and welcome an advisory panel to support shaping the event’s trajectory.
VF Names Caroline Brown as TNF Global Brand President; Re-Works Board
As a result of her appointment, Brown resigned as a member of the VF Board of Directors.She served as an independent director on the Board from February 2024 to May 2024.
Revo Expands Retail Footprint, Opens Pop-Up in Croatia
The pop-up store is in partnership with the Lekri wine shop, a local winery, pairing Revo’s fashion-forward eyewear with local wines in Dubrovnik, Croatia.
Jackson Hole Mountain Resort Names New CFO as Matt McCreedy Departs
McCreedy began his role as the resort’s CFO in 1992, the year the Kemmerer family bought Jackson Hole Mountain Resort with the goal of turning it into a world-class adventure sports and travel destination.
Brixton Hires Industry Veteran as SVP of U.S. Wholesale
Brian White was the SVP of Global Sales for Herschel Supply after being the VP of sales for Nixon and managing the agency he founded, including for brands Ride, Hurley, Globe, and DaKine.
Adidas Terrex Opens Showroom in Downtown Boulder
The space, located near Pearl Street, will be use for “events, hosting partners and community members, and building connections with the city’s strong, local retailer market.”
Kimber Partners with Lipsey’s, Adds Depth to Distribution
Lipsey’s is the latest authorized distributor Kimber added to its network, which includes the RSR Group, MGE wholesale, Orion wholesale, Kinseys and Grice wholesale.
